1 week Ago By Defense World Staff
Halliburton (NYSE:HAL – Free Report) had its price objective decreased by Citigroup from $33.00 to $31.00 in a research note issued to investors on Thursday morning,Benzinga reports.
Citigroup currently has a buy rating on the oilfield services company’s stock.A number of other research firms have also issued reports on HAL. Susquehanna dropped their price target on Halliburton from $32.
00 to $30.00 and set a “positive” rating for the company in a research report on Wednesday. JPMorgan Chase & Co.
cut their target price on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd.
Benchmark lowered their price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd.
Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Finally, Evercore ISI reduced their target price on shares of Halliburton from $43.00 to $35.
00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Halliburton presently has an average rating of “Moderate Buy” and an average target price of $34.
68.View Our Latest Stock Report on HALHalliburton Stock Down 1.7 %NYSE HAL opened at $20.
86 on Thursday. The business has a fifty day moving average price of $23.74 and a 200 day moving average price of $26.
78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.
54 and a current ratio of 2.05. The company has a market cap of $17.
98 billion, a P/E ratio of 7.37, a P/E/G ratio of 3.79 and a beta of 1.
45. Halliburton has a one year low of $18.72 and a one year high of $38.
89. Halliburton (NYSE:HAL – Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.
60 earnings per share for the quarter, hitting the consensus estimate of $0.60. Halliburton had a net margin of 10.
90% and a return on equity of 26.03%. The firm had revenue of $5.
42 billion for the quarter, compared to the consensus estimate of $5.28 billion. Research analysts anticipate that Halliburton will post 2.
64 EPS for the current fiscal year. Halliburton Announces DividendThe company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a dividend of $0.
17 per share. This represents a $0.68 annualized dividend and a yield of 3.
26%. The ex-dividend date was Wednesday, March 5th. Halliburton’s payout ratio is 28.
45%. Insider Buying and Selling at HalliburtonIn other Halliburton news, Director Margaret Katherine Banks sold 3,900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.
04, for a total value of $93,756.00. Following the completion of the transaction, the director now owns 10,551 shares of the company’s stock, valued at $253,646.
04. This trade represents a 26.99 % decrease in their position.
The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Eric Carre sold 141,206 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $26.
13, for a total transaction of $3,689,712.78. Following the completion of the transaction, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.
13. This trade represents a 52.63 % decrease in their position.
The disclosure for this sale can be found here. Insiders sold a total of 206,782 shares of company stock valued at $5,321,170 in the last three months. 0.
61% of the stock is owned by corporate insiders. Institutional Inflows and OutflowsHedge funds and other institutional investors have recently bought and sold shares of the stock. Mascagni Wealth Management Inc.
acquired a new stake in Halliburton in the 4th quarter valued at about $28,000. Horrell Capital Management Inc. purchased a new position in Halliburton in the fourth quarter worth approximately $33,000.
Sierra Ocean LLC acquired a new position in Halliburton during the 4th quarter worth approximately $36,000. Modus Advisors LLC purchased a new stake in shares of Halliburton in the 4th quarter valued at approximately $38,000. Finally, Vermillion Wealth Management Inc.
acquired a new stake in shares of Halliburton in the 4th quarter valued at $39,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.
About Halliburton (Get Free Report)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.
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