Halliburton (NYSE:HAL) Price Target Raised to $45.00
by Sarita Garza · The Markets DailyHalliburton (NYSE:HAL – Free Report) had its price objective boosted by Susquehanna from $40.00 to $45.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. Susquehanna currently has a positive rating on the oilfield services company’s stock.
A number of other research analysts also recently weighed in on HAL. The Goldman Sachs Group raised their target price on shares of Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Rothschild & Co Redburn lifted their price objective on shares of Halliburton from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. UBS Group lifted their price objective on shares of Halliburton from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Halliburton from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Finally, Citigroup lifted their price objective on shares of Halliburton from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.71.
Get Our Latest Research Report on HAL
Halliburton Stock Down 0.2%
Halliburton stock opened at $37.71 on Tuesday. The company has a market cap of $31.49 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 2.31 and a beta of 0.68. Halliburton has a 1-year low of $19.22 and a 1-year high of $41.18. The company has a fifty day simple moving average of $35.84 and a 200 day simple moving average of $30.46. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68.
Halliburton (NYSE:HAL – Get Free Report) last released its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.14. The business had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share. Research analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.
Halliburton Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, March 4th. Halliburton’s dividend payout ratio (DPR) is 45.03%.
Insider Buying and Selling
In other news, COO Jeffrey Shannon Slocum sold 5,441 shares of Halliburton stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $33.82, for a total value of $184,014.62. Following the completion of the transaction, the chief operating officer owned 187,423 shares of the company’s stock, valued at $6,338,645.86. This trade represents a 2.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Timothy Mckeon sold 3,846 shares of Halliburton stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $34.37, for a total transaction of $132,187.02. Following the completion of the transaction, the vice president directly owned 81,631 shares of the company’s stock, valued at approximately $2,805,657.47. This trade represents a 4.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 415,508 shares of company stock worth $15,291,882. Corporate insiders own 0.56% of the company’s stock.
Institutional Trading of Halliburton
Hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new stake in shares of Halliburton during the 3rd quarter worth about $25,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Halliburton during the 4th quarter worth about $25,000. Kelleher Financial Advisors acquired a new stake in shares of Halliburton during the 3rd quarter worth about $25,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Halliburton during the 2nd quarter worth about $25,000. Finally, Zions Bancorporation National Association UT lifted its stake in shares of Halliburton by 196.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after buying an additional 650 shares during the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.
Trending Headlines about Halliburton
Here are the key news stories impacting Halliburton this week:
- Positive Sentiment: Susquehanna raised its price target to $45, signaling stronger upside and aggressive confidence in Halliburton’s outlook; this is one of the largest broker upgrades in the past day and likely supports demand from growth-focused investors. Susquehanna Boosts Halliburton Price Target
- Positive Sentiment: Capital One increased its target to $41 and kept an overweight rating — a vote of confidence that reinforces upside expectations around $40-plus and may buoy buyers who follow that shop. Capital One Raises PT to $41
- Neutral Sentiment: UBS raised its price target to $39 but kept a neutral rating — a modest upgrade in valuation that doesn’t change the firm’s stance, so impact on flows may be limited. UBS Raises PT to $39
- Neutral Sentiment: Several sector comparison and analysis pieces review HAL versus peers and valuation after a strong one-year gain; useful for investors assessing whether earnings momentum or multiple expansion is priced in. Analyzing Halliburton and Competitors
- Neutral Sentiment: Long-form valuation coverage asks whether the stock still offers value after ~76% year-over-year upside — this may temper speculative buying as investors re-check fundamentals. Is There Still Value In Halliburton
- Negative Sentiment: Barclays cut its price target to $29 (equal weight), implying material downside versus current levels and likely contributing to selling pressure from more conservative investors. Barclays Lowers PT to $29
- Negative Sentiment: Market headlines and summaries noted a recent intraday decline (stock “sank” in coverage), reinforcing near-term negative momentum despite longer-term gains. HAL Stock Sinks As Market Gains Zacks Coverage
About Halliburton
Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.
The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.