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

Halliburton (NYSE:HAL - Free Report) had its price objective reduced by Susquehanna from $42.00 to $40.00 in a report issued on Friday morning,Benzinga reports. They currently have a positive rating on the oilfield services company's stock.

Several other research firms have also commented on HAL. TD Cowen decreased their price objective on shares of Halliburton from $47.00 to $45.00 and set a "buy" rating for the company in a research note on Monday, July 22nd. Benchmark reaffirmed a "buy" rating and issued a $40.00 price target on shares of Halliburton in a report on Friday. Stifel Nicolaus lowered their price target on Halliburton from $45.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, October 11th. The Goldman Sachs Group cut their target price on shares of Halliburton from $47.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Finally, Wells Fargo & Company cut their price objective on Halliburton from $46.00 to $39.00 and set an "overweight" rating for the company in a report on Wednesday, September 25th. Four equities research 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.79.

Halliburton Stock Down 1.1 %

Shares of HAL stock traded down $0.33 during trading hours on Friday, reaching $29.22. The company had a trading volume of 9,739,774 shares, compared to its average volume of 8,047,481. The company has a market cap of $25.80 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.85 and a beta of 1.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56. The business has a fifty day simple moving average of $29.10 and a 200-day simple moving average of $32.53.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data 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). Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter last year, the business posted $0.79 earnings per share. Halliburton's revenue was down 1.8% on a year-over-year basis. On average, research analysts expect that Halliburton will post 3.12 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

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

Institutional Trading of Halliburton

Several large investors have recently bought and sold shares of HAL. Capital World Investors lifted its stake in shares of Halliburton by 0.3% in the 1st quarter. Capital World Investors now owns 121,928,734 shares of the oilfield services company's stock valued at $4,806,431,000 after purchasing an additional 377,500 shares during the period. Vanguard Group Inc. lifted its position in Halliburton by 2.7% during the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company's stock valued at $3,952,805,000 after buying an additional 2,618,740 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Halliburton by 46.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company's stock valued at $2,408,171,000 after buying an additional 19,237,784 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Halliburton by 17,317.6% in the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company's stock worth $460,462,000 after buying an additional 13,552,927 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Halliburton by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company's stock worth $340,752,000 after acquiring an additional 1,681,620 shares in the last quarter. 85.23% of the stock is owned by institutional investors.

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.