Halliburton Company (NYSE:HAL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Halliburton Company (NYSE:HAL) have been given a consensus recommendation of “Moderate Buy” by the twenty-two research firms that are covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $31.3684.

A number of brokerages have recently weighed in on HAL. Stifel Nicolaus lowered their price target on Halliburton from $31.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Halliburton in a research note on Saturday, September 27th. Piper Sandler lowered Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Monday, July 28th. Barclays reduced their price objective on shares of Halliburton from $26.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, July 23rd. Finally, Susquehanna lowered their target price on shares of Halliburton from $30.00 to $27.00 and set a “positive” rating on the stock in a research note on Wednesday, July 23rd.

Institutional Trading of Halliburton

A number of hedge funds and other institutional investors have recently modified their holdings of HAL. Aaron Wealth Advisors LLC bought a new position in Halliburton during the third quarter valued at about $233,000. GAMMA Investing LLC lifted its holdings in Halliburton by 11.0% in the 3rd quarter. GAMMA Investing LLC now owns 17,813 shares of the oilfield services company’s stock valued at $438,000 after acquiring an additional 1,762 shares during the last quarter. Park National Corp OH lifted its holdings in Halliburton by 4.4% in the 3rd quarter. Park National Corp OH now owns 327,386 shares of the oilfield services company’s stock valued at $8,054,000 after acquiring an additional 13,833 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Halliburton by 10.3% during the 2nd quarter. Corient Private Wealth LLC now owns 122,856 shares of the oilfield services company’s stock valued at $2,504,000 after purchasing an additional 11,439 shares in the last quarter. Finally, Caldwell Trust Co acquired a new position in shares of Halliburton in the 2nd quarter worth approximately $64,000. Institutional investors own 85.23% of the company’s stock.

Halliburton Trading Down 0.3%

Shares of HAL opened at $24.31 on Friday. Halliburton has a one year low of $18.72 and a one year high of $32.57. The stock has a 50-day moving average price of $22.42 and a 200 day moving average price of $21.85. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.47 and a current ratio of 2.00. The company has a market capitalization of $20.72 billion, a P/E ratio of 11.36 and a beta of 1.02.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.55. Halliburton had a net margin of 8.37% and a return on equity of 21.45%. The firm had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.43 billion. During the same period in the prior year, the company posted $0.80 earnings per share. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. Sell-side analysts forecast that Halliburton will post 2.64 EPS for the current fiscal year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.68 annualized dividend and a yield of 2.8%. Halliburton’s payout ratio is presently 31.78%.

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.