Brokerage Firm Rating Update on Halliburton Company (HAL)

Halliburton Company (HAL) : Zacks Investment Research ranks Halliburton Company (HAL) as 3, which is a Hold recommendation. 20 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 25 research analysts is 1.52, which indicates as a Buy.

Halliburton Company (HAL) : The highest short term price target forecast on Halliburton Company (HAL) is $60 and the lowest target price is $38. A total of 22 equity analysts are currently covering the company. The average price of all the analysts is $50.36 with a standard deviation of $6.19.


For the current week, the company shares have a recommendation consensus of Buy. Also, Atlantic Equities initiates coverage on Halliburton Company (NYSE:HAL). The rating major has initiated the coverage with underweight rating on the shares. The rating by the firm was issued on August 8, 2016.

Halliburton Company (NYSE:HAL): stock was range-bound between the intraday low of $43.195 and the intraday high of $43.98 after having opened at $43.7 on Wednesdays session. The stock finally closed in the red at $43.7, a loss of -0.37%. The stock remained in the red for the whole trading day. The total traded volume was 5,173,519 shares. The stock failed to cross $43.98 in Wednesdays trading. The stocks closing price on Thursday was $43.73.

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.

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