Halliburton Rating Reiterated by TheStreet (HAL)
Halliburton (NYSE:HAL)‘s stock had its “buy” rating reaffirmed by investment analysts at TheStreet in a note issued to investors on Monday, AmericanBankingNews.com 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 down 0.24% on Monday, hitting $50.55. 1,580,121 shares of the company’s stock traded hands. Halliburton has a 52 week low of $29.83 and a 52 week high of $51.04. The stock has a 50-day moving average of $49.10 and a 200-day moving average of $44.54. The company has a market cap of $46.181 billion and a P/E ratio of 24.80.
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 prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. 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 Raymond James upgraded shares of Halliburton from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, October 9th. They now have a $63.00 price target on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Halliburton from $67.00 to $63.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. Finally, 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, October 7th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company 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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