Halliburton (NYSE:HAL) Stock Rating Lowered by Raymond James

Raymond James downgraded shares of Halliburton (NYSE:HAL - Free Report) from a strong-buy rating to a market perform rating in a research note issued to investors on Monday morning, Marketbeat.com reports.

HAL has been the topic of several other research reports. Bank of America lowered their price target on Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, October 14th. JPMorgan Chase & Co. lowered their target price on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday. BMO Capital Markets cut their target price on shares of Halliburton from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Thursday, October 10th. Jefferies Financial Group lowered their price target on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Dbs Bank initiated coverage on Halliburton in a research report on Wednesday, September 18th. They set a "buy" rating and a $45.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $38.95.

Halliburton Stock Down 0.2 %

Shares of Halliburton stock traded down $0.06 during midday trading on Monday, reaching $27.62. 7,952,102 shares of the company's stock traded hands, compared to its average volume of 6,968,911. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. Halliburton has a 52 week low of $25.51 and a 52 week high of $41.56. The company's 50 day simple moving average is $29.02 and its 200 day simple moving average is $30.47. The company has a market cap of $24.26 billion, a price-to-earnings ratio of 9.62, a price-to-earnings-growth ratio of 3.55 and a beta of 1.91.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. Halliburton's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share. Equities analysts expect that Halliburton will post 3 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Wednesday, December 4th. Halliburton's payout ratio is 23.69%.

Hedge Funds Weigh In On Halliburton

Several hedge funds and other institutional investors have recently modified their holdings of HAL. Country Trust Bank acquired a new position in Halliburton during the third quarter worth $36,000. Modus Advisors LLC acquired a new stake in shares of Halliburton during the 4th quarter worth about $38,000. Continuum Advisory LLC lifted its holdings in Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock valued at $42,000 after purchasing an additional 698 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Halliburton in the third quarter valued at about $44,000. Finally, Venturi Wealth Management LLC grew its stake in Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock worth $47,000 after buying an additional 412 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.