Halliburton Company (HAL) : Money flow in the Halliburton Company (HAL) stock was negative (2.36 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $36.29 million, compared to $38.65 million on downticks. The total uptick to downtick ratio was 0.94, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.14 million), indicating selling on the strength. The transaction value during uptick in block trades was $4.21 million. Downtick transaction value in block trades amounted to $4.35 million, indicating persistent selling. The uptick to downtick ratio was 0.97. Halliburton Company (HAL) traded $0.03 higher at $43.68 gaining 0.07% over the previous days close.
Halliburton Company (HAL) stock is expected to deviate a maximum of $6.18 from the average target price of $47.68 for the short term period. 22 Street Experts have initiated coverage on the stock with the most promising target being $60 and the most muted being $33. The stock has recorded a 20-day Moving Average of 1.73% and the 50-Day Moving Average is 2.84%.
Halliburton Company (NYSE:HAL): The stock opened at $44.02 on Thursday but the bulls could not build on the opening and the stock topped out at $44.93 for the day. The stock traded down to $43.21 during the day, due to lack of any buying support eventually closed down at $43.55 with a loss of -0.23% for the day. The stock had closed at $43.65 on the previous day. The total traded volume was 8,516,273 shares.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates operate under two divisions, which form the basis for its two operating segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Companys Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services. Production Enhancement services include stimulation services and sand control services. The Companys Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and precise wellbore placement solutions. The Company conducts its business in approximately 80 countries.