Halliburton (NYSE:HAL) Shares Gap Up to $18.87

Halliburton (NYSE:HAL) shares gapped up before the market opened on Monday . The stock had previously closed at $18.41, but opened at $18.87. Halliburton shares last traded at $19.33, with a volume of 12,973,369 shares changing hands.

HAL has been the topic of a number of analyst reports. Morgan Stanley decreased their price objective on Halliburton from $40.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Cowen reaffirmed an “outperform” rating and set a $35.00 price objective (up previously from $33.00) on shares of Halliburton in a research note on Tuesday, July 23rd. AltaCorp Capital reissued a “sector perform” rating on shares of Halliburton in a research note on Thursday, June 20th. SunTrust Banks decreased their price target on Halliburton to $39.00 and set an “average” rating on the stock in a research note on Tuesday, April 23rd. Finally, ValuEngine lowered Halliburton from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.78.

The business has a fifty day moving average price of $21.71 and a 200 day moving average price of $26.11. The company has a market capitalization of $16.53 billion, a PE ratio of 10.17, a P/E/G ratio of 2.15 and a beta of 1.30. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.59 and a current ratio of 2.26.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Monday, July 22nd. The oilfield services company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.97 billion. Halliburton had a return on equity of 13.76% and a net margin of 5.58%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.58 EPS. Research analysts forecast that Halliburton will post 1.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.72%. Halliburton’s dividend payout ratio (DPR) is 37.89%.

Institutional investors have recently added to or reduced their stakes in the company. Perella Weinberg Partners Capital Management LP raised its holdings in shares of Halliburton by 6.6% in the 1st quarter. Perella Weinberg Partners Capital Management LP now owns 374,824 shares of the oilfield services company’s stock worth $10,982,000 after purchasing an additional 23,214 shares during the period. Swiss National Bank raised its holdings in shares of Halliburton by 2.2% during the 1st quarter. Swiss National Bank now owns 2,924,297 shares of the oilfield services company’s stock valued at $85,682,000 after buying an additional 63,800 shares during the period. Steinberg Global Asset Management purchased a new stake in shares of Halliburton during the 1st quarter valued at about $1,397,000. Lockheed Martin Investment Management Co. purchased a new stake in shares of Halliburton during the 1st quarter valued at about $2,150,000. Finally, Corrado Advisors LLC purchased a new stake in shares of Halliburton during the 2nd quarter valued at about $114,000. Institutional investors own 79.03% of the company’s stock.

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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