Halliburton (NYSE:HAL) had its price objective lowered by equities researchers at Morgan Stanley from $40.00 to $36.00 in a research note issued on Friday, BenzingaRatingsTable reports. The firm presently has an “overweight” rating on the oilfield services company’s stock. Morgan Stanley’s price objective points to a potential upside of 51.58% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on HAL. SunTrust Banks set a $75.00 price target on Cimarex Energy and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Barclays set a $192.00 price objective on Tesla and gave the company a “sell” rating in a research note on Tuesday, April 9th. UBS Group set a $36.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Citigroup reissued a “buy” rating and set a $25.00 price objective on shares of Propetro in a research note on Tuesday, July 2nd. Finally, Piper Jaffray Companies set a $40.00 price target on Schlumberger and gave the stock a “buy” rating in a research note on Monday, July 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $43.00.
Shares of HAL stock opened at $23.75 on Friday. The stock has a 50-day moving average price of $22.42. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.57 and a current ratio of 2.22. The firm has a market capitalization of $20.76 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 3.06 and a beta of 1.30. Halliburton has a 12 month low of $20.98 and a 12 month high of $45.60.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, April 22nd. The oilfield services company reported $0.23 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.23. Halliburton had a return on equity of 16.26% and a net margin of 7.34%. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same period last year, the company earned $0.41 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, analysts expect that Halliburton will post 1.33 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Ellis Investment Partners LLC purchased a new position in shares of Halliburton during the 1st quarter worth approximately $25,000. Paragon Capital Management LLC purchased a new position in shares of Halliburton during the 1st quarter worth approximately $29,000. American Research & Management Co. purchased a new position in shares of Halliburton during the 1st quarter worth approximately $29,000. Barnett & Company Inc. purchased a new position in shares of Halliburton during the 1st quarter worth approximately $29,000. Finally, Mascoma Wealth Management LLC purchased a new position in shares of Halliburton during the 1st quarter worth approximately $30,000. Institutional investors own 77.37% of the company’s stock.
Halliburton Company Profile
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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