Halliburton Company (HAL) : The highest level Halliburton Company (HAL) is projected to reach is $60 for the short term and the lowest estimate is at $33. The consolidated price target from 22 rating analysts who initiate coverage on the stock is $48.82 and the possibility the share price can swing is $6.87.
Halliburton Company (HAL) stated loss of 4,131,938 shares or 14% in the short interest. The short interest registered from 29,416,429 on June 15,2016 to 25,284,491 on June 30,2016. In terms of floated shares, the shorted positions stood at 3%. The stock has been averaging 9,971,034 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Major Brokerage house, Griffen Securities upgrades its ratings on Halliburton Company (NYSE:HAL). According to the latest information available, the shares are now rated Buy by the analysts at the agency. 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 $45.9, the bulls momentum made the stock top out at $46.09 level for the day. The stock recorded a low of $45.66 and closed the trading day at $45.81, in the green by 1.33%. The total traded volume for the day was 6,803,673. The stock had closed at $45.21 in the previous days trading.
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.