Halliburton (NYSE:HAL) PT Raised to $48.00 at The Goldman Sachs Group

Halliburton (NYSE:HAL) had its price target hoisted by The Goldman Sachs Group from $46.00 to $48.00 in a report released on Tuesday. The Goldman Sachs Group’s price target would indicate a potential upside of 23.97% from the company’s current price.

Several other equities research analysts also recently weighed in on HAL. Susquehanna reissued a “positive” rating and set a $49.00 price objective on shares of Halliburton in a report on Monday, April 8th. Raymond James reduced their price target on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $45.00 price objective on shares of Halliburton in a report on Wednesday, January 24th. Barclays reduced their target price on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Finally, Morgan Stanley raised their price target on shares of Halliburton from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $48.82.

Halliburton Stock Up 0.3 %

Shares of NYSE HAL opened at $38.72 on Tuesday. The company has a market cap of $34.32 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.99 and a beta of 2.00. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.81. Halliburton has a 12 month low of $27.84 and a 12 month high of $43.85. The stock has a 50-day moving average price of $37.75 and a two-hundred day moving average price of $37.40.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. The business had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same period in the prior year, the company earned $0.72 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, analysts forecast that Halliburton will post 3.42 earnings per share for the current fiscal year.

Insider Transactions at Halliburton

In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares of the company’s stock, valued at approximately $339,762.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey Allen Miller sold 377,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Institutional Trading of Halliburton

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MCF Advisors LLC increased its stake in Halliburton by 5.3% during the 3rd quarter. MCF Advisors LLC now owns 4,643 shares of the oilfield services company’s stock valued at $188,000 after purchasing an additional 232 shares in the last quarter. Arcadia Investment Management Corp MI increased its stake in Halliburton by 0.7% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 37,010 shares of the oilfield services company’s stock valued at $1,499,000 after purchasing an additional 250 shares in the last quarter. Nvwm LLC increased its stake in Halliburton by 1.2% during the 3rd quarter. Nvwm LLC now owns 22,759 shares of the oilfield services company’s stock valued at $922,000 after purchasing an additional 259 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in Halliburton by 3.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 7,605 shares of the oilfield services company’s stock valued at $308,000 after purchasing an additional 263 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its stake in Halliburton by 2.3% during the 3rd quarter. Lake Street Advisors Group LLC now owns 11,972 shares of the oilfield services company’s stock valued at $485,000 after purchasing an additional 268 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

About Halliburton

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.