The shares of Halliburton Company (NYSE:HAL) has been pegged with a rating of Buy by BofA/Merrill in its latest research note that was published on December 3rd, 2018. The research company has also assigned a $48 price target. BofA/Merrill wasn’t the only research firm that published a report of Halliburton Company, with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on October 18th, 2018, to Buy the HAL stock. The stock had earned Neutral rating from Cleveland Research when it published its report on October 18th, 2018. The stock was given Overweight rating by Stephens in its report released on October 12th, 2018. Wolfe Research was of a view that HAL is Outperform in its latest report on October 10th, 2018. Morgan Stanley thinks that HAL is worth Overweight rating. This was contained in the firm’s report on September 19th, 2018 in which the stock’s price target was also moved to $50.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 5 believe it has the potential for further growth, thus rating it as Hold while 14 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $49.03. The price of the stock the last time has dropped by -2.23% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 30.49.
The shares of the company dipped by -5.25% during the trading session on Thursday, reaching a low of $29.24 while ending the day at $29.79. During the trading session, a total of 18.9 million shares were traded which represents a -76.82% decline from the average session volume which is 10.69M shares. HAL had ended its last session trading at 31.44. Halliburton Company currently has a market cap of $26.48B, while its P/E ratio stands at 27.38, while its P/E earnings growth sits at 1.10, with a beta of 1.10. Halliburton Company debt-to-equity ratio currently stands at 1.16, while its quick ratio hovers at 1.70. HAL 52-week low price stands at $30.47 while its 52-week high price is $57.86.
The company in its last quarterly report recorded $0.50 earnings per share which is above the $0.49 predicted by most analysts. The Halliburton Company generated $6,172.00 million in revenue during the last quarter, which is slightly higher than the $6,132.89 million predicted by analysts. In the second quarter last year, the firm recorded $0.58 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -16%. Halliburton Company has the potential to record 1.09 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on October 10th, 2018 where it informed investors and clients that The Southern Company (NYSE:SO) is now rated as Neutral. BofA/Merrill also rated SO as Initiated on October 18th, 2018, with its price target of suggesting that SO could down by -0.52% from its current share price. Even though the stock has been trading at $47.24/share, analysts expect it to surge higher by -1.52% to reach $46.28/share. It started the day trading at $47.47 and traded between $45.61 and $46.52 throughout the trading session.
A look at its technical shows that SO’s 50-day SMA is 45.29 while its 200-day SMA stands at 45.22. The stock has a high of $52.00 for the year while the low is $42.38. The company’s P/E ratio currently sits at 21.89, while the P/B ratio is 1.91. The company’s average trading volume currently stands at 6.67M shares, which means that the short-interest ratio is just 3.25 days. Over the past seven days, the company moved, with its shift of 0.87%. Looking further, the stock has raised 1.66% over the past 90 days while it gained 7.74% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more SO shares, increasing its portfolio by +1.75% during the last quarter. This move now sees The Vanguard Group Inc purchasing 1,299,159 shares in the last quarter, thus it now holds 75,649,381 shares of SO, with a total valuation of $3,406,491,626. BlackRock Fund Advisors meanwhile bought more SO shares in the recently filed quarter, changing its stake to $2,118,997,154 worth of shares. SSgA Funds Management Inc followed the path by decreasing its SO portfolio by -0.18% in the quarter. This means that SSgA Funds Management Inc sold -85,405 shares in the last quarter and now controls 46,962,480 shares of the SO stock, with the valuation hitting $2,114,720,474.
Similarly, T Rowe Price Associates Inc increased its The Southern Company shares by +9.06% during the recently filed quarter. After buying 3,166,259 shares in the last quarter, the firm now controls 38,110,343 shares of The Southern Company which are valued at $1,716,108,745. In the same vein, Massachusetts Financial Services increased its The Southern Company shares by during the most recent reported quarter. The firm bought 881,373 shares during the quarter which increased its stakes to 18,224,108 shares and is now valued at $820,631,583. Following these latest developments, around 0.06% of The Southern Company stocks are owned by institutional investors and hedge funds.