Halliburton Company (NYSE:HAL) had its price objective reduced by stock analysts at Robert W. Baird from $38.00 to $36.00 in a research note issued on Thursday, StockTargetPrices.com reports. Robert W. Baird’s price target indicates a potential upside of 22.95% from the stock’s current price.

Several other analysts have also recently issued reports on HAL. Zacks Investment Research cut Halliburton Company from a “hold” rating to a “strong sell” rating in a research note on Monday, September 28th. Global Hunter Securities lowered their target price on Halliburton Company from $50.00 to $47.00 and set an “accumulate” rating for the company in a report on Tuesday, September 29th. Oppenheimer reaffirmed an “outperform” rating and set a $48.00 target price (down from $55.00) on shares of Halliburton Company in a report on Thursday, October 1st. Citigroup Inc. reaffirmed a “buy” rating and set a $47.00 target price (down from $51.00) on shares of Halliburton Company in a report on Monday, October 5th. Finally, Vetr lowered Halliburton Company from a “strong-buy” rating to a “buy” rating and set a $43.92 target price for the company. in a report on Wednesday, October 7th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $45.64.

Shares of Halliburton Company (NYSE:HAL) traded down 3.01% during trading on Thursday, reaching $29.28. The company had a trading volume of 18,800,650 shares. The stock’s 50-day moving average price is $33.87 and its 200-day moving average price is $37.76. Halliburton Company has a 12 month low of $27.64 and a 12 month high of $50.20. The stock has a market capitalization of $25.06 billion and a PE ratio of 96.95.

Halliburton Company (NYSE:HAL) last announced its quarterly earnings data on Monday, January 25th. The oilfield services company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.11 billion. The company’s quarterly revenue was down 42.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.19 EPS. Equities analysts forecast that Halliburton Company will post $1.48 earnings per share for the current fiscal year.

Several institutional investors recently bought and sold shares of HAL. Stanley Capital Management increased its position in Halliburton Company by 22.4% in the third quarter. Stanley Capital Management now owns 112,054 shares of the oilfield services company’s stock worth $3,961,000 after buying an additional 20,533 shares during the period. Kovitz Investment Group increased its position in Halliburton Company by 0.5% in the third quarter. Kovitz Investment Group now owns 1,124,391 shares of the oilfield services company’s stock worth $39,747,000 after buying an additional 5,685 shares during the period. Ken Stern & Associates increased its position in Halliburton Company by 19.5% in the third quarter. Ken Stern & Associates now owns 6,341 shares of the oilfield services company’s stock worth $224,000 after buying an additional 1,035 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft increased its position in Halliburton Company by 3,130.1% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft now owns 226,110 shares of the oilfield services company’s stock worth $7,871,000 after buying an additional 219,110 shares during the period. Finally, Palo Capital bought a new position in Halliburton Company during the third quarter worth $337,000.

Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates operate under two divisions, which form the basis for its two operating segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services. Production Enhancement services include stimulation services and sand control services. The Company’s Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and precise wellbore placement solutions. The Company conducts its business in approximately 80 countries.

12 Month Chart for NYSE:HAL

Stock Target Prices

Receive News & Ratings for Halliburton Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton Company and related companies with MarketBeat.com's FREE daily email newsletter.