Vetr upgraded shares of Halliburton Co. (NYSE:HAL) from a hold rating to a buy rating in a research note released on Tuesday. The firm currently has $42.96 price target on the oilfield services company’s stock.

A number of other analysts have also recently commented on HAL. Johnson Rice restated an accumulate rating on shares of Halliburton in a research report on Monday, July 25th. Citigroup Inc. restated a buy rating on shares of Halliburton in a research report on Saturday, June 25th. Goldman Sachs Group Inc. restated a buy rating and issued a $46.00 price objective on shares of Halliburton in a research report on Wednesday, June 15th. Argus restated a buy rating and issued a $48.00 price objective (up from $38.00) on shares of Halliburton in a research report on Thursday, May 19th. Finally, Griffin Securities upgraded Halliburton from a neutral rating to a buy rating and set a $55.00 price objective for the company in a research report on Thursday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Halliburton currently has an average rating of Buy and an average price target of $46.65.

Shares of Halliburton (NYSE:HAL) opened at 41.04 on Tuesday. Halliburton has a 12-month low of $27.64 and a 12-month high of $46.90. The company’s 50-day moving average price is $43.79 and its 200 day moving average price is $41.20. The stock’s market cap is $35.34 billion.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Wednesday, July 20th. The oilfield services company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.05. The company earned $3.84 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Halliburton had a positive return on equity of 3.55% and a negative net margin of 30.50%. Halliburton’s quarterly revenue was down 35.2% on a year-over-year basis. During the same period last year, the business earned $0.44 earnings per share. On average, equities analysts predict that Halliburton will post ($0.17) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 7th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.75%. Halliburton’s payout ratio is -10.86%.

Hedge funds have recently bought and sold shares of the company. Manchester Capital Management LLC increased its position in shares of Halliburton by 0.4% in the second quarter. Manchester Capital Management LLC now owns 2,354 shares of the oilfield services company’s stock worth $107,000 after buying an additional 9 shares during the period. Point View Wealth Management Inc. increased its position in shares of Halliburton by 0.6% in the second quarter. Point View Wealth Management Inc. now owns 6,254 shares of the oilfield services company’s stock worth $283,000 after buying an additional 39 shares during the period. Pitcairn Co. increased its position in shares of Halliburton by 0.7% in the second quarter. Pitcairn Co. now owns 7,694 shares of the oilfield services company’s stock worth $349,000 after buying an additional 54 shares during the period. Alpha Windward LLC increased its position in shares of Halliburton by 1.6% in the second quarter. Alpha Windward LLC now owns 3,609 shares of the oilfield services company’s stock worth $163,000 after buying an additional 58 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in shares of Halliburton by 1.0% in the first quarter. Koshinski Asset Management Inc. now owns 7,405 shares of the oilfield services company’s stock worth $262,000 after buying an additional 75 shares during the period. 79.72% of the stock is owned by institutional investors.

Halliburton Company Profile

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.

5 Day Chart for NYSE:HAL

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Halliburton Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.