UBS Group Cuts Halliburton (NYSE:HAL) Price Target to $20.00

Halliburton (NYSE:HAL - Get Free Report) had its price target decreased by investment analysts at UBS Group from $21.00 to $20.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the oilfield services company's stock. UBS Group's price target points to a potential downside of 10.97% from the company's previous close.

Several other equities research analysts have also recently weighed in on HAL. Citigroup decreased their price objective on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Barclays decreased their price target on Halliburton from $26.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday. Morgan Stanley dropped their price objective on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Wells Fargo & Company decreased their target price on Halliburton from $28.00 to $26.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Hsbc Global Res upgraded Halliburton to a "hold" rating in a report on Wednesday, April 23rd. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Halliburton presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.61.

Halliburton Trading Up 0.2%

Shares of HAL stock traded up $0.05 on Wednesday, hitting $22.47. The company had a trading volume of 15,727,914 shares, compared to its average volume of 14,436,213. Halliburton has a twelve month low of $18.72 and a twelve month high of $34.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.46 and a current ratio of 2.00. The firm has a market cap of $19.31 billion, a P/E ratio of 10.50, a P/E/G ratio of 3.79 and a beta of 1.13. The stock's 50-day moving average is $21.22 and its two-hundred day moving average is $23.24.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $5.51 billion for the quarter, compared to analysts' expectations of $5.43 billion. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The firm's revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. On average, equities research analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in Halliburton by 450.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 29,941,771 shares of the oilfield services company's stock valued at $759,623,000 after buying an additional 24,506,472 shares during the last quarter. Norges Bank bought a new stake in shares of Halliburton in the 4th quarter worth $299,986,000. AQR Capital Management LLC grew its stake in shares of Halliburton by 217.4% in the 1st quarter. AQR Capital Management LLC now owns 4,641,111 shares of the oilfield services company's stock worth $116,770,000 after acquiring an additional 3,178,746 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Halliburton in the first quarter valued at about $72,637,000. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Halliburton by 15.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company's stock valued at $437,587,000 after purchasing an additional 2,171,722 shares in the last quarter. 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.