Halliburton Stock Rating Reaffirmed by TheStreet (HAL)
Halliburton (NYSE: HAL)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a report issued on Tuesday.
The analysts wrote, “Halliburton Company (HAL) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Halliburton traded up 0.30% on Tuesday, hitting $42.1243. Halliburton has a 1-year low of $26.28 and a 1-year high of $43.96. The stock’s 50-day moving average is currently $40.77. The company has a market cap of $39.252 billion and a price-to-earnings ratio of 14.78.
Halliburton last issued its quarterly earnings data on Friday, January 25th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.05. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Halliburton will post $3.02 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Halliburton in a research note to investors on Thursday, March 7th. They now have a $45.00 price target on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Halliburton in a research note to investors on Friday, March 1st. They now have a $49.00 price target on the stock. Finally, analysts at JPMorgan Chase upgraded shares of Halliburton to an “overweight” rating in a research note to investors on Tuesday, February 19th.
Twenty-four investment analysts have rated the stock with a buy rating, four have given an overweight rating, and seven have assigned a hold rating to the company’s stock. Halliburton has an average rating of “overweight” and a consensus target price of $48.75.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Monday, March 4th. This is a positive change from Halliburton’s previous quarterly dividend of $0.09.
Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.
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