Halliburton (NYSE:HAL) Earns “Buy” Rating from Benchmark

Halliburton (NYSE:HAL)‘s stock had its “buy” rating reiterated by stock analysts at Benchmark in a research report issued on Friday,Benzinga reports. They presently have a $40.00 price objective on the oilfield services company’s stock. Benchmark’s price objective would indicate a potential upside of 36.85% from the company’s current price.

HAL has been the topic of a number of other reports. Wells Fargo & Company decreased their price target on Halliburton from $46.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 25th. Barclays lowered their target price on Halliburton from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Susquehanna lowered their price objective on shares of Halliburton from $46.00 to $42.00 and set a “positive” rating for the company in a research note on Friday, October 11th. Dbs Bank initiated coverage on shares of Halliburton in a research note on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price on the stock. Finally, UBS Group reduced their target price on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.79.

Halliburton Trading Down 1.1 %

NYSE:HAL traded down $0.32 on Friday, reaching $29.23. The company’s stock had a trading volume of 9,742,008 shares, compared to its average volume of 8,816,506. Halliburton has a 12-month low of $27.26 and a 12-month high of $41.56. The stock has a 50 day moving average price of $29.10 and a 200 day moving average price of $32.53. The firm has a market cap of $25.81 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 2.01 and a beta of 1.89. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.83 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. On average, equities analysts anticipate that Halliburton will post 3.12 EPS for the current fiscal year.

Institutional Trading of Halliburton

A number of large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. raised its holdings in shares of Halliburton by 2.1% in the second quarter. First Horizon Advisors Inc. now owns 14,027 shares of the oilfield services company’s stock valued at $474,000 after buying an additional 295 shares during the last quarter. Beacon Capital Management LLC raised its stake in Halliburton by 28.8% during the 1st quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company’s stock valued at $54,000 after acquiring an additional 309 shares during the last quarter. Guinness Atkinson Asset Management Inc raised its stake in Halliburton by 3.1% during the 2nd quarter. Guinness Atkinson Asset Management Inc now owns 10,847 shares of the oilfield services company’s stock valued at $366,000 after acquiring an additional 330 shares during the last quarter. Moody National Bank Trust Division lifted its position in Halliburton by 2.9% during the 2nd quarter. Moody National Bank Trust Division now owns 11,842 shares of the oilfield services company’s stock worth $400,000 after acquiring an additional 336 shares during the period. Finally, Northwest Bank & Trust Co grew its stake in shares of Halliburton by 3.2% in the 3rd quarter. Northwest Bank & Trust Co now owns 12,979 shares of the oilfield services company’s stock valued at $377,000 after purchasing an additional 397 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

About Halliburton

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.