Halliburton (NYSE:HAL) Price Target Raised to $36.00

Halliburton (NYSE:HAL) had its target price raised by BMO Capital Markets from $31.00 to $36.00 in a report released on Monday morning,MarketScreener reports. They currently have a market perform rating on the oilfield services company’s stock.

HAL has been the topic of several other research reports. UBS Group lifted their price objective on Halliburton from $24.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Citigroup upped their price target on shares of Halliburton from $31.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Zacks Research upgraded shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Thursday, October 23rd. Morgan Stanley set a $34.00 target price on shares of Halliburton in a research note on Monday, December 15th. Finally, Cowen reissued a “buy” rating on shares of Halliburton in a research note on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.57.

Halliburton Trading Down 0.8%

Shares of NYSE HAL traded down $0.25 during midday trading on Monday, reaching $32.79. 9,752,877 shares of the stock were exchanged, compared to its average volume of 18,015,135. The business has a 50-day simple moving average of $28.19 and a two-hundred day simple moving average of $24.74. The company has a market capitalization of $27.60 billion, a price-to-earnings ratio of 21.72 and a beta of 0.78. Halliburton has a 12 month low of $18.72 and a 12 month high of $33.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.43.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. As a group, equities research analysts expect that Halliburton will post 2.64 EPS for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Wednesday, December 3rd were issued a $0.17 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. Halliburton’s dividend payout ratio (DPR) is presently 45.03%.

Insider Activity at Halliburton

In other Halliburton news, insider Mark Richard sold 160,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total value of $4,443,200.00. Following the completion of the transaction, the insider directly owned 452,374 shares in the company, valued at $12,562,425.98. This trade represents a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Van H. Beckwith sold 8,854 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $27.89, for a total value of $246,938.06. Following the transaction, the executive vice president directly owned 333,528 shares in the company, valued at $9,302,095.92. This trade represents a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 268,854 shares of company stock valued at $7,915,138. 0.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Halliburton

A number of institutional investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in Halliburton in the third quarter valued at $25,000. Kelleher Financial Advisors bought a new stake in shares of Halliburton in the 3rd quarter valued at about $25,000. Newbridge Financial Services Group Inc. acquired a new stake in Halliburton in the 2nd quarter valued at about $25,000. Strive Asset Management LLC bought a new position in Halliburton during the third quarter worth about $31,000. Finally, Root Financial Partners LLC acquired a new position in Halliburton during the third quarter worth approximately $32,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton promoted Casey Maxwell to president, Western Hemisphere (effective Feb. 1), a leadership move framed as continuity and deeper regional operational experience that could help execution in key markets such as the Permian and Argentina. Halliburton Appoints New Western Hemisphere President
• Positive Sentiment: An analyst raised HAL’s price target to $36, signalling bullish analyst sentiment that can support further upside if results and guidance meet expectations. Analyst raises Halliburton (HAL) price target to $36
• Positive Sentiment: Momentum: HAL recently hit a 52-week high, reflecting improving market sentiment and investor appetite for oilfield services exposure amid resilient oil & gas activity. Halliburton stock hits 52-week high at 33.04 USD
• Positive Sentiment: Street expectations: Zacks and others flag that Halliburton appears positioned to beat Q4 estimates (revenue and EPS), which could be a catalyst if the upcoming release confirms upside. Halliburton (HAL) Expected to Beat Earnings Estimates
• Neutral Sentiment: Geopolitical/operational update: The FT reports Halliburton expects a speedy return to Venezuela and downplays risks — this could unlock new revenue but carries execution and sanction-related risks that investors should watch. Halliburton expects speedy return to Venezuela and plays down risks
• Neutral Sentiment: Upcoming catalyst: Halliburton is scheduled to report quarterly results this week — the print and any guidance will likely be the primary near-term driver of the share price. Halliburton (HAL) to Release Quarterly Earnings on Wednesday
• Negative Sentiment: Insider/insider-related activity: A report notes Representative Gilbert Ray Cisneros Jr. sold HAL shares — such filings can spook short-term sentiment even if not material to company fundamentals. Halliburton (NYSE:HAL) Stock Unloaded Rep. Gilbert Ray Cisneros, Jr.

About Halliburton

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.