Susquehanna analyst Charles Minervino maintained a Buy rating on Halliburton (HAL – Research Report) yesterday and set a price target of $49.00. The company’s shares closed yesterday at $34.06.
According to TipRanks, Minervino is an analyst with an average return of -2.7% and a 44.01% success rate. Minervino covers the Energy sector, focusing on stocks such as Halliburton, RPC, and Baker Hughes Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Halliburton with a $47.33 average price target, representing a 38.96% upside. In a report released on February 1, UBS also maintained a Buy rating on the stock with a $46.00 price target.
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HAL market cap is currently $30.72B and has a P/E ratio of 11.81.
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Halliburton (HAL) Company Description:
Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the following segments: Completion and Production, and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.
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