Halliburton Company (HAL) Receives Price Target

Halliburton Company (HAL) has been rated by 22 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $60 and the lowest price target forecast is $38. The average forecast of all the analysts is $50.36 and the expected standard deviation is $6.19.

Halliburton Company (HAL) : 20 brokerage houses believe that Halliburton Company (HAL) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Halliburton Company (HAL). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 25 Wall Street Analysts endorse the stock as a Buy with a rating of 1.52.


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

Halliburton Company (NYSE:HAL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.01 and $42.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.21, notching a gain of 0.47% for the day. The total traded volume was 5,274,421 . The stock had closed at $43.01 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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