Halliburton (NYSE:HAL) Stock Rating Reaffirmed by Susquehanna

Halliburton (NYSE:HAL)‘s stock had its “positive” rating reiterated by equities research analysts at Susquehanna in a note issued to investors on Monday, Benzinga reports. They presently have a $49.00 target price on the oilfield services company’s stock. Susquehanna’s price objective would indicate a potential upside of 19.57% from the stock’s previous close.

A number of other research firms have also recently commented on HAL. StockNews.com upgraded Halliburton from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank of Canada reissued an “outperform” rating and set a $45.00 target price on shares of Halliburton in a research report on Wednesday, January 24th. TD Cowen raised their price target on shares of Halliburton from $49.00 to $51.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Raymond James lowered their price objective on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Finally, Atb Cap Markets downgraded Halliburton from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 22nd. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $48.53.

Halliburton Stock Up 0.0 %

NYSE:HAL opened at $40.98 on Monday. The company’s 50-day simple moving average is $36.77 and its 200-day simple moving average is $37.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.48 and a current ratio of 2.06. Halliburton has a fifty-two week low of $27.84 and a fifty-two week high of $43.85. The stock has a market capitalization of $36.32 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.03 and a beta of 2.00.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.78 billion. During the same period last year, the firm earned $0.72 earnings per share. Halliburton’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Halliburton will post 3.43 earnings per share for the current fiscal year.

Insider Activity at Halliburton

In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now owns 759,015 shares in the company, valued at approximately $26,793,229.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now directly owns 9,625 shares in the company, valued at approximately $339,762.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the completion of the transaction, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Institutional Trading of Halliburton

Several institutional investors have recently bought and sold shares of HAL. Capital World Investors grew its position in shares of Halliburton by 0.4% in the fourth quarter. Capital World Investors now owns 121,551,234 shares of the oilfield services company’s stock valued at $4,394,077,000 after purchasing an additional 479,877 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Halliburton by 15.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,852,271 shares of the oilfield services company’s stock worth $1,512,961,000 after buying an additional 5,660,862 shares during the last quarter. Sanders Capital LLC increased its stake in Halliburton by 3.4% during the 4th quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock worth $850,927,000 after buying an additional 782,093 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Halliburton by 1.5% during the first quarter. Geode Capital Management LLC now owns 18,691,333 shares of the oilfield services company’s stock valued at $590,048,000 after acquiring an additional 271,718 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Halliburton by 65.5% in the fourth quarter. Morgan Stanley now owns 17,217,776 shares of the oilfield services company’s stock valued at $677,520,000 after acquiring an additional 6,815,373 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

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.