Short Term Price Target on Halliburton Company (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.

Halliburton Company has dropped 1.2% in the last five trading days, however, the shares have posted positive gains of 7.45% in the last 4 weeks. Halliburton Company is up 29.62% in the last 3-month period. Year-to-Date the stock performance stands at 34.35%. Also, Griffen Securities upgrades their rating on the shares of Halliburton Company (NYSE:HAL). The current rating of the shares is Buy. The rating by the firm was issued on May 19, 2016.

Halliburton Company (NYSE:HAL) has an average broker rating of 1.42, which is interpreted as a Strong Buy, as rated by 24 equity analysts. Nonetheless, 19 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Halliburton Company (NYSE:HAL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.48 and $44.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.29, notching a gain of 1.57% for the day. The total traded volume was 9,742,051 . The stock had closed at $44.59 on the previous day.

In an insider trading activity,The director officer (President) of Halliburton Co, Miller Jeffrey Allen sold 19,776 shares at $45 on June 7, 2016. The Insider selling transaction had a total value worth of $889,920. The Insider information was disclosed 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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