RBC Capital analyst Keith Mackey maintained a Buy rating on Halliburton (HAL – Research Report) on March 18 and set a price target of $45.00. The company’s shares closed yesterday at $38.47.
According to TipRanks, Mackey is a top 100 analyst with an average return of 23.8% and a 65.99% success rate. Mackey covers the Energy sector, focusing on stocks such as Baker Hughes Company, Halliburton, and Nabors Industries.
Currently, the analyst consensus on Halliburton is a Strong Buy with an average price target of $47.33.
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The company has a one-year high of $43.45 and a one-year low of $27.33. Currently, Halliburton has an average volume of 7.44M.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HAL in relation to earlier this year.
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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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