Halliburton Company (HAL) Receives ‘Analyst’ Rating

Halliburton Company (HAL) : 25 analysts are covering Halliburton Company (HAL) and their average rating on the stock is 1.52, which is read as a 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. 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. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 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 $50.36 for the near short term. The highest target price given by the Brokerage Firm to the stock is $60 and the lowest target is $38 for the short term. Analysts expect the variance to be within $6.19 of the average price.


Also, Atlantic Equities initiates coverage on Halliburton Company (NYSE:HAL). Atlantic Equities has a Underweight rating on the shares. The rating by the firm was issued on August 8, 2016.

Halliburton Company (NYSE:HAL): After opening at $41.39, the stock dipped to an intraday low of $41.21 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $42.12 and the buying power remained strong till the end. The stock closed at $41.77 for the day, a gain of 1.24% for the day session. The total traded volume was 6,862,951. The stocks close on the previous trading day was $41.26.

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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