TheStreet Reiterates “Buy” Rating for Halliburton (HAL)
Halliburton (NYSE:HAL)‘s stock had its “buy” rating reaffirmed by equities researchers at TheStreet in a research report issued on Sunday, Stock Ratings Network.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, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Halliburton (NYSE:HAL) opened at 50.13 on Friday. Halliburton has a 52 week low of $35.71 and a 52 week high of $56.52. The stock’s 50-day moving average is $51.34 and its 200-day moving average is $48.80. The company has a market cap of $42.522 billion and a P/E ratio of 23.00.
Halliburton (NYSE:HAL) last released its earnings data on Monday, October 21st. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.84 by $0.01. The company had revenue of $7.50 billion for the quarter, compared to the consensus estimate of $7.50 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Halliburton will post $3.11 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Susquehanna cut their price target on shares of Halliburton from $64.00 to $61.00 in a research note to investors on Tuesday, December 17th. They now have a “positive” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Halliburton in a research note to investors on Tuesday, December 17th. They now have a $86.00 price target on the stock, up previously from $76.00. Finally, analysts at Robert W. Baird initiated coverage on shares of Halliburton in a research note to investors on Thursday, December 12th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Halliburton currently has an average rating of “Buy” and a consensus target price of $62.02.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.