Halliburton (NYSE:HAL) Price Target Cut to $21.00 by Analysts at UBS Group

Halliburton (NYSE:HAL - Get Free Report) had its price objective decreased by equities researchers at UBS Group from $22.00 to $21.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the oilfield services company's stock. UBS Group's price target suggests a potential downside of 2.28% from the company's current price.

Other equities analysts have also issued reports about the stock. Susquehanna reduced their target price on shares of Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company raised their price objective on Halliburton from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Morgan Stanley cut their price target on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Finally, Barclays decreased their price objective on Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.53.

Halliburton Trading Down 1.0%

Shares of HAL stock traded down $0.22 on Wednesday, reaching $21.49. 7,314,256 shares of the company's stock were exchanged, compared to its average volume of 11,335,905. The company's fifty day simple moving average is $20.79 and its 200 day simple moving average is $23.84. Halliburton has a 52 week low of $18.72 and a 52 week high of $37.08. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $18.48 billion, a PE ratio of 8.99, a P/E/G ratio of 3.31 and a beta of 1.13.

Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. As a group, analysts forecast that Halliburton will post 2.64 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HAL. Proficio Capital Partners LLC acquired a new position in shares of Halliburton during the fourth quarter valued at about $4,084,000. US Bancorp DE grew its position in Halliburton by 5.9% during the 4th quarter. US Bancorp DE now owns 157,502 shares of the oilfield services company's stock worth $4,282,000 after purchasing an additional 8,780 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Halliburton by 34.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,542 shares of the oilfield services company's stock valued at $122,000 after purchasing an additional 1,159 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Halliburton by 392.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 8,159 shares of the oilfield services company's stock worth $222,000 after buying an additional 6,501 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Halliburton by 64.9% during the fourth quarter. Jones Financial Companies Lllp now owns 24,659 shares of the oilfield services company's stock worth $670,000 after buying an additional 9,709 shares during the period. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

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.