Halliburton (NYSE:HAL) rose 6.4% during mid-day trading on Monday . The stock traded as high as $20.00 and last traded at $19.61, approximately 28,124,024 shares traded hands during mid-day trading. An increase of 134% from the average daily volume of 12,037,223 shares. The stock had previously closed at $18.43.
HAL has been the subject of several research reports. Wells Fargo & Co reissued a “buy” rating on shares of Halliburton in a research report on Friday, October 11th. ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group reduced their price target on shares of Halliburton from $33.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, July 23rd. Cowen reissued an “outperform” rating and issued a $35.00 price target (up previously from $33.00) on shares of Halliburton in a research report on Tuesday, July 23rd. Finally, Piper Jaffray Companies set a $26.00 price target on shares of Halliburton and gave the company a “buy” rating in a research report on Monday, July 1st. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Halliburton currently has a consensus rating of “Buy” and an average target price of $35.57.
The company has a current ratio of 2.26, a quick ratio of 1.59 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $17.12 billion, a PE ratio of 10.32, a P/E/G ratio of 2.29 and a beta of 1.37. The stock’s fifty day simple moving average is $19.28 and its 200-day simple moving average is $22.69.
Halliburton (NYSE:HAL) last posted its quarterly earnings data on Monday, October 21st. The oilfield services company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03). The firm had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.82 billion. Halliburton had a return on equity of 13.76% and a net margin of 5.58%. Halliburton’s revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. As a group, analysts anticipate that Halliburton will post 1.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Tuesday, September 3rd. Halliburton’s dividend payout ratio (DPR) is currently 37.89%.
In related news, Director William E. Albrecht purchased 8,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average cost of $19.35 per share, with a total value of $154,800.00. Following the acquisition, the director now owns 16,000 shares of the company’s stock, valued at $309,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of HAL. Asset Planning Services Ltd. grew its holdings in shares of Halliburton by 903.2% during the second quarter. Asset Planning Services Ltd. now owns 1,254 shares of the oilfield services company’s stock worth $29,000 after purchasing an additional 1,129 shares in the last quarter. Meridian Wealth Management LLC purchased a new position in shares of Halliburton during the second quarter worth about $32,000. Prestige Wealth Management Group LLC purchased a new position in shares of Halliburton during the second quarter worth about $34,000. Meeder Asset Management Inc. grew its holdings in shares of Halliburton by 179.8% during the third quarter. Meeder Asset Management Inc. now owns 1,796 shares of the oilfield services company’s stock worth $34,000 after purchasing an additional 1,154 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Halliburton during the second quarter worth about $45,000. 77.61% of the stock is currently owned by institutional investors.
Halliburton Company Profile (NYSE:HAL)
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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