Halliburton Given New $63.00 Price Target at Cowen and Company (HAL)
Research analysts at Cowen and Company decreased their target price on shares of Halliburton (NYSE:HAL) from $67.00 to $63.00 in a report released on Wednesday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price objective would suggest a potential upside of 29.47% from the company’s current price.
Halliburton (NYSE:HAL) opened at 48.66 on Wednesday. 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 $48.83 and a 200-day moving average of $44.35. The company has a market cap of $44.455 billion and a P/E ratio of 23.82.
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 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 $3.21 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Halliburton from $54.00 to $58.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Halliburton in a research note to investors on Tuesday, October 1st. Finally, 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 research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $56.70.
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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