-0.30 % to Target, Piper Jaffray Reaffirms ‘Buy’ Rating on Halliburton (NYSE:HAL) Shares Today

January 17, 2018 - By Vivian Currie

  0.30 % to Target, Piper Jaffray Reaffirms ‘Buy’ Rating on Halliburton (NYSE:HAL) Shares Today

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.09, from 0.94 in 2017Q2. It turned negative, as 84 investors sold Halliburton Company shares while 297 reduced holdings. 71 funds opened positions while 254 raised stakes. 679.57 million shares or 0.21% less from 681.00 million shares in 2017Q2 were reported.

Tokio Marine Asset Mgmt Limited has 0.2% invested in Halliburton Company (NYSE:HAL). Check Capital Mngmt Ca owns 13,702 shares. Brinker Capital Inc holds 0.19% or 98,531 shares in its portfolio. Carmignac Gestion invested in 0.18% or 500,000 shares. 760,843 were reported by Tph Asset Management Limited Liability. Benin Mngmt invested in 36,225 shares. Invsts Asset Of Georgia Inc Ga Adv holds 0.33% of its portfolio in Halliburton Company (NYSE:HAL) for 9,710 shares. Whitnell And invested 0.03% of its portfolio in Halliburton Company (NYSE:HAL). Shine Investment Advisory Services reported 0.02% stake. Boston Prns reported 0.01% stake. Adirondack Trust owns 600 shares. Summit Financial Wealth Advisors Ltd Liability Com invested in 13,500 shares or 0.23% of the stock. Evanson Asset Limited Liability Company has 9,755 shares for 0.1% of their portfolio. Barrow Hanley Mewhinney And Strauss Ltd Liability Com reported 47 shares stake. Sit Inv Associate reported 87 shares.

Since September 5, 2017, it had 0 insider buys, and 6 sales for $3.80 million activity. 5,953 shares were sold by Voyles Robb L., worth $297,650. Beaty Anne L. sold $151,459 worth of Halliburton Company (NYSE:HAL) on Friday, January 5. Pope Lawrence J sold $1.71M worth of Halliburton Company (NYSE:HAL) on Tuesday, September 5.

Halliburton (NYSE:HAL) Rating Reaffirmed

In an analyst note shared with investors and clients on Sunday morning, The Buy rating of Halliburton (NYSE:HAL) shares was reconfirmed by Piper Jaffray, who now has a $53.0 target price per share on the stock. Piper Jaffray’s target price per share would suggest a possible downside of -0.30 % from the previous close of the company.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.09, from 0.94 in 2017Q2. It turned negative, as 84 investors sold Halliburton Company shares while 297 reduced holdings. 71 funds opened positions while 254 raised stakes. 679.57 million shares or 0.21% less from 681.00 million shares in 2017Q2 were reported.

Tokio Marine Asset Mgmt Limited has 0.2% invested in Halliburton Company (NYSE:HAL). Check Capital Mngmt Ca owns 13,702 shares. Brinker Capital Inc holds 0.19% or 98,531 shares in its portfolio. Carmignac Gestion invested in 0.18% or 500,000 shares. 760,843 were reported by Tph Asset Management Limited Liability. Benin Mngmt invested in 36,225 shares. Invsts Asset Of Georgia Inc Ga Adv holds 0.33% of its portfolio in Halliburton Company (NYSE:HAL) for 9,710 shares. Whitnell And invested 0.03% of its portfolio in Halliburton Company (NYSE:HAL). Shine Investment Advisory Services reported 0.02% stake. Boston Prns reported 0.01% stake. Adirondack Trust owns 600 shares. Summit Financial Wealth Advisors Ltd Liability Com invested in 13,500 shares or 0.23% of the stock. Evanson Asset Limited Liability Company has 9,755 shares for 0.1% of their portfolio. Barrow Hanley Mewhinney And Strauss Ltd Liability Com reported 47 shares stake. Sit Inv Associate reported 87 shares.

Since September 5, 2017, it had 0 insider buys, and 6 sales for $3.80 million activity. 5,953 shares were sold by Voyles Robb L., worth $297,650. Beaty Anne L. sold $151,459 worth of Halliburton Company (NYSE:HAL) on Friday, January 5. Pope Lawrence J sold $1.71M worth of Halliburton Company (NYSE:HAL) on Tuesday, September 5.

Halliburton Company (NYSE:HAL) Ratings Coverage

Among 39 analysts covering Halliburton Company (NYSE:HAL), 35 have Buy rating, 0 Sell and 4 Hold. Therefore 90% are positive. Halliburton Company has $70 highest and $16 lowest target. $51.31’s average target is -3.48% below currents $53.16 stock price. Halliburton Company had 137 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, July 21 by Deutsche Bank. Piper Jaffray maintained Halliburton Company (NYSE:HAL) rating on Sunday, October 29. Piper Jaffray has “Buy” rating and $53.0 target. Argus Research maintained Halliburton Company (NYSE:HAL) on Tuesday, February 16 with “Hold” rating. The stock has “Outperform” rating by FBR Capital on Tuesday, May 17. The stock has “Market Perform” rating by Cowen & Co on Tuesday, January 26. The rating was maintained by FBR Capital with “Outperform” on Friday, July 28. The firm earned “Buy” rating on Thursday, June 29 by Credit Suisse. Piper Jaffray maintained the shares of HAL in report on Monday, July 24 with “Buy” rating. As per Thursday, July 13, the company rating was maintained by BMO Capital Markets. The rating was maintained by Goldman Sachs with “Buy” on Thursday, October 20.

The stock increased 1.98% or $1.03 during the last trading session, reaching $53.16. About 4.56 million shares traded. Halliburton Company (NYSE:HAL) has risen 19.03% since January 17, 2017 and is uptrending. It has outperformed by 2.33% the S&P500.

Analysts await Halliburton Company (NYSE:HAL) to report earnings on January, 22 before the open. They expect $0.46 earnings per share, up 1,050.00 % or $0.42 from last year’s $0.04 per share. HAL’s profit will be $401.37 million for 28.89 P/E if the $0.46 EPS becomes a reality. After $0.42 actual earnings per share reported by Halliburton Company for the previous quarter, Wall Street now forecasts 9.52 % EPS growth.

Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company has market cap of $46.38 billion. The companyÂ’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. It has a 218.77 P/E ratio. It also provides completion tools that offer downhole solutions and services, including well completion services and products, intelligent well completions, liner hanger systems, sand control systems, and service tools; pressure control services comprising coiled tubing, hydraulic workover units, and downhole tools; and pipeline and process services, such as pre-commissioning and maintenance, subsea pipeline, conventional pipeline, and process services.

More notable recent Halliburton Company (NYSE:HAL) news were published by: Seekingalpha.com which released: “Halliburton: Buy Before Earnings Come In” on January 09, 2018, also Nasdaq.com with their article: “Is Halliburton (HAL) Poised for a Beat This Earnings Season?” published on January 17, 2018, Seekingalpha.com published: “Halliburton: A Good Time To Buy” on January 16, 2018. More interesting news about Halliburton Company (NYSE:HAL) were released by: Gurufocus.com and their article: “Graybill Bartz & Assoc Ltd Buys Halliburton Co, Intel Corp, iShares Core MSCI …” published on January 16, 2018 as well as Businesswire.com‘s news article titled: “Halliburton Company VP, Bill Sanstrom, Joins IronClad Encryption’s Advisory Board” with publication date: January 17, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.