Seaport Global Securities set a $49.00 price target on Halliburton (NYSE:HAL) in a research note published on Tuesday, TipRanks reports. The brokerage currently has a buy rating on the oilfield services company’s stock.

A number of other brokerages also recently issued reports on HAL. Cowen raised shares of Halliburton from a market perform rating to an outperform rating and dropped their price target for the company from $45.00 to $35.00 in a report on Thursday, January 17th. Wells Fargo & Co reaffirmed a buy rating on shares of Halliburton in a report on Sunday, January 6th. Goldman Sachs Group started coverage on shares of Halliburton in a report on Sunday, March 10th. They set a buy rating and a $42.00 price target on the stock. Barclays set a $38.00 price target on shares of Halliburton and gave the company a buy rating in a report on Wednesday, January 23rd. Finally, Raymond James set a $45.00 price target on shares of Halliburton and gave the company a buy rating in a report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the stock. Halliburton presently has an average rating of Buy and an average price target of $44.71.

Shares of HAL stock opened at $31.15 on Tuesday. Halliburton has a one year low of $24.70 and a one year high of $54.91. The stock has a market cap of $27.17 billion, a P/E ratio of 16.39, a PEG ratio of 1.66 and a beta of 1.17. The company has a current ratio of 2.32, a quick ratio of 1.69 and a debt-to-equity ratio of 1.09.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, April 22nd. The oilfield services company reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. Halliburton had a net margin of 6.90% and a return on equity of 18.57%. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.53 billion. During the same period in the prior year, the firm posted $0.41 EPS. Halliburton’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts forecast that Halliburton will post 1.35 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Tuesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 37.89%.

In other news, CFO Lance Loeffler sold 5,926 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $28.35, for a total value of $168,002.10. Following the transaction, the chief financial officer now owns 55,885 shares in the company, valued at approximately $1,584,339.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC raised its stake in Halliburton by 8.4% during the 1st quarter. Flagship Harbor Advisors LLC now owns 4,392 shares of the oilfield services company’s stock worth $128,000 after acquiring an additional 342 shares during the period. Rehmann Capital Advisory Group raised its stake in Halliburton by 4.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 7,980 shares of the oilfield services company’s stock worth $212,000 after acquiring an additional 361 shares during the period. One Capital Management LLC raised its stake in Halliburton by 0.7% during the 4th quarter. One Capital Management LLC now owns 53,646 shares of the oilfield services company’s stock worth $1,426,000 after acquiring an additional 369 shares during the period. Tlwm raised its stake in Halliburton by 3.8% during the 4th quarter. Tlwm now owns 10,166 shares of the oilfield services company’s stock worth $307,000 after acquiring an additional 369 shares during the period. Finally, Welch & Forbes LLC raised its stake in Halliburton by 4.5% during the 4th quarter. Welch & Forbes LLC now owns 9,000 shares of the oilfield services company’s stock worth $239,000 after acquiring an additional 390 shares during the period. Hedge funds and other institutional investors own 80.94% of the company’s stock.

Halliburton Company Profile

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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Analyst Recommendations for Halliburton (NYSE:HAL)

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