Halliburton Company (NYSE:HAL) had its target price decreased by equities researchers at Seaport Global Securities to $67.00 in a research report issued to clients and investors on Monday. Seaport Global Securities’ price target points to a potential upside of 35.60% from the company’s current price.
A number of other equities research analysts also recently commented on the company. Tudor Pickering assumed coverage on Halliburton Company in a research report on Thursday. They issued a “buy” rating for the company. Scotiabank reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Halliburton Company in a research report on Wednesday, March 22nd. Citigroup Inc reaffirmed an “overweight” rating and issued a $64.00 price objective (up previously from $63.00) on shares of Halliburton Company in a research report on Saturday, March 11th. Zacks Investment Research downgraded Halliburton Company from a “buy” rating to a “hold” rating in a research report on Wednesday, March 8th. Finally, FBR & Co lifted their price objective on Halliburton Company from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $59.29.
Shares of Halliburton Company (NYSE:HAL) opened at 49.41 on Monday. Halliburton Company has a 52-week low of $33.26 and a 52-week high of $58.78. The firm’s market cap is $42.84 billion. The firm has a 50-day moving average price of $53.09 and a 200-day moving average price of $50.62.
Halliburton Company (NYSE:HAL) last announced its quarterly earnings data on Monday, January 23rd. The oilfield services company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The business earned $4.02 billion during the quarter, compared to the consensus estimate of $4.06 billion. Halliburton Company had a negative return on equity of 0.15% and a negative net margin of 36.28%. The business’s revenue for the quarter was down 20.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 earnings per share. Analysts predict that Halliburton Company will post $1.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 1st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, February 27th. Halliburton Company’s payout ratio is currently -10.75%.
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In other Halliburton Company news, insider Myrtle L. Jones sold 726 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $52.63, for a total transaction of $38,209.38. Following the sale, the insider now owns 15,418 shares in the company, valued at $811,449.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Jeffrey Allen Miller sold 3,166 shares of the company’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $56.19, for a total value of $177,897.54. Following the sale, the president now owns 301,188 shares in the company, valued at approximately $16,923,753.72. The disclosure for this sale can be found here. Insiders have sold 16,687 shares of company stock worth $941,485 in the last 90 days. 0.46% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Independent Advisor Alliance bought a new position in Halliburton Company during the fourth quarter valued at approximately $101,000. Israel Discount Bank of New York GFN bought a new position in Halliburton Company during the fourth quarter valued at approximately $100,000. Sowell Financial Services LLC bought a new position in Halliburton Company during the fourth quarter valued at approximately $117,000. IndexIQ Advisors LLC raised its position in Halliburton Company by 114.4% in the third quarter. IndexIQ Advisors LLC now owns 2,388 shares of the oilfield services company’s stock valued at $107,000 after buying an additional 1,274 shares during the period. Finally, FTB Advisors Inc. raised its position in Halliburton Company by 31.5% in the third quarter. FTB Advisors Inc. now owns 2,430 shares of the oilfield services company’s stock valued at $116,000 after buying an additional 582 shares during the period. 79.50% of the stock is owned by institutional investors.
Halliburton Company Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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