Halliburton (HAL) Given a $57.00 Price Target at Jefferies Group

Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company's stock valued at $784,822,000 after acquiring an additional 1,427,985 shares during the period. Sir Capital Management Lp who had been investing in Halliburton Co for a number of months, seems to be bullish on the $45.78B market cap company. Company insiders own 0.46% of the company's stock. About 2.61 million shares traded. Halliburton Company (NYSE:HAL) has risen 19.03% since January 11, 2017 and is uptrending. It has outperformed by 2.33% the S&P500.

The oilfield services company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. 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 $401.37M for 28.91 P/E if the $0.46 EPS becomes a reality. Analysts are forecasting earnings of $0.46 on a per share basis this quarter. Motco boosted its stake in shares of Halliburton Company by 28.0% in the third quarter. Ledyard National Bank sold 32,161 shares as American Tower Corp (AMT)'s stock rose 18.69%. Insiders have sold a total of 134,701 shares of company stock valued at $7,238,765 in the last quarter. Donald L. Hagan LLC acquired a new stake in Halliburton in the 4th quarter worth about $1,290,000. Carre Eric also sold $1.45M worth of Halliburton Company (NYSE:HAL) on Friday, January 5. Therefore 79% are positive. JP Morgan maintained Halliburton Company (NYSE:HAL) on Tuesday, September 12 with "Overweight" rating. Piper Jaffray Companies set a $52.00 price objective on shares of Halliburton and gave the company a "buy" rating in a research note on Thursday, December 14th. Barclays Capital maintained the shares of DE in report on Monday, October 26 with "Underweight" rating. Jefferies maintained the shares of HAL in report on Monday, May 29 with "Buy" rating. The firm has "Outperform" rating by BMO Capital Markets given on Monday, November 13. The stock has "Buy" rating by Piper Jaffray on Monday, July 24. On Friday, June 30 the stock rating was maintained by Jefferies with "Buy".

Investors sentiment decreased to 0.93 in Q3 2017.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAL. 71 funds opened positions while 254 raised stakes. Over the past three months, the average daily trading volume came in at about 0.86 million shares per day. Moreover, Homrich & Berg has 0.02% invested in Halliburton Company (NYSE:HAL) for 5,992 shares. Counselors Inc holds 0.22% or 99,584 shares. Lvm Capital Mi invested in 0.05% or 1,785 shares. Pennsylvania Tru stated it has 0.07% of its portfolio in Halliburton Company (NYSE:HAL). Impala Asset Management Limited Liability Company accumulated 451,655 shares. 2,459 were reported by Argent Tru.

The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 61.42 million shares, VANGUARD GROUP INC with 61.34 million shares, CAPITAL WORLD INVESTORS with 49.63 million shares, CAPITAL RESEARCH GLOBAL INVESTORS with 44.4 million shares, and STATE STREET CORP with 41.94 million shares. Fuller Thaler Asset Mngmt invested in 4,000 shares or 0% of the stock. Bnp Paribas Asset Mgmt Holdg Sa reported 0.03% in Deere & Company (NYSE:DE). Energ Opportunities Cap Lc holds 289,102 shares or 8.66% of its portfolio. (NASDAQ:FIBK). Art Advsr Ltd Company invested in 20,264 shares. Blair William Il has 106,339 shares for 0.04% of their portfolio.

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Since September 5, 2017, it had 0 insider purchases, and 5 selling transactions for $3.72 million activity. Taking short look on returns of the firm, net profit margin recorded as 9.30% while operating profit margin was 5.50%, whereas price to sale ratio stands at 2.49 and it indicates how much investor paid for a share compared to the sales a company generated per share. $297,650 worth of stock was sold by Voyles Robb L. on Wednesday, January 3.

Orleans Capital Management Corp decreased its stake in Halliburton Co (HAL) by 14.33% based on its latest 2017Q3 regulatory filing with the SEC. Finally, Krilogy Financial LLC lifted its position in Halliburton by 35.9% in the 2nd quarter. Oppenheimer maintained Halliburton Company (NYSE:HAL) rating on Thursday, October 1. Therefore 67% are positive. Halliburton Company had 135 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Monday, May 2 with "Outperform". The company was maintained on Tuesday, July 25 by Credit Suisse. Cowen & Co maintained Halliburton Company (NYSE:HAL) on Wednesday, August 30 with "Hold" rating. Citigroup upped their target price on shares of Halliburton from $52.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, October 5th.

Analysts have given a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). As per Wednesday, July 22, the company rating was maintained by Argus Research. The firm earned "Hold" rating on Friday, May 26 by Keefe Bruyette & Woods.

The 32 analysts offering 12-month price forecasts for Halliburton Co have a median target of 53.50, with a high estimate of 60.00 and a low estimate of 37.00. The firm earned "Buy" rating on Wednesday, April 6 by Deutsche Bank.

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