Halliburton Company (NYSE:HAL) Stock Has Average Price Target of $43.86 According to Analysts

Key Points

• Analyst sentiment is moderately positive: 18 of 24 analysts rate Halliburton a buy, five recommend hold, and one recommends sell. The average one-year price target is $43.86.
• Halliburton beat quarterly estimates, reporting EPS of $0.60 versus $0.58 expected and revenue of $5.70 billion versus $5.58 billion; revenue rose 1.8% year over year.
• COO Jeffrey Slocum sold 52,572 shares under a pre-arranged trading plan, reducing his holdings by 30.69%. The company’s quarterly dividend equates to $0.68 annually, a 2.1% yield.

Halliburton Company (NYSE:HAL - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-four research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $43.86.

A number of brokerages have recently commented on HAL. BMO Capital Markets set a $37.00 target price on shares of Halliburton in a research note on Wednesday, July 22nd. Royal Bank Of Canada upped their price target on shares of Halliburton from $45.00 to $46.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 21st. Piper Sandler decreased their price target on shares of Halliburton from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday, October 19th. Barclays lowered their price target on Halliburton from $53.00 to $51.00 and set an "overweight" rating for the company in a report on Wednesday, October 21st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Halliburton in a research report on Friday, October 2nd.

Insider Activity

In other news, COO Jeffrey Slocum sold 52,572 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at approximately $4,166,235.70. This trade represents a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.57% of the company's stock.

Institutional Trading of Halliburton

Large investors have recently bought and sold shares of the company. Kilter Group LLC acquired a new position in shares of Halliburton during the second quarter worth $26,000. Meeder Asset Management Inc. acquired a new stake in Halliburton during the 2nd quarter valued at $26,000. Silvant Capital Management LLC acquired a new stake in Halliburton during the 2nd quarter valued at $28,000. Matrix Trust Co acquired a new stake in Halliburton during the 2nd quarter valued at $29,000. Finally, Reyes Financial Architecture Inc. purchased a new stake in Halliburton during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Stock Performance

NYSE HAL opened at $31.86 on Friday. The firm has a market capitalization of $26.35 billion, a P/E ratio of 13.33, a P/E/G ratio of 1.84 and a beta of 0.76. Halliburton has a 1-year low of $24.92 and a 1-year high of $43.59. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.02 and a quick ratio of 1.48. The business's 50-day simple moving average is $34.10 and its 200-day simple moving average is $35.76.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.02. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.58 billion. During the same quarter in the prior year, the company earned $0.58 EPS. The company's revenue was up 1.8% on a year-over-year basis. Equities analysts predict that Halliburton will post 2.33 EPS for the current year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. Halliburton's dividend payout ratio is presently 28.45%.

About Halliburton

Halliburton Company NYSE: HAL is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.

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