In a report released today, Kurt Hallead from Benchmark Co. maintained a Buy rating on Halliburton (HAL – Research Report), with a price target of $45.00. The company’s shares closed yesterday at $38.59.
Hallead covers the Energy sector, focusing on stocks such as Baker Hughes Company, Schlumberger, and Weatherford International. According to TipRanks, Hallead has an average return of 2.7% and a 39.01% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Halliburton with a $49.08 average price target, implying a 27.18% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $54.00 price target.
Based on Halliburton’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.87 billion and a net profit of $1.31 billion. In comparison, last year the company earned a revenue of $6.97 billion and had a net profit of $637 million
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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