Halliburton Analysts Raise Price Targets to $36, Execs Sell $3.47M in Stock
24 analysts rate Halliburton a Moderate Buy with a $32.71 average 12-month price objective, after upgrades from Bank of America, BMO Capital and Susquehanna (up to $36). EVP Lawrence Pope sold 100,000 shares at $32.25 and EVP Van Beckwith sold 8,854 at $27.89, totaling $3.47M.
1. Analyst Consensus and Price Objectives
Halliburton has received an average rating of “Moderate Buy” from 24 research firms, with 16 assigning buy ratings, six recommending hold and two issuing strong buy opinions. The average 12-month price objective among these analysts stands at $32.71. Notable recent upgrades include Royal Bank of Canada’s move from hold to moderate buy, Bank of America’s target increase from $24.00 to $26.00, BMO Capital Markets’ raise from $28.00 to $31.00, Morgan Stanley’s $34.00 objective and Susquehanna’s boost from $29.00 to $36.00 alongside a positive rating.
2. Insider Selling Activity
During the last quarter, executive vice president Lawrence J. Pope sold 100,000 shares at an average of $32.25 for total proceeds of $3.225 million, reducing his holdings to 419,800 shares valued at approximately $13.54 million (a 19.24% decrease). EVP Van H. Beckwith disposed of 8,854 shares at an average of $27.89 for $246,938, cutting his position to 333,528 shares (a 2.59% drop). In total, insiders have sold 268,854 shares worth $7.92 million over the past three months; insiders now own 0.61% of outstanding equity.
3. Recent Quarterly Results and Key Financial Metrics
In the most recent quarter, the company reported earnings per share of $0.58, beating consensus by $0.08, on revenue of $5.60 billion versus expectations of $5.39 billion. Net margin was 5.91% and return on equity reached 20.12%, while quarterly revenue declined 1.7% year-over-year. Equity analysts project full-year EPS of 2.64. The board declared a quarterly dividend of $0.17 per share, implying an annualized payout of $0.68 and a yield of 2.1%, with a payout ratio of 45.03%. The balance sheet shows a quick ratio of 1.43, current ratio of 1.95 and debt-to-equity of 0.70, supporting ongoing financial stability.