Halliburton (NYSE:HAL) Price Target Increased to $48.00 by Analysts at Susquehanna Bancshares

Halliburton (NYSE:HALGet Rating) had its price objective increased by equities research analysts at Susquehanna Bancshares from $45.00 to $48.00 in a research note issued on Wednesday, Stock Target Advisor reports. Susquehanna Bancshares’ price objective suggests a potential upside of 16.19% from the company’s current price.

Several other brokerages also recently commented on HAL. Stifel Nicolaus boosted their price objective on shares of Halliburton from $32.00 to $42.00 in a research report on Friday, April 8th. Wells Fargo & Company boosted their price objective on shares of Halliburton from $30.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, March 31st. TheStreet upgraded shares of Halliburton from a “c” rating to a “b-” rating in a report on Monday, January 24th. BMO Capital Markets upped their price target on shares of Halliburton from $29.00 to $32.00 and gave the stock a “market perform” rating in a report on Tuesday, January 25th. Finally, Susquehanna upped their price target on shares of Halliburton from $45.00 to $48.00 in a report on Wednesday. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $34.41.

Shares of HAL opened at $41.31 on Wednesday. Halliburton has a one year low of $17.82 and a one year high of $42.60. The company has a market cap of $37.20 billion, a P/E ratio of 25.34 and a beta of 2.42. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.31 and a quick ratio of 1.76. The firm has a 50 day simple moving average of $36.11 and a two-hundred day simple moving average of $29.06.

Halliburton (NYSE:HALGet Rating) last announced its quarterly earnings data on Tuesday, April 19th. The oilfield services company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Halliburton had a net margin of 9.53% and a return on equity of 16.76%. The business had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the business earned $0.19 earnings per share. The company’s revenue was up 24.1% on a year-over-year basis. On average, analysts expect that Halliburton will post 1.83 earnings per share for the current fiscal year.

In other Halliburton news, VP Timothy Mckeon sold 4,900 shares of the company’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $41.00, for a total transaction of $200,900.00. Following the sale, the vice president now owns 43,782 shares of the company’s stock, valued at $1,795,062. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Charles Jr. Geer sold 3,500 shares of the company’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $35.00, for a total transaction of $122,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 344,184 shares of company stock worth $12,754,986. 0.61% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rather & Kittrell Inc. acquired a new position in shares of Halliburton during the fourth quarter valued at about $25,000. City State Bank acquired a new position in shares of Halliburton during the fourth quarter valued at about $25,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Halliburton during the third quarter valued at about $26,000. MCF Advisors LLC raised its holdings in shares of Halliburton by 265.3% during the third quarter. MCF Advisors LLC now owns 1,472 shares of the oilfield services company’s stock valued at $32,000 after purchasing an additional 1,069 shares during the period. Finally, UMB Bank N A MO acquired a new position in shares of Halliburton during the fourth quarter valued at about $37,000. 75.98% of the stock is currently owned by institutional investors and hedge funds.

About Halliburton (Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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