Halliburton Company (HAL) Lifted to “Hold” at ValuEngine

Halliburton Company (NYSE:HAL) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Saturday, July 22nd.

HAL has been the subject of a number of other research reports. BMO Capital Markets set a $67.00 target price on Halliburton and gave the company a “buy” rating in a report on Wednesday, April 12th. Royal Bank Of Canada set a $65.00 target price on Halliburton and gave the company a “buy” rating in a report on Saturday, June 24th. Credit Suisse Group set a $60.00 target price on Halliburton and gave the company a “buy” rating in a report on Monday, March 27th. Zacks Investment Research lowered Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Halliburton in a report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $59.60.

Halliburton (NYSE:HAL) traded up 0.78% on Friday, hitting $38.99. 8,868,248 shares of the stock traded hands. The stock has a 50-day moving average price of $42.27 and a 200 day moving average price of $47.14. The stock’s market cap is $33.98 billion. Halliburton has a 12-month low of $38.18 and a 12-month high of $58.78.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the firm posted ($0.14) EPS. The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. On average, equities analysts expect that Halliburton will post $1.12 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of HAL. Boltwood Capital Management increased its position in Halliburton by 4.4% in the first quarter. Boltwood Capital Management now owns 19,135 shares of the oilfield services company’s stock worth $941,000 after buying an additional 800 shares in the last quarter. CENTRAL TRUST Co increased its position in Halliburton by 71.3% in the first quarter. CENTRAL TRUST Co now owns 8,173 shares of the oilfield services company’s stock worth $402,000 after buying an additional 3,403 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Halliburton by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 750,981 shares of the oilfield services company’s stock worth $36,956,000 after buying an additional 24,253 shares in the last quarter. Atalanta Sosnoff Capital LLC increased its position in Halliburton by 43.5% in the first quarter. Atalanta Sosnoff Capital LLC now owns 577,885 shares of the oilfield services company’s stock worth $28,438,000 after buying an additional 175,103 shares in the last quarter. Finally, Park National Corp OH increased its position in Halliburton by 11.3% in the first quarter. Park National Corp OH now owns 102,811 shares of the oilfield services company’s stock worth $5,059,000 after buying an additional 10,429 shares in the last quarter. 78.54% of the stock is currently owned by institutional investors.

Halliburton Company Profile

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Halliburton (NYSE:HAL)

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