Halliburton Company (NYSE:HAL) was upgraded by equities researchers at Vetr from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a $62.72 target price on the oilfield services company's stock. Vetr's price objective would indicate a potential upside of 16.78% from the company's current price.
HAL has been the topic of several other reports. BMO Capital Markets set a $67.00 price target on Halliburton Company and gave the stock a "buy" rating in a research report on Tuesday, January 24th. Zacks Investment Research upgraded Halliburton Company from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a research report on Monday, November 21st. Citigroup Inc dropped their price objective on Halliburton Company from $65.00 to $63.00 and set a "buy" rating for the company in a report on Wednesday, January 25th. Societe Generale reiterated a "buy" rating and issued a $58.00 price objective on shares of Halliburton Company in a report on Sunday, October 23rd. Finally, Scotiabank upgraded Halliburton Company to a "buy" rating and set a $62.00 price objective for the company in a report on Thursday, December 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the stock. Halliburton Company has an average rating of "Buy" and a consensus target price of $58.05.
Halliburton Company (NYSE:HAL) opened at 53.71 on Monday, MarketBeat.com reports. The company has a 50 day moving average price of $55.78 and a 200-day moving average price of $48.85. The firm's market capitalization is $46.56 billion. Halliburton Company has a 1-year low of $29.27 and a 1-year high of $58.78.
Halliburton Company (NYSE:HAL) last posted its quarterly earnings results on Monday, January 23rd. The oilfield services company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Halliburton Company had a negative return on equity of 0.15% and a negative net margin of 36.28%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period last year, the company earned $0.31 EPS. Halliburton Company's revenue for the quarter was down 20.9% compared to the same quarter last year. On average, analysts forecast that Halliburton Company will post $1.19 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Wednesday, March 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.34%. Halliburton Company's dividend payout ratio is -10.75%.
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In other Halliburton Company news, Director Murry Gerber bought 5,390 shares of the business's stock in a transaction dated Friday, February 10th. The shares were purchased at an average price of $57.11 per share, with a total value of $307,822.90. Following the completion of the purchase, the director now owns 51,358 shares in the company, valued at approximately $2,933,055.38. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Myrtle L. Jones sold 874 shares of the company's stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $58.04, for a total value of $50,726.96. Following the transaction, the insider now directly owns 19,810 shares in the company, valued at approximately $1,149,772.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,539 shares of company stock worth $6,075,338. Insiders own 0.46% of the company's stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advantage Investment Management LLC acquired a new position in Halliburton Company during the fourth quarter worth approximately $230,000. Thrivent Financial for Lutherans boosted its position in Halliburton Company by 117.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,242,380 shares of the oilfield services company's stock worth $67,205,000 after buying an additional 669,930 shares in the last quarter. IFM Investors Pty Ltd acquired a new position in Halliburton Company during the fourth quarter worth approximately $595,000. LeJeune Puetz Investment Counsel LLC acquired a new position in Halliburton Company during the fourth quarter worth approximately $724,000. Finally, Independent Advisor Alliance acquired a new position in Halliburton Company during the fourth quarter worth approximately $101,000. 79.50% of the stock is currently owned by hedge funds and other institutional investors.
Halliburton Company Company Profile
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company's Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.