Halliburton Company (NYSE:HAL) had its price target trimmed by Howard Weil from $45.00 to $37.00 in a report released on Wednesday, AnalystRatingsNetwork.com reports. The brokerage currently has a sector perform rating on the oilfield services company’s stock.

Halliburton Company (NYSE:HAL) traded down 0.53% during mid-day trading on Wednesday, reaching $31.62. 10,193,314 shares of the company were exchanged. The stock’s market capitalization is $27.07 billion. The stock’s 50-day moving average price is $32.73 and its 200-day moving average price is $37.34. Halliburton Company has a 1-year low of $27.64 and a 1-year high of $50.20.

Halliburton Company (NYSE:HAL) last announced its quarterly earnings data on Monday, January 25th. The oilfield services company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm earned $5.08 billion during the quarter, compared to analysts’ expectations of $5.11 billion. During the same quarter in the previous year, the business posted $1.19 EPS. The company’s revenue for the quarter was down 42.1% on a year-over-year basis. On average, equities research analysts anticipate that Halliburton Company will post $0.63 EPS for the current fiscal year.

A number of other brokerages also recently issued reports on HAL. Oppenheimer cut their target price on Halliburton Company from $48.00 to $40.00 and set an outperform rating for the company in a research note on Tuesday, January 26th. Cowen and Company cut their target price on Halliburton Company from $38.00 to $33.00 and set a market perform rating for the company in a research note on Tuesday, January 26th. Susquehanna cut their target price on Halliburton Company from $47.00 to $40.00 and set a positive rating for the company in a research note on Tuesday, January 26th. HSBC downgraded Halliburton Company from a buy rating to a hold rating and cut their target price for the stock from $42.28 to $29.28 in a research note on Tuesday, January 26th. Finally, Stephens cut their target price on Halliburton Company from $45.00 to $38.00 in a research note on Thursday, January 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $43.19.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Linscomb & Williams Inc. raised its position in Halliburton Company by 0.4% in the fourth quarter. Linscomb & Williams Inc. now owns 13,989 shares of the oilfield services company’s stock valued at $476,000 after buying an additional 54 shares during the period. Creative Planning purchased a new position in Halliburton Company during the fourth quarter valued at approximately $0. Coastline Trust Company raised its position in Halliburton Company by 0.8% in the fourth quarter. Coastline Trust Company now owns 18,749 shares of the oilfield services company’s stock valued at $638,000 after buying an additional 150 shares during the period. First Merchants Corp raised its position in Halliburton Company by 0.8% in the fourth quarter. First Merchants Corp now owns 18,022 shares of the oilfield services company’s stock valued at $613,000 after buying an additional 150 shares during the period. Finally, Leavell Investment Management Inc. raised its position in Halliburton Company by 2.0% in the fourth quarter. Leavell Investment Management Inc. now owns 10,431 shares of the oilfield services company’s stock valued at $355,000 after buying an additional 200 shares during the period.

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

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