Halliburton Given “Buy” Rating at TheStreet (HAL)
Halliburton (NYSE:HAL)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Tuesday, AnalystRatings.Net reports.
The analysts wrote, “Halliburton Company (HAL) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Halliburton (NYSE:HAL) traded up 0.66% on Tuesday, hitting $48.47. The stock had a trading volume of 2,210,432 shares. Halliburton has a one year low of $29.83 and a one year high of $50.50. The stock has a 50-day moving average of $48.52 and a 200-day moving average of $44.01. The company has a market cap of $44.281 billion and a price-to-earnings ratio of 23.57.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.01. The company had revenue of $7.32 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter last year, the company posted $0.82 earnings per share. Halliburton’s revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that Halliburton will post $3.22 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Howard Weil raised their price target on shares of Halliburton (NYSE:HAL) from $50.00 to $56.00 in a research note to investors on Monday. They now have a “sector perform” rating on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Halliburton (NYSE:HAL) from $25.00 to $11.00 in a research note to investors on Wednesday, September 18th. They now have a “hold” rating on the stock. Finally, analysts at Macquarie downgraded shares of Halliburton (NYSE:HAL) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 12th. They now have a $54.00 price target on the stock, up previously from $51.00. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Halliburton currently has an average rating of “Buy” and an average target price of $53.42.
Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.
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