Barclays Analysts Give Halliburton (NYSE:HAL) a $66.00 Price Target

Halliburton (NYSE:HAL) received a $66.00 target price from analysts at Barclays in a note issued to investors on Tuesday, January 23rd. The firm presently has a “buy” rating on the oilfield services company’s stock. Barclays’ price objective indicates a potential upside of 41.33% from the company’s previous close.

HAL has been the subject of several other research reports. Loop Capital reissued a “buy” rating and set a $57.00 price target (down previously from $62.00) on shares of Halliburton in a research report on Tuesday, October 24th. Scotiabank reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Halliburton in a research report on Wednesday, October 25th. Cowen set a $50.00 price objective on Halliburton and gave the company a “hold” rating in a research report on Friday, October 6th. Jefferies Group set a $57.00 price objective on Halliburton and gave the company a “buy” rating in a research report on Thursday, January 4th. Finally, Deutsche Bank initiated coverage on Halliburton in a research report on Tuesday, October 10th. They set a “buy” rating and a $54.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Halliburton has a consensus rating of “Buy” and an average target price of $59.73.

Halliburton (NYSE:HAL) opened at $46.70 on Tuesday. The stock has a market capitalization of $40,747.67, a price-to-earnings ratio of -88.11, a P/E/G ratio of 2.23 and a beta of 0.97. Halliburton has a 1-year low of $38.18 and a 1-year high of $57.86. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.63 billion. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. Halliburton’s revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 earnings per share. analysts predict that Halliburton will post 2.62 EPS for the current year.

In related news, VP Anne L. Beaty sold 1,245 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $51.50, for a total value of $64,117.50. Following the completion of the transaction, the vice president now directly owns 60,839 shares of the company’s stock, valued at approximately $3,133,208.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lawrence J. Pope sold 9,100 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $41.35, for a total value of $376,285.00. Following the completion of the transaction, the executive vice president now directly owns 180,646 shares of the company’s stock, valued at $7,469,712.10. The disclosure for this sale can be found here. Insiders have sold 164,507 shares of company stock worth $8,380,429 in the last 90 days. 0.46% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in HAL. Balyasny Asset Management LLC lifted its position in shares of Halliburton by 7,314.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 3,750,668 shares of the oilfield services company’s stock valued at $160,191,000 after acquiring an additional 3,700,084 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Halliburton by 3,294.9% during the 2nd quarter. Janus Henderson Group PLC now owns 3,784,359 shares of the oilfield services company’s stock valued at $161,631,000 after acquiring an additional 3,672,887 shares during the last quarter. Sanders Capital LLC acquired a new stake in shares of Halliburton during the 4th quarter valued at $163,920,000. Beutel Goodman & Co Ltd. acquired a new stake in shares of Halliburton during the 4th quarter valued at $118,644,000. Finally, BlackRock Inc. lifted its position in shares of Halliburton by 3.9% during the 4th quarter. BlackRock Inc. now owns 63,837,947 shares of the oilfield services company’s stock valued at $3,119,761,000 after acquiring an additional 2,421,658 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Barclays Analysts Give Halliburton (NYSE:HAL) a $66.00 Price Target” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://stocknewstimes.com/2018/02/11/halliburton-hal-pt-set-at-66-00-by-barclays.html.

Halliburton Company Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

Analyst Recommendations for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply