Halliburton (HAL) Given a $65.00 Price Target at Guggenheim

Guggenheim set a $65.00 price target on Halliburton (NYSE:HAL) in a report published on Tuesday. The firm currently has a buy rating on the oilfield services company’s stock.

A number of other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Halliburton from a hold rating to a buy rating and set a $54.00 price target on the stock in a research report on Tuesday, December 26th. Bank of America downgraded shares of Halliburton from a buy rating to a neutral rating and set a $50.00 price target on the stock. in a research report on Monday, February 26th. Barclays set a $66.00 price target on shares of Halliburton and gave the stock a buy rating in a research report on Tuesday, January 23rd. Cowen restated a hold rating and set a $60.00 price target on shares of Halliburton in a research report on Tuesday, January 23rd. Finally, ValuEngine downgraded shares of Halliburton from a hold rating to a sell rating in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Halliburton currently has a consensus rating of Buy and an average target price of $58.79.

HAL stock opened at $51.37 on Tuesday. Halliburton has a 52 week low of $38.18 and a 52 week high of $57.86. The stock has a market cap of $45,539.06, a price-to-earnings ratio of 42.11, a P/E/G ratio of 2.63 and a beta of 1.06. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.72 and a current ratio of 2.22.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Monday, April 23rd. The oilfield services company reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. Halliburton had a negative net margin of 1.74% and a positive return on equity of 15.87%. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the previous year, the firm earned $0.04 EPS. Halliburton’s revenue was up 34.1% on a year-over-year basis. research analysts expect that Halliburton will post 2.48 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, March 6th. Halliburton’s dividend payout ratio (DPR) is currently 59.02%.

Institutional investors have recently added to or reduced their stakes in the company. IFG Advisory LLC purchased a new position in shares of Halliburton in the fourth quarter worth approximately $253,000. Calton & Associates Inc. purchased a new position in shares of Halliburton in the fourth quarter worth approximately $128,000. Cerebellum GP LLC purchased a new position in shares of Halliburton in the fourth quarter worth approximately $131,000. Icon Wealth Partners LLC purchased a new position in shares of Halliburton in the fourth quarter worth approximately $147,000. Finally, Nicolet Bankshares Inc. purchased a new position in shares of Halliburton in the fourth quarter worth approximately $193,000. 80.25% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Halliburton (NYSE:HAL)

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