Stifel Nicolaus Has Lowered Expectations for Halliburton (NYSE:HAL) Stock Price

Halliburton (NYSE:HAL) had its price objective lowered by equities research analysts at Stifel Nicolaus from $32.00 to $31.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the oilfield services company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 43.74% from the company’s previous close.

Several other equities analysts have also commented on the company. Wells Fargo & Company upped their target price on Halliburton from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, June 5th. UBS Group cut their price target on Halliburton from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 2nd. The Goldman Sachs Group cut their price objective on Halliburton from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Barclays dropped their price target on Halliburton from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Finally, Susquehanna dropped their price target on Halliburton from $32.00 to $30.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $33.47.

Halliburton Trading Up 1.5%

NYSE:HAL opened at $21.57 on Wednesday. The stock’s 50 day moving average price is $21.13 and its 200 day moving average price is $23.47. The company has a market capitalization of $18.54 billion, a PE ratio of 9.02, a P/E/G ratio of 3.36 and a beta of 1.13. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.69. Halliburton has a 52-week low of $18.72 and a 52-week high of $37.08.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. On average, research analysts anticipate that Halliburton will post 2.64 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HAL. Mascagni Wealth Management Inc. bought a new position in Halliburton during the 4th quarter worth about $28,000. Stone House Investment Management LLC acquired a new stake in shares of Halliburton in the first quarter valued at approximately $30,000. Horrell Capital Management Inc. acquired a new stake in shares of Halliburton in the fourth quarter valued at approximately $33,000. Hexagon Capital Partners LLC increased its stake in Halliburton by 87.4% in the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 656 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in Halliburton in the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Company Profile

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.