Price Target Update on Halliburton Company (NYSE:HAL)

Halliburton Company (NYSE:HAL) : Average target price received by Halliburton Company (NYSE:HAL) is $47.68 with an expected standard deviation of $6.18. The most aggressive target on the stock is $60, whereas the most downbeat target is $33. 22 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Griffen Securities upgrades the rating on Halliburton Company (NYSE:HAL). The brokerage firm has issued a Buy rating on the shares. The rating by the firm was issued on May 19, 2016.

Halliburton Company (NYSE:HAL): stock turned positive on Thursday. Though the stock opened at $45.28, the bulls momentum made the stock top out at $45.86 level for the day. The stock recorded a low of $44.94 and closed the trading day at $45.84, in the green by 2.64%. The total traded volume for the day was 8,136,701. The stock had closed at $44.66 in the previous days trading.

The company shares have rallied 2.67% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $46.69 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $42.22 and the 200 Day Moving Average price is recorded at $36.47. On the companys insider trading activities, Miller Jeffrey Allen, director officer (President) of Halliburton Co, unloaded 19,776 shares at an average price of $45 on June 7, 2016. The total amount of the transaction was worth $889,920, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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 Companys 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 Companys 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.

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