Halliburton (NYSE:HAL) Price Target Lowered to $22.00 at Barclays

Halliburton (NYSE:HAL - Get Free Report) had its price objective decreased by stock analysts at Barclays from $26.00 to $22.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the oilfield services company's stock. Barclays's target price would suggest a potential upside of 2.88% from the company's current price.

Several other research firms have also weighed in on HAL. Susquehanna dropped their price target on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley dropped their target price on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. The Goldman Sachs Group dropped their target price on Halliburton from $27.00 to $24.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Hsbc Global Res upgraded Halliburton to a "hold" rating in a research note on Wednesday, April 23rd. Finally, Citigroup decreased their price target on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Halliburton has an average rating of "Moderate Buy" and an average price target of $32.61.

Halliburton Stock Up 1.0%

Shares of Halliburton stock opened at $21.39 on Wednesday. The stock's fifty day moving average is $21.15 and its 200-day moving average is $23.37. The firm has a market capitalization of $18.39 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 3.35 and a beta of 1.13. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 0.69. Halliburton has a 12-month low of $18.72 and a 12-month high of $34.97.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.43 billion. Halliburton had a return on equity of 24.01% and a net margin of 9.31%. Halliburton's quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. Equities analysts anticipate that Halliburton will post 2.64 earnings per share for the current year.

Institutional Trading of Halliburton

A number of hedge funds have recently modified their holdings of HAL. Envestnet Portfolio Solutions Inc. lifted its position in shares of Halliburton by 21.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,228 shares of the oilfield services company's stock worth $251,000 after acquiring an additional 1,615 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Halliburton in the 4th quarter worth approximately $455,000. American Century Companies Inc. lifted its position in shares of Halliburton by 36.7% in the 4th quarter. American Century Companies Inc. now owns 1,938,092 shares of the oilfield services company's stock worth $52,697,000 after acquiring an additional 519,886 shares during the period. Sei Investments Co. lifted its position in shares of Halliburton by 18.2% during the 4th quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock worth $7,584,000 after buying an additional 42,876 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Halliburton by 36.1% during the 4th quarter. LPL Financial LLC now owns 641,066 shares of the oilfield services company's stock worth $17,431,000 after buying an additional 170,053 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.