Brokerages Set Halliburton Company (NYSE:HAL) Price Target at $32.05

Halliburton Company (NYSE:HAL - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-two ratings firms that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $32.05.

HAL has been the subject of several recent research reports. Royal Bank Of Canada lowered their price objective on Halliburton from $28.00 to $24.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Piper Sandler lowered Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price objective for the company. in a research report on Monday, July 28th. Wells Fargo & Company reduced their price target on Halliburton from $28.00 to $26.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Stifel Nicolaus reduced their price target on Halliburton from $31.00 to $29.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Finally, Morgan Stanley reduced their price objective on Halliburton from $34.00 to $28.00 and set an "overweight" rating for the company in a report on Friday, May 16th.

Halliburton Trading Down 0.3%

Shares of NYSE:HAL traded down $0.06 during trading on Tuesday, reaching $22.25. 6,732,274 shares of the company traded hands, compared to its average volume of 9,990,366. The firm has a market capitalization of $18.97 billion, a price-to-earnings ratio of 10.40 and a beta of 1.10. Halliburton has a 52-week low of $18.72 and a 52-week high of $32.57. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. The business's fifty day moving average is $21.85 and its 200-day moving average is $21.95.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, meeting analysts' consensus estimates of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%.The firm had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The business's quarterly revenue was down 5.5% compared to the same quarter last year. As a group, analysts forecast that Halliburton will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, September 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 3.1%. Halliburton's payout ratio is currently 31.78%.

Institutional Trading of Halliburton

A number of large investors have recently added to or reduced their stakes in the company. Total Investment Management Inc. bought a new stake in Halliburton in the 2nd quarter worth approximately $36,000. Orion Porfolio Solutions LLC increased its position in shares of Halliburton by 14.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 49,745 shares of the oilfield services company's stock valued at $1,014,000 after purchasing an additional 6,437 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Halliburton by 15.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,027,443 shares of the oilfield services company's stock valued at $41,319,000 after purchasing an additional 264,736 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Halliburton during the 2nd quarter valued at approximately $360,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Halliburton in the 2nd quarter valued at $762,000. Institutional investors own 85.23% of the company's stock.

About Halliburton

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.