Analysts Set Halliburton Company (NYSE:HAL) Price Target at $32.05

Shares of Halliburton Company (NYSE:HAL) have earned a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $32.05.

Several brokerages have recently weighed in on HAL. Morgan Stanley reduced their price target on Halliburton from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Friday, May 16th. Susquehanna decreased their price objective on shares of Halliburton from $30.00 to $27.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Wells Fargo & Company decreased their price objective on shares of Halliburton from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Barclays decreased 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, Piper Sandler lowered shares of Halliburton from an “overweight” rating to a “neutral” rating and set a $25.00 price objective for the company. in a report on Monday, July 28th.

Halliburton Trading Down 1.2%

Shares of NYSE HAL opened at $22.34 on Tuesday. 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 business’s 50 day moving average price is $21.84 and its 200-day moving average price is $22.01. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 10.44 and a beta of 1.10.

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

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 3.0%. Halliburton’s dividend payout ratio (DPR) is presently 31.78%.

Institutional Investors Weigh In On Halliburton

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAL. Mascagni Wealth Management Inc. bought a new stake in shares of Halliburton in the 4th quarter valued at about $28,000. Stone House Investment Management LLC bought a new stake in shares of Halliburton in the 1st quarter valued at about $30,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Halliburton in the 2nd quarter valued at about $25,000. Hexagon Capital Partners LLC boosted its position in Halliburton by 87.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 656 shares in the last quarter. Finally, Vermillion Wealth Management Inc. bought a new stake in Halliburton during the 4th quarter valued at $39,000. Institutional investors own 85.23% of the company’s stock.

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.