Halliburton Downgraded by Guggenheim to “Neutral” (HAL)
Halliburton (NYSE:HAL) was downgraded by investment analysts at Guggenheim from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
Shares of Halliburton (NYSE:HAL) traded up 0.60% during mid-day trading on Monday, hitting $50.43. 1,314,949 shares of the company’s stock traded hands. Halliburton has a 1-year low of $35.71 and a 1-year 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 $42.776 billion and a P/E ratio of 23.06.
Halliburton (NYSE:HAL) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, missing the 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 last year, the company posted $0.67 earnings per share. Halliburton’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Halliburton will post $3.11 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. upgraded shares of Halliburton from a “market perform” rating to an “outperform” rating in a research note to investors on Monday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Halliburton in a research note to investors on Sunday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Halliburton in a research note to investors on Friday, December 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target 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.
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