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Equities researchers at Goldman Sachs raised their target price on shares of Halliburton Company (NYSE:HAL) from $79.00 to $87.00 in a research report issued on Thursday. Goldman Sachs’ price target indicates a potential upside of 25.45% from the company’s current price.

Halliburton Company (NYSE:HAL) traded down 1.87% during mid-day trading on Thursday, hitting $69.35. 5,630,753 shares of the company’s stock traded hands. Halliburton Company has a one year low of $43.43 and a one year high of $71.46. The stock’s 50-day moving average is $67.71 and its 200-day moving average is $59.06. The company has a market cap of $58.567 billion and a P/E ratio of 22.62. Halliburton Company also saw unusually large options trading on Thursday. Stock investors purchased 23,110 call options on the company. This represents an increase of 147% compared to the average daily volume of 9,353 call options.

Halliburton Company (NYSE:HAL) last announced its earnings results on Monday, April 21st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.01. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Halliburton Company will post $3.99 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on HAL. Analysts at Susquehanna raised their price target on shares of Halliburton Company from $75.00 to $88.00 in a research note on Wednesday, July 2nd. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Halliburton Company in a research note on Monday, June 23rd. They now have a $79.00 price target on the stock, up previously from $78.00. Finally, analysts at Drexel Hamilton initiated coverage on shares of Halliburton Company in a research note on Friday, June 20th. They set a “buy” rating and a $79.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $73.86.

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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