Halliburton Company (NYSE:HAL) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 27, 2016
Zacks Investment Research has downgraded Halliburton Company (NYSE:HAL) to Hold in a statement released on 11/22/2016.
On 11/21/2016, Zacks Investment Research released a statement for Halliburton Company (NYSE:HAL) bumped up the target price from $0.00 to $55.00 that suggested an upside of 0.12%.
Boasting a price of $50.10, Halliburton Company (NYSE:HAL) traded 0.08% higher on the day. With the last stock price close up 11.22% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Halliburton Company has recorded a 50-day average of $47.78 and a two hundred day average of $44.52. Volume of trade was down over the average, with 2,736,261 shares of HAL changing hands under the typical 8,028,480
With a total market value of $0, Halliburton Company has with a one year low of $27.64 and a one year high of $50.49 .
A total of 35 equity analysts have released a research note on HAL. Fifteen equity analysts rating the company a strong buy, twenty equity analysts rating the company a buy, four equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $47.34.
Brief Synopsis About Halliburton Company (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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