Halliburton Price Target Raised to $58.00 at Jefferies Group (HAL)
Analysts at Jefferies Group raised their target price on shares of Halliburton (NYSE:HAL) from $54.00 to $58.00 in a research report issued to clients and investors on Monday, StockRatingsNetwork.com reports. Jefferies Group’s price target suggests a potential upside of 18.22% from the company’s current price.
A number of other analysts have also recently weighed in on HAL. Analysts at TheStreet reiterated a “buy” rating on shares of Halliburton in a research note to investors on Tuesday, October 1st. Separately, analysts at Howard Weil raised their price target on shares of Halliburton from $50.00 to $56.00 in a research note to investors on Monday, September 30th. They now have a “sector perform” rating on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Halliburton presently has an average rating of “Buy” and an average target price of $53.63.
Halliburton (NYSE:HAL) opened at 49.06 on Monday. Halliburton has a 52-week low of $29.83 and a 52-week high of $50.50. The stock has a 50-day moving average of $48.78 and a 200-day moving average of $44.18. The company has a market cap of $44.820 billion and a price-to-earnings ratio of 24.01.
Halliburton (NYSE:HAL) last released its earnings data on Monday, July 22nd. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis.
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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