Halliburton - HAL Stock Forecast, Price & News

Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning. This segment also provides electrical submersible pumps, as well as artificial lift services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; oilfield completion, production, and downstream water and process treatment chemicals and services; drilling systems and services; wireline and perforating services consists of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.

Analysts Set New Price Targets

Several brokerages have commented on HAL. Barclays upped their target price on shares of Halliburton from $50.00 to $53.00 and gave the company an "overweight" rating in a research note on Wednesday, June 8th. The Goldman Sachs Group lowered their price target on Halliburton from $46.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, July 13th. Royal Bank of Canada lifted their price objective on Halliburton from $45.00 to $49.00 in a report on Wednesday, April 20th. TheStreet downgraded shares of Halliburton from a "b-" rating to a "c+" rating in a report on Wednesday, April 27th. Finally, Morgan Stanley reduced their price target on shares of Halliburton from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 13th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $39.53.

Halliburton Stock Down 0.1 %

Halliburton stock opened at $29.55 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.15 and a quick ratio of 1.60. The company's 50-day moving average is $31.27 and its 200-day moving average is $34.42. The firm has a market capitalization of $26.80 billion, a PE ratio of 18.58 and a beta of 2.15. Halliburton has a fifty-two week low of $17.82 and a fifty-two week high of $43.99.

Halliburton (NYSE:HAL - Get Rating) last released its quarterly earnings data on Tuesday, July 19th. The oilfield services company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. Halliburton had a return on equity of 19.91% and a net margin of 8.19%. The firm had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same quarter in the prior year, the company earned $0.26 earnings per share. The business's revenue for the quarter was up 36.9% compared to the same quarter last year. Sell-side analysts anticipate that Halliburton will post 2.01 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 1st were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.62%. Halliburton's dividend payout ratio (DPR) is 30.19%.

Insider Activity

In other news, EVP Lawrence J. Pope sold 10,000 shares of the firm's stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $40.95, for a total transaction of $409,500.00. Following the completion of the sale, the executive vice president now owns 273,342 shares in the company, valued at approximately $11,193,354.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Halliburton news, EVP Lawrence J. Pope sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $40.95, for a total transaction of $409,500.00. Following the completion of the sale, the executive vice president now directly owns 273,342 shares in the company, valued at $11,193,354.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joe D. Rainey sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $42.73, for a total value of $854,600.00. Following the completion of the transaction, the insider now directly owns 310,014 shares in the company, valued at approximately $13,246,898.22. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock valued at $1,663,600 over the last ninety days. 0.57% of the stock is currently owned by company insiders.