Halliburton (NYSE:HAL) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Halliburton (NYSE:HAL) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Other equities research analysts have also issued research reports about the company. The Goldman Sachs Group lifted their target price on Halliburton from $46.00 to $48.00 in a research report on Tuesday, April 23rd. Barclays cut their price objective on shares of Halliburton from $55.00 to $54.00 and set an overweight rating on the stock in a research report on Wednesday, January 24th. Morgan Stanley lifted their price target on shares of Halliburton from $45.00 to $50.00 and gave the company an overweight rating in a research note on Tuesday, April 23rd. TD Cowen boosted their price target on shares of Halliburton from $47.00 to $48.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. Finally, UBS Group raised their price objective on Halliburton from $46.00 to $51.00 and gave the company a buy rating in a report on Tuesday, April 23rd. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Halliburton presently has a consensus rating of Moderate Buy and a consensus price target of $48.59.

Halliburton Stock Up 0.1 %

Shares of NYSE HAL traded up $0.02 during mid-day trading on Tuesday, reaching $36.73. 3,898,978 shares of the company’s stock were exchanged, compared to its average volume of 7,029,810. The company has a current ratio of 2.12, a quick ratio of 1.52 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $38.05 and a 200 day simple moving average of $37.27. Halliburton has a twelve month low of $27.84 and a twelve month high of $43.85. The firm has a market capitalization of $32.51 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.92 and a beta of 2.01.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. During the same period in the previous year, the firm posted $0.72 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts expect that Halliburton will post 3.39 EPS for the current fiscal year.

Insider Buying and Selling at Halliburton

In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the sale, the chief executive officer now directly owns 759,015 shares in the company, valued at $26,793,229.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total value of $176,500.00. Following the transaction, the director now directly owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Halliburton

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nvwm LLC raised its holdings in shares of Halliburton by 1.2% during the 3rd quarter. Nvwm LLC now owns 22,759 shares of the oilfield services company’s stock worth $922,000 after buying an additional 259 shares in the last quarter. Stratos Wealth Advisors LLC lifted its holdings in shares of Halliburton by 3.6% in the third quarter. Stratos Wealth Advisors LLC now owns 7,605 shares of the oilfield services company’s stock worth $308,000 after acquiring an additional 263 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Halliburton by 2.3% in the 3rd quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company’s stock valued at $485,000 after purchasing an additional 268 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Halliburton by 2.6% in the 3rd quarter. Avantax Advisory Services Inc. now owns 10,875 shares of the oilfield services company’s stock valued at $440,000 after purchasing an additional 280 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Halliburton by 4.0% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 7,439 shares of the oilfield services company’s stock valued at $301,000 after purchasing an additional 289 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

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.