Halliburton’s “Buy” Rating Reaffirmed at Socgen (HAL)
Halliburton (NYSE:HAL)‘s stock had its “buy” rating reaffirmed by investment analysts at Socgen in a note issued to investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a $58.00 price objective on the stock, down from their previous price objective of $62.00. Socgen’s price objective points to a potential upside of 14.53% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Guggenheim downgraded shares of Halliburton from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 6th. Finally, 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, January 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.21.
Shares of Halliburton (NYSE:HAL) traded up 0.12% during mid-day trading on Thursday, hitting $50.70. 4,402,949 shares of the company’s stock traded hands. Halliburton has a 52 week low of $35.87 and a 52 week 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 $43.005 billion and a price-to-earnings ratio of 23.29.
Halliburton (NYSE:HAL) last announced its earnings results 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. On average, analysts predict that Halliburton will post $3.11 earnings per share 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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