A report released today by FBR & Co. about Halliburton (NYSE:HAL) ups the target price to $58.00
- Updated: October 14, 2016
Yesterday Halliburton (NYSE:HAL) traded 0.13% higher at $47.02. The company’s 50-day moving average is $43.66 and its 200-day moving average is $42.44. The last stock close price is up 10.79% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 7,327,918 shares of the stock were exchanged, down from an average trading volume of 7,678,560
Reporting a possible upside of 0.23%, FBR & Co. bumped up the target of Halliburton (NYSE:HAL) to $58.00
Previously on Wednesday October 12, 2016, Zacks Investment Research reported about Halliburton (NYSE:HAL) raised the target price from $0.00 to $52.00. At the time, this indicated a possible upside of 0.11%.
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Halliburton has a 52 week low of $27.64 and a 52 week high of $47.96 The company’s market cap is currently $0.
In addition to FBR & Co. reporting its target price, a total of 35 firms have issued a report on the stock. The consensus target price is $47.34 with 15 firms rating the stock a strong buy, 20 firms rating the stock a buy, 4 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
General Information About Halliburton (NYSE:HAL)
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company's Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services. The Company's Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation and wellbore placement solutions that enable customers to model, measure, drill and manage its well construction activities. The Company's baroid provides drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment and waste management services for oil and natural gas drilling, completion and workover operations. The Company operates its business in approximately 80 countries.
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