Halliburton Given “Positive” Rating at Goldman Sachs Group Inc. (HAL)
Halliburton (NYSE:HAL)‘s stock had its “positive” rating restated by equities research analysts at Goldman Sachs Group Inc. in a research note issued to investors on Thursday, StockRatingsNetwork reports.
HAL has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Halliburton in a research note to investors on Thursday. They now have a $53.00 price target on the stock. Separately, analysts at Socgen reiterated a “buy” rating on shares of Halliburton in a research note to investors on Thursday. They now have a $58.00 price target on the stock, down previously from $62.00. Finally, analysts at Cowen and Company cut their price target on shares of Halliburton from $82.00 to $72.00 in a research note to investors on Tuesday, January 7th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and a consensus target price of $61.12.
Halliburton (NYSE:HAL) traded up 0.51% on Thursday, hitting $50.90. The stock had a trading volume of 5,482,603 shares. Halliburton has a 1-year low of $35.87 and a 1-year high of $56.52. The stock has a 50-day moving average of $50.38 and a 200-day moving average of $49.3. The company has a market cap of $43.175 billion and a P/E ratio of 23.29.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, missing the analysts’ 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.
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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