Halliburton Given New $72.00 Price Target at Cowen and Company (HAL)
Stock analysts at Cowen and Company dropped their price target on shares of Halliburton (NYSE:HAL) from $82.00 to $72.00 in a report issued on Tuesday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s target price would indicate a potential upside of 43.43% from the stock’s previous close.
Shares of Halliburton (NYSE:HAL) traded down 0.24% on Tuesday, hitting $50.20. The stock had a trading volume of 7,748,041 shares. Halliburton has a 1-year low of $35.71 and a 1-year high of $56.52. The stock has a 50-day moving average of $51.04 and a 200-day moving average of $49.00. The company has a market cap of $42.581 billion and a P/E ratio of 23.15.
Halliburton (NYSE:HAL) last issued its quarterly earnings data 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 in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter 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 Guggenheim downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Separately, 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. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Halliburton in a research note to investors on Sunday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $61.52.
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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