Morgan Stanley Has Lowered Expectations for Halliburton (NYSE:HAL) Stock Price

Halliburton (NYSE:HAL - Free Report) had its price target lowered by Morgan Stanley from $35.00 to $34.00 in a research note released on Monday,Benzinga reports. Morgan Stanley currently has an overweight rating on the oilfield services company's stock.

Other equities research analysts also recently issued reports about the stock. Susquehanna decreased their price objective on shares of Halliburton from $42.00 to $40.00 and set a "positive" rating for the company in a research note on Friday, November 8th. BMO Capital Markets decreased their price target 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. Bank of America reduced their price objective on Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. TD Cowen lowered their target price on Halliburton from $47.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, July 22nd. Finally, Evercore ISI reduced their price target on Halliburton from $52.00 to $48.00 and set an "outperform" rating on the stock in a research report on Monday, July 22nd. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $40.74.

Halliburton Trading Up 2.6 %

Shares of HAL stock traded up $0.76 on Monday, reaching $30.45. 9,159,624 shares of the stock were exchanged, compared to its average volume of 8,087,857. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The stock has a market cap of $26.75 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 3.64 and a beta of 1.89. The firm has a 50 day moving average of $29.14 and a two-hundred day moving average of $32.17. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate 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 28.33% and a net margin of 11.04%. During the same quarter in the prior year, the company earned $0.79 earnings per share. The business's revenue was down 1.8% compared to the same quarter last year. On average, research analysts anticipate that Halliburton will post 3.02 EPS for the current year.

Institutional Investors Weigh In On Halliburton

Institutional investors have recently modified their holdings of the business. Country Trust Bank bought a new position in shares of Halliburton during the third quarter valued at approximately $36,000. Bruce G. Allen Investments LLC lifted its stake in Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company's stock valued at $38,000 after buying an additional 822 shares during the last quarter. Continuum Advisory LLC lifted its stake in Halliburton by 101.2% in the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company's stock valued at $42,000 after buying an additional 698 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Halliburton during the third quarter valued at $44,000. Finally, Crewe Advisors LLC bought a new position in shares of Halliburton during the first quarter worth about $46,000. 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.