Halliburton (NYSE:HAL) Rating Lowered to Neutral at UBS Group

Halliburton (NYSE:HAL) was downgraded by research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. They presently have a $34.00 price target on the oilfield services company’s stock, down from their prior price target of $36.00. UBS Group’s price target would indicate a potential upside of 16.98% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Royal Bank of Canada cut Halliburton from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $44.00 to $37.00 in a research note on Friday, September 13th. Barclays lowered their price objective on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Halliburton in a research report on Friday, November 8th. Jefferies Financial Group dropped their price target on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Finally, Dbs Bank initiated coverage on Halliburton in a research report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price objective for the company. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average target price of $40.58.

Halliburton Trading Down 0.1 %

HAL opened at $29.07 on Monday. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The firm has a market cap of $25.53 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 3.56 and a beta of 1.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The firm’s fifty day moving average is $29.87 and its two-hundred day moving average is $31.48.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the previous year, the business posted $0.79 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that Halliburton will post 3 EPS for the current year.

Hedge Funds Weigh In On Halliburton

A number of institutional investors have recently bought and sold shares of HAL. Country Trust Bank bought a new position in shares of Halliburton during the 3rd quarter worth approximately $36,000. Continuum Advisory LLC lifted its holdings in Halliburton by 101.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after purchasing an additional 698 shares during the last quarter. ORG Wealth Partners LLC bought a new position in Halliburton during the third quarter worth $44,000. Venturi Wealth Management LLC increased its holdings in shares of Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after purchasing an additional 412 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company’s stock valued at $51,000 after purchasing an additional 393 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.