BMO Capital Markets set a $63.00 target price on Halliburton (NYSE:HAL) in a research note issued to investors on Tuesday morning. The brokerage currently has a buy rating on the oilfield services company’s stock.

HAL has been the subject of several other reports. Zacks Investment Research cut shares of Halliburton from a hold rating to a sell rating in a research report on Wednesday, March 28th. ValuEngine raised shares of Halliburton from a sell rating to a hold rating in a research report on Thursday, April 12th. Loop Capital reaffirmed a buy rating and issued a $69.00 target price (up from $57.00) on shares of Halliburton in a research report on Tuesday, January 23rd. Jefferies Group set a $57.00 target price on shares of Halliburton and gave the stock a buy rating in a research report on Thursday, January 4th. Finally, Sanford C. Bernstein set a $60.00 target price on shares of Halliburton and gave the stock a buy rating in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $58.71.

NYSE:HAL opened at $52.83 on Tuesday. Halliburton has a 12 month low of $38.18 and a 12 month high of $57.86. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.22 and a quick ratio of 1.72. The stock has a market capitalization of $46,020.26, a PE ratio of 33.08, a P/E/G ratio of 2.68 and a beta of 1.06.

Halliburton (NYSE:HAL) last posted its earnings results on Monday, April 23rd. The oilfield services company reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Halliburton had a negative net margin of 1.74% and a positive return on equity of 15.87%. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same period last year, the company posted $0.04 EPS. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. research analysts forecast that Halliburton will post 2.46 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of HAL. Sanders Capital LLC purchased a new position in Halliburton in the fourth quarter worth about $163,920,000. Beutel Goodman & Co Ltd. purchased a new position in Halliburton in the fourth quarter worth about $118,644,000. BlackRock Inc. raised its holdings in Halliburton by 3.9% in the fourth quarter. BlackRock Inc. now owns 63,837,947 shares of the oilfield services company’s stock worth $3,119,761,000 after buying an additional 2,421,658 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Halliburton in the fourth quarter worth about $105,979,000. Finally, Mackenzie Financial Corp raised its holdings in Halliburton by 409.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,203,182 shares of the oilfield services company’s stock worth $107,670,000 after buying an additional 1,770,781 shares during the last quarter. 80.25% of the stock is owned by institutional investors and hedge funds.

About Halliburton

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.

Analyst Recommendations for Halliburton (NYSE:HAL)

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