Zacks Investment Research downgraded Halliburton Company (NYSE:HAL) to Hold in a report released today.
- Updated: October 14, 2016
Zacks Investment Research has downgraded Halliburton Company (NYSE:HAL) to Hold in a report released on 10/14/2016.
Previously on Wednesday October 12, 2016, Zacks Investment Research reported about Halliburton Company (NYSE:HAL) raised the target price from $0.00 to $52.00. At the time, this indicated a possible upside of 0.11%.
Yesterday Halliburton Company (NYSE:HAL) traded 0.13% higher at $46.93. 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
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Halliburton Company 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 Zacks Investment Research reporting its target price, a total of 35 firms have reported 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.
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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