Halliburton (HAL) Coverage Initiated by Analysts at Stephens

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Stephens assumed coverage on shares of Halliburton (NYSE:HAL) in a research note published on Friday, MarketBeat.com reports. The firm issued an overweight rating on the oilfield services company’s stock.

A number of other analysts have also recently commented on the company. Morgan Stanley started coverage on Halliburton in a research report on Tuesday, September 18th. They set an overweight rating and a $50.00 price objective for the company. JPMorgan Chase & Co. set a $60.00 price objective on Halliburton and gave the company a buy rating in a research report on Monday, September 17th. Credit Suisse Group set a $51.00 price objective on Halliburton and gave the company a buy rating in a research report on Thursday, September 6th. Wells Fargo & Co reiterated a buy rating on shares of Halliburton in a research report on Friday, September 7th. Finally, Raymond James reduced their price objective on Halliburton from $59.00 to $55.00 and set a strong-buy rating for the company in a research report on Tuesday, September 11th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $53.56.

Halliburton stock traded down $0.15 during mid-day trading on Friday, reaching $39.60. 7,750,654 shares of the stock traded hands, compared to its average volume of 8,868,158. The stock has a market cap of $35.66 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.72 and a current ratio of 2.24. Halliburton has a 12-month low of $35.75 and a 12-month high of $57.86.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, July 23rd. The oilfield services company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Halliburton had a net margin of 0.42% and a return on equity of 19.48%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. As a group, sell-side analysts predict that Halliburton will post 1.99 EPS for the current fiscal year.

In related news, Director Murry Gerber purchased 5,800 shares of the business’s stock in a transaction on Thursday, July 26th. The stock was acquired at an average price of $40.66 per share, with a total value of $235,828.00. Following the completion of the acquisition, the director now owns 60,961 shares of the company’s stock, valued at approximately $2,478,674.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James S. Brown sold 15,989 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $40.53, for a total value of $648,034.17. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Avestar Capital LLC boosted its stake in shares of Halliburton by 1,159.6% in the second quarter. Avestar Capital LLC now owns 2,368 shares of the oilfield services company’s stock worth $105,000 after acquiring an additional 2,180 shares during the period. Sun Life Financial INC boosted its stake in shares of Halliburton by 1,170.1% in the second quarter. Sun Life Financial INC now owns 2,375 shares of the oilfield services company’s stock worth $107,000 after acquiring an additional 2,188 shares during the period. McKinley Carter Wealth Services Inc. bought a new position in shares of Halliburton in the first quarter worth about $129,000. Squar Milner Financial Services LLC bought a new position in shares of Halliburton in the second quarter worth about $130,000. Finally, Banco de Sabadell S.A bought a new position in shares of Halliburton in the second quarter worth about $136,000. 78.84% of the stock is owned by institutional investors and hedge funds.

About Halliburton

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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Analyst Recommendations for Halliburton (NYSE:HAL)

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