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Friday, July 24, 2015

Halliburton Company Given Average Recommendation of “Buy” by Analysts (NYSE:HAL)

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July 24:

Shares of Halliburton Company (NYSE:HAL) have been given an average rating of “Buy” by the thirty-five ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $56.46.

In other Halliburton Company news, President Jeffrey Allen Miller sold 6,000 shares of Halliburton Company stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $50.00, for a total transaction of $300,000.00. The transaction was disclosed in a filing with the SEC.

Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated a “buy” rating and set a $62.00 price target (up previously from $60.00) on shares of Halliburton Company in a research note on Thursday. Analysts at Sterne Agee CRT reiterated a “buy” rating on shares of Halliburton Company in a research note on Wednesday. Analysts at Societe Generale raised their price target on shares of Halliburton Company from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday. Analysts at Jefferies Group lowered their price target on shares of Halliburton Company to $55.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, analysts at Argus raised their price target on shares of Halliburton Company from $55.00 to $56.00 and gave the company a “buy” rating in a research note on Wednesday.

Shares of Halliburton Company (NYSE:HAL) traded down 0.52% on Friday, hitting $42.11. 1,923,523 shares of the company’s stock traded hands. Halliburton Company has a one year low of $37.21 and a one year high of $74.33. The stock has a 50-day moving average of $43.23 and a 200-day moving average of $43.65. The company has a market cap of $35.88 billion and a price-to-earnings ratio of 23.74.

Halliburton Company (NYSE:HAL) last posted its quarterly earnings results on Monday, July 20th. The oilfield services company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.15. The company had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter last year, the company posted $0.91 earnings per share. Halliburton Company’s revenue was down 26.5% compared to the same quarter last year. Analysts expect that Halliburton Company will post $1.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Monday, August 31st. Halliburton Company is an oilfield services company. The Company is a provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It serves national and independent oil and natural gas companies worldwide and operates in two segments: Completion and Production segment, and Drilling and Evaluation segment. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation and precise wellbore placement solutions that enable customers to model and measure their well construction activities. The Company conducts business around the world in approximately 80 countries. The Company is also a provider of geosciences consultancy services.


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