Halliburton (NYSE:HAL) shares traded down 5.9% during trading on Wednesday . The company traded as low as $18.12 and last traded at $18.33, 18,243,377 shares traded hands during mid-day trading. An increase of 58% from the average session volume of 11,521,151 shares. The stock had previously closed at $19.48.

A number of research analysts have issued reports on the company. Credit Suisse Group lowered their price objective on Halliburton from $33.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, July 23rd. AltaCorp Capital reiterated a “sector perform” rating on shares of Halliburton in a research note on Thursday, June 20th. Edward Jones cut Halliburton from a “buy” rating to a “hold” rating in a research note on Monday, June 10th. UBS Group set a $36.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Finally, Citigroup lowered their price objective on Halliburton from $33.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Halliburton presently has an average rating of “Buy” and a consensus target price of $39.78.

The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 9.65, a P/E/G ratio of 2.30 and a beta of 1.30. The firm has a fifty day simple moving average of $22.12. The company has a current ratio of 2.26, a quick ratio of 1.59 and a debt-to-equity ratio of 1.16.

Halliburton (NYSE:HAL) last posted its earnings results on Monday, July 22nd. The oilfield services company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $5.93 billion during the quarter, compared to analyst estimates 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 quarter last year, the company earned $0.58 EPS. As a group, analysts expect that Halliburton will post 1.33 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in Halliburton by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 9,955,241 shares of the oilfield services company’s stock worth $264,077,000 after buying an additional 683,635 shares in the last quarter. Raymond James Trust N.A. lifted its position in Halliburton by 13.0% during the 1st quarter. Raymond James Trust N.A. now owns 28,981 shares of the oilfield services company’s stock valued at $849,000 after purchasing an additional 3,340 shares during the period. Paragon Capital Management LLC acquired a new position in Halliburton during the 1st quarter valued at about $29,000. Flagship Harbor Advisors LLC lifted its position in Halliburton by 8.4% during the 1st quarter. Flagship Harbor Advisors LLC now owns 4,392 shares of the oilfield services company’s stock valued at $128,000 after purchasing an additional 342 shares during the period. Finally, Pennsylvania Trust Co lifted its position in Halliburton by 15.6% during the 1st quarter. Pennsylvania Trust Co now owns 47,526 shares of the oilfield services company’s stock valued at $5,829,000 after purchasing an additional 6,411 shares during the period. 78.42% of the stock is owned by institutional investors and hedge funds.

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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