Halliburton (NYSE:HAL) has been assigned a $60.00 price target by Jefferies Group in a research report issued on Monday. The brokerage presently has a “buy” rating on the oilfield services company’s stock. Jefferies Group’s target price would suggest a potential upside of 16.80% from the stock’s previous close.
A number of other analysts have also recently issued reports on HAL. Barclays restated a “buy” rating and set a $64.00 price objective on shares of Halliburton in a research report on Thursday, April 19th. Zacks Investment Research upgraded Halliburton from a “sell” rating to a “hold” rating in a research report on Wednesday, April 18th. Bank of America boosted their price objective on Halliburton from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, April 18th. Atlantic Securities upgraded Halliburton from an “underweight” rating to a “neutral” rating in a research report on Monday, January 29th. Finally, Cowen set a $54.00 price objective on Halliburton and gave the company a “hold” rating in a research report on Thursday, March 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $58.79.
HAL opened at $51.37 on Monday. The company has a market cap of $45,460.32, a PE ratio of 42.11, a PEG ratio of 2.61 and a beta of 1.06. 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 has a 1 year low of $38.18 and a 1 year high of $57.86.
A number of institutional investors have recently bought and sold shares of HAL. Calton & Associates Inc. acquired a new position in Halliburton in the fourth quarter worth $128,000. Cerebellum GP LLC acquired a new position in Halliburton in the fourth quarter worth $131,000. Icon Wealth Partners LLC acquired a new position in Halliburton in the fourth quarter worth $147,000. Nicolet Bankshares Inc. acquired a new position in Halliburton in the fourth quarter worth $193,000. Finally, Compton Capital Management Inc. RI acquired a new position in Halliburton in the fourth quarter worth $202,000. 80.25% of the stock is currently owned by institutional investors.
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Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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