Halliburton (NYSE:HAL) Given New $30.00 Price Target at Barclays

Halliburton (NYSE:HAL) had its target price reduced by Barclays from $32.00 to $30.00 in a research report released on Thursday,Benzinga reports. They currently have an equal weight rating on the oilfield services company’s stock.

Several other research firms have also commented on HAL. Jefferies Financial Group reduced their price objective on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Benchmark restated a “buy” rating and set a $40.00 price target on shares of Halliburton in a research note on Friday, November 8th. JPMorgan Chase & Co. decreased their price objective on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $36.00 to $34.00 in a research report on Monday, December 9th. Finally, Griffin Securities downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Trading Down 1.5 %

NYSE:HAL opened at $28.05 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The firm has a 50-day simple moving average of $28.89 and a 200-day simple moving average of $30.04. Halliburton has a one year low of $25.51 and a one year high of $41.56. The firm has a market cap of $24.64 billion, a P/E ratio of 9.77, a P/E/G ratio of 3.72 and a beta of 1.91.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The business’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. Equities analysts anticipate that Halliburton will post 2.99 EPS for the current fiscal year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Wednesday, December 4th. Halliburton’s payout ratio is 23.69%.

Institutional Investors Weigh In On Halliburton

A number of institutional investors have recently added to or reduced their stakes in the stock. Country Trust Bank acquired a new position in Halliburton during the third quarter worth $36,000. Continuum Advisory LLC increased its stake in shares of Halliburton by 101.2% during the third quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after purchasing an additional 698 shares in the last quarter. Modus Advisors LLC acquired a new position in shares of Halliburton during the 4th quarter worth about $38,000. ORG Wealth Partners LLC purchased a new position in Halliburton in the 3rd quarter valued at about $44,000. Finally, Mattson Financial Services LLC acquired a new stake in Halliburton in the 2nd quarter worth about $54,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Company Profile

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.