Halliburton (HAL) Receives Consensus Rating of “Buy” from Brokerages
Shares of Halliburton (NYSE:HAL) have earned a consensus recommendation of “Buy” from the twenty-eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $44.95.
Several research firms have recently commented on HAL. Wells Fargo & Co restated a “buy” rating on shares of Halliburton in a report on Sunday, January 6th. UBS Group set a $42.00 price target on Halliburton and gave the stock a “buy” rating in a report on Thursday, December 20th. Royal Bank of Canada set a $48.00 price target on Halliburton and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Zacks Investment Research reiterated a “hold” rating on shares of Halliburton in a report on Monday, December 31st. Finally, Piper Jaffray Companies set a $33.00 price target on Halliburton and gave the stock a “hold” rating in a report on Monday, December 17th.
In other Halliburton news, VP Anne L. Beaty sold 2,548 shares of the business’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $29.48, for a total value of $75,115.04. Following the transaction, the vice president now owns 56,663 shares of the company’s stock, valued at $1,670,425.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Anne L. Beaty sold 1,300 shares of the business’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $28.50, for a total value of $37,050.00. Following the completion of the transaction, the vice president now directly owns 58,848 shares in the company, valued at approximately $1,677,168. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.
Shares of NYSE HAL traded down $0.42 during midday trading on Friday, hitting $28.05. 256,894 shares of the stock traded hands, compared to its average volume of 9,946,190. The company has a market cap of $24.51 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of 1.73 and a beta of 1.18. Halliburton has a one year low of $24.70 and a one year high of $54.91. The company has a quick ratio of 1.69, a current ratio of 2.32 and a debt-to-equity ratio of 1.09.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, January 22nd. The oilfield services company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.87 billion. Halliburton had a return on equity of 18.57% and a net margin of 6.90%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. On average, equities research analysts anticipate that Halliburton will post 1.4 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be given a $0.18 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $0.72 annualized dividend and a yield of 2.57%. Halliburton’s dividend payout ratio is currently 37.89%.
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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