Analyst Rating Update on Halliburton Company (HAL)

Halliburton Company (HAL) : 25 analysts are covering Halliburton Company (HAL) and their average rating on the stock is 1.4, which is read as a Strong Buy. 20 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Halliburton Company (HAL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Halliburton Company (HAL) : 22 investment research analysts covering Halliburton Company (HAL) have an average price target of $51.14 for the near short term. The highest target price given by the Brokerage Firm to the stock is $60 and the lowest target is $39 for the short term. Analysts expect the variance to be within $5.61 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm FBR Capital maintains its rating on Halliburton Company (NYSE:HAL). As per the latest information, the brokerage house raises the price target to $53 per share from a prior target of $49. The shares have been rated Outperform. The rating by the firm was issued on July 21, 2016.


Halliburton Company (NYSE:HAL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.01 and $41.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.94, notching a gain of 2.09% for the day. The total traded volume was 7,334,075 . The stock had closed at $42.06 on the previous day.

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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