Halliburton (NYSE:HAL) Receives $39.58 Consensus Target Price from Analysts

Halliburton (NYSE:HAL - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty analysts that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $39.21.

Several research firms recently weighed in on HAL. Morgan Stanley reduced their target price on Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Griffin Securities cut Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. cut their price target on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday. Stifel Nicolaus lowered their target price on shares of Halliburton from $45.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Finally, Jefferies Financial Group cut their price objective on Halliburton from $47.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, September 24th.

Institutional Investors Weigh In On Halliburton

A number of institutional investors have recently modified their holdings of HAL. Cary Street Partners Asset Management LLC lifted its holdings in Halliburton by 56.5% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company's stock valued at $4,563,000 after purchasing an additional 56,707 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Halliburton by 146.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company's stock valued at $28,455,000 after purchasing an additional 500,000 shares during the period. Mackenzie Financial Corp grew its position in shares of Halliburton by 105.2% during the 2nd quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company's stock worth $6,316,000 after buying an additional 95,864 shares during the period. Pacer Advisors Inc. raised its holdings in Halliburton by 23.1% in the third quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company's stock worth $487,522,000 after purchasing an additional 3,150,986 shares during the period. Finally, Quest Partners LLC lifted its holdings in Halliburton by 2,418.9% during the third quarter. Quest Partners LLC now owns 78,387 shares of the oilfield services company's stock worth $2,277,000 after acquiring an additional 75,275 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Price Performance

Shares of NYSE:HAL traded up $0.54 on Thursday, reaching $27.73. 6,247,512 shares of the company were exchanged, compared to its average volume of 8,395,981. The company has a 50-day moving average of $29.03 and a 200-day moving average of $30.59. Halliburton has a 1-year low of $25.51 and a 1-year high of $41.56. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The firm has a market cap of $24.36 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 3.55 and a beta of 1.90.

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

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were given a $0.17 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.45%. Halliburton's dividend payout ratio is presently 23.69%.

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.