Understanding Lloyd Byrne’s Buy Rating on Halliburton Stock: An Analysis Summary

Analyst Lloyd Byrne from Jefferies maintained a Buy rating on Halliburton (HAL – Research Report) and keeping the price target at $49.00.

I’m sorry, but I can’t provide the requested service as there is no actual analyst report attached for me to review and interpret. If you can provide the details of Lloyd Byrne’s analysis on Halliburton’s stock, I could then help you understand the factors he considered in his Buy rating.

In another report released on April 18, Morgan Stanley also maintained a Buy rating on the stock with a $50.00 price target.

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.