Barclays Lowers Halliburton (NYSE:HAL) Price Target to $30.00

Halliburton (NYSE:HAL) had its target price lowered by stock analysts at Barclays from $32.00 to $30.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the oilfield services company’s stock. Barclays‘s price objective indicates a potential upside of 5.03% from the stock’s previous close.

HAL has been the topic of several other research reports. Susquehanna reduced their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. UBS Group lowered Halliburton from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Evercore ISI reduced their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 15th. Jefferies Financial Group lowered their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley reduced their price target on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.11.

Halliburton Trading Down 3.3 %

NYSE:HAL opened at $28.56 on Thursday. Halliburton has a one year low of $25.51 and a one year high of $41.56. The business’s 50-day simple moving average is $28.89 and its 200 day simple moving average is $30.04. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The stock has a market cap of $25.09 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 3.72 and a beta of 1.91.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter last year, the firm posted $0.79 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts predict that Halliburton will post 2.99 earnings per share for the current fiscal year.

Institutional Trading of Halliburton

Hedge funds and other institutional investors have recently modified their holdings of the company. Foster Victor Wealth Advisors LLC grew its holdings in Halliburton by 14.8% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 523,390 shares of the oilfield services company’s stock worth $15,649,000 after acquiring an additional 67,495 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Halliburton by 4.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 83,077 shares of the oilfield services company’s stock valued at $2,259,000 after purchasing an additional 3,287 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock worth $503,856,000 after purchasing an additional 1,748,763 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Halliburton in the 4th quarter worth approximately $351,000. Finally, Blue Trust Inc. lifted its stake in Halliburton by 17.3% during the fourth quarter. Blue Trust Inc. now owns 16,000 shares of the oilfield services company’s stock valued at $465,000 after purchasing an additional 2,359 shares during the last quarter. 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.