According to a report from Bloomberg.com, Halliburton (NYSE:HAL) has received an average rating of “Buy” from the fifteen analysts covering the company. Out of these analysts, fourteen have given the stock a buy recommendation, while one analyst has assigned a strong buy recommendation. The average twelve-month price target among brokerages that have issued reports on the stock in the past year is $48.21.
In terms of recent developments, it was revealed that CFO Eric Carre sold 66,589 shares of Halliburton stock in a transaction on Friday, July 7th. The shares were sold at an average price of $35.00, resulting in a total value of $2,330,615.00. Following this sale, Carre now owns 128,619 shares of the company’s stock valued at $4,501,665. This transaction was disclosed in a document filed with the Securities & Exchange Commission (SEC).
Additionally, SVP Jill D. Sharp sold 15,333 shares of Halliburton stock on Monday, September 11th at an average price of $42.00 per share. The total value of this sale amounted to $643,986. After the sale, Sharp now directly holds 45,078 shares of the company’s stock valued at approximately $1,893,276.
Insider trading activity within Halliburton has seen substantial movement over the past 90 days as insiders have collectively sold 202,599 shares worth $7,777,309. Currently, company insiders hold 0.60% of the company’s stock.
In its most recent quarterly earnings report released on Wednesday Njuly 19thd), Halliburton reported earnings per share (EPS) of $0.77 for the quarter – surpassing analysts’ consensus estimate by $0.02-. The oilfield services company generated revenue of $5.80 billion during the same period, slightly lower than analysts’ expectations of $5.85 billion. Halliburton’s quarterly revenue increased by 14.3% compared to the previous year’s quarter. The company also demonstrated a return on equity of 31.01% and a net margin of 10.98%. In the corresponding quarter of the previous year, Halliburton earned $0.49 EPS.
Equities research analysts are predicting that Halliburton will report an EPS of 3.04 for the current year.
For more information and updates on Halliburton’s stock performance, investors can refer to the latest stock report available for viewing on Bloomberg.com.
Overall, these developments and financial results provide insight into Halliburton’s recent activities and outlook for future growth in the oilfield services industry.
Leggett & Platt, Incorporated
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
We did not find social sentiment data for this stock
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Analyzing Halliburton’s Performance and Investor Sentiment
In recent months, there has been much discussion surrounding the performance of oilfield services company, Halliburton. Analysts from various research firms have shared their perspectives on the company, shedding light on its current standing and potential future direction.
HSBC, for instance, recently reduced their price objective on Halliburton shares from $57.00 to $50.00 while maintaining a “buy” rating for the company. This adjustment came as part of a research report released on July 21st. Similarly, Barclays decreased their price objective from $58.00 to $49.00 in a research note published on July 20th.
On the other hand, Morgan Stanley reiterated an “overweight” rating for Halliburton and set a price objective of $45.00 in their research report on August 1st. These assessments highlight the divergence of opinions among industry experts, adding to the perplexity surrounding Halliburton’s prospects.
Adding further complexity to the mix is Capital One Financial’s coverage initiation of Halliburton back in June 2023. The financial institution assigned an “overweight” rating and set a target price of $41.00 for the stock.
In terms of institutional investments, several hedge funds and other investors have made notable moves involving Halliburton shares. Sei Investments Co., for example, increased its position by an impressive 259.5% during the first quarter of this year.
Canada Pension Plan Investment Board also boosted its holdings in Halliburton by 70.5% during the same period. Meanwhile, Prudential PLC entered a new position and purchased shares worth around $696,000.
The overall sentiment seems divided when it comes to assessing Halliburton’s performance and future potential as an investment opportunity. Such differences in opinion can be attributed to factors like market volatility and fluctuating oil prices that impact oilfield services companies directly.
As per trading data from September 15, 2023, Halliburton shares opened at $42.21. The company currently boasts a robust current ratio of 2.14 and a quick ratio of 1.53, indicating its strong liquidity position. It also has a debt-to-equity ratio of 0.91, suggesting moderate financial leverage.
With a market capitalization of $37.93 billion, Halliburton is no small player in the industry. Its price-to-earnings (PE) ratio stands at 15.52 and its price-to-earnings growth (PEG) ratio is at an impressive 0.68, reflecting positive investor sentiment.
The stock’s beta of 2.18 indicates that it is relatively more volatile compared to the overall market trends, which adds another layer of complexity for investors to consider.
Halliburton’s performance over the past year has been noteworthy as well, with its share price ranging from a low of $23.30 to a high of $43.42 during this period.
In conclusion, the diverse opinions expressed by research firms and institutional investors regarding Halliburton’s future prospects make it challenging to ascertain the company’s trajectory with certainty. However, considering its strong liquidity position and positive indicators like PE and PEG ratios, Halliburton may continue to attract investor interest in the near term. Nonetheless, potential investors should remain vigilant and evaluate all available information before making any investment decisions involving Halliburton stock.
Disclosure: This article contains factual information about Halliburton based on publicly available sources; it should not be considered financial advice or recommendation for investing in the company’s stock. Readers are encouraged to conduct their own research and consult with a financial advisor before making any investment decisions.