Vetr upgraded shares of Halliburton Co. (NYSE:HAL) from a hold rating to a buy rating in a report published on Tuesday morning. Vetr currently has $42.96 price target on the oilfield services company’s stock.
HAL has been the topic of several other research reports. Societe Generale lowered Halliburton from a buy rating to a hold rating and boosted their price target for the stock from $46.00 to $50.00 in a research report on Monday, July 18th. Howard Weil boosted their target price on Halliburton from $37.00 to $45.00 and gave the stock a sector perform rating in a report on Wednesday, June 15th. Nomura reissued a buy rating and set a $53.00 target price on shares of Halliburton in a report on Thursday, July 21st. Simmons boosted their target price on Halliburton from $48.00 to $60.00 and gave the stock an overweight rating in a report on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. reissued a buy rating and set a $46.00 target price on shares of Halliburton in a report on Wednesday, June 15th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Halliburton currently has a consensus rating of Buy and an average price target of $46.65.
Shares of Halliburton (NYSE:HAL) traded up 0.22% during trading on Tuesday, reaching $41.04. The company’s stock had a trading volume of 716,510 shares. The stock’s 50 day moving average price is $43.38 and its 200 day moving average price is $41.72. The company’s market cap is $35.34 billion. Halliburton has a 52 week low of $27.64 and a 52 week high of $46.90.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.76 billion. Halliburton had a positive return on equity of 3.55% and a negative net margin of 30.50%. The business’s quarterly revenue was down 35.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. Equities research analysts predict that Halliburton will post ($0.17) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 7th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, September 2nd. Halliburton’s dividend payout ratio (DPR) is presently -10.86%.
Institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors raised its stake in Halliburton by 2.5% in the second quarter. Capital Research Global Investors now owns 57,462,943 shares of the oilfield services company’s stock valued at $2,602,497,000 after buying an additional 1,426,237 shares in the last quarter. Vanguard Group Inc. raised its stake in Halliburton by 2.0% in the second quarter. Vanguard Group Inc. now owns 53,056,563 shares of the oilfield services company’s stock valued at $2,402,932,000 after buying an additional 1,024,207 shares in the last quarter. State Street Corp raised its stake in Halliburton by 1.1% in the second quarter. State Street Corp now owns 40,360,728 shares of the oilfield services company’s stock valued at $1,827,936,000 after buying an additional 449,869 shares in the last quarter. Capital World Investors raised its stake in Halliburton by 13.4% in the second quarter. Capital World Investors now owns 29,055,680 shares of the oilfield services company’s stock valued at $1,315,932,000 after buying an additional 3,440,198 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Halliburton by 38.2% in the first quarter. Franklin Resources Inc. now owns 27,932,069 shares of the oilfield services company’s stock valued at $997,742,000 after buying an additional 7,714,584 shares in the last quarter. Institutional investors own 79.64% of the company’s stock.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
To view Vetr’s full report, visit Vetr’s official website.
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