Shares of Halliburton (NYSE:HAL) were down 1.8% during trading on Wednesday . The stock traded as low as $20.82 and last traded at $20.65, approximately 255,231 shares changed hands during mid-day trading. A decline of 98% from the average daily volume of 12,079,584 shares. The stock had previously closed at $21.03.

Several analysts have commented on HAL shares. Stephens lowered their target price on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, July 23rd. Citigroup lowered their target price on shares of Halliburton from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Wells Fargo & Co lowered their target price on shares of Halliburton from $30.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. Credit Suisse Group lowered their target price on shares of Halliburton from $33.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, July 23rd. Finally, Morgan Stanley lowered their target price on shares of Halliburton from $40.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the stock. Halliburton currently has a consensus rating of “Buy” and a consensus target price of $36.64.

The company’s 50 day moving average price is $19.54 and its 200-day moving average price is $24.39. The company has a market capitalization of $18.19 billion, a PE ratio of 10.91, a PEG ratio of 2.42 and a beta of 1.37. 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 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.97 billion. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. As a group, analysts predict that Halliburton will post 1.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $0.72 annualized dividend and a dividend yield of 3.47%. Halliburton’s payout ratio is 37.89%.

In other Halliburton news, Director William E. Albrecht bought 8,000 shares of Halliburton stock in a transaction that occurred on Thursday, September 12th. The shares were acquired at an average price of $19.35 per share, for a total transaction of $154,800.00. Following the acquisition, the director now owns 16,000 shares of the company’s stock, valued at approximately $309,600. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.61% of the company’s stock.

Several large investors have recently bought and sold shares of HAL. Asset Planning Services Ltd. lifted its holdings in Halliburton by 903.2% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,254 shares of the oilfield services company’s stock worth $29,000 after buying an additional 1,129 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in Halliburton in the 2nd quarter worth $32,000. Prestige Wealth Management Group LLC acquired a new position in Halliburton in the 2nd quarter worth $34,000. Berman Capital Advisors LLC lifted its holdings in Halliburton by 46.0% in the 1st quarter. Berman Capital Advisors LLC now owns 1,253 shares of the oilfield services company’s stock worth $36,000 after buying an additional 395 shares in the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in Halliburton in the 2nd quarter worth $45,000. Institutional investors and hedge funds own 77.60% 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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