Halliburton (NYSE:HAL) Given New $43.00 Price Target at Barclays

Halliburton (NYSE:HAL - Free Report) had its price target decreased by Barclays from $47.00 to $43.00 in a research report released on Friday,Benzinga reports. Barclays currently has an overweight rating on the oilfield services company's stock.

Other analysts have also issued reports about the company. Benchmark reaffirmed a "buy" rating and set a $40.00 target price on shares of Halliburton in a research report on Friday. Jefferies Financial Group cut their target price on Halliburton from $47.00 to $46.00 and set a "buy" rating on the stock in a research report on Tuesday, September 24th. Morgan Stanley decreased their price target on shares of Halliburton from $45.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Dbs Bank began coverage on shares of Halliburton in a report on Wednesday, September 18th. They issued a "buy" rating and a $45.00 price target on the stock. Finally, Royal Bank of Canada lowered shares of Halliburton from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $44.00 to $37.00 in a report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Halliburton presently has an average rating of "Moderate Buy" and an average price target of $40.79.

Halliburton Stock Down 1.1 %

Shares of NYSE:HAL traded down $0.32 during mid-day trading on Friday, hitting $29.23. 9,742,008 shares of the company traded hands, compared to its average volume of 8,816,506. The firm's 50 day simple moving average is $29.10 and its 200 day simple moving average is $32.53. The firm has a market cap of $25.81 billion, a P/E ratio of 9.71, a PEG ratio of 2.01 and a beta of 1.89. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. Halliburton has a 52-week low of $27.26 and a 52-week high of $41.56.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, equities analysts anticipate that Halliburton will post 3.12 EPS for the current year.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.33%. Halliburton's dividend payout ratio is 22.59%.

Hedge Funds Weigh In On Halliburton

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its holdings in Halliburton by 4.5% during the third quarter. Advisors Asset Management Inc. now owns 138,669 shares of the oilfield services company's stock valued at $4,028,000 after buying an additional 6,017 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Halliburton by 260.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,286 shares of the oilfield services company's stock valued at $4,482,000 after acquiring an additional 111,482 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Halliburton in the 3rd quarter worth approximately $253,000. Avior Wealth Management LLC boosted its position in Halliburton by 204.3% during the third quarter. Avior Wealth Management LLC now owns 2,498 shares of the oilfield services company's stock worth $73,000 after purchasing an additional 1,677 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Halliburton by 1.1% during the third quarter. PNC Financial Services Group Inc. now owns 742,334 shares of the oilfield services company's stock valued at $21,565,000 after purchasing an additional 8,405 shares during the last quarter. Institutional investors own 85.23% of the company's stock.

Halliburton Company Profile

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.