Halliburton Company (HAL) : Analyst Rating Update

Halliburton Company (HAL) has an average broker rating of 1.42, which is interpreted as a Strong Buy, as rated by 24 equity analysts. Nonetheless, 19 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Halliburton Company (HAL) : Average target price received by Halliburton Company (HAL) is $47.68 with an expected standard deviation of $6.18. The most aggressive target on the stock is $60, whereas the most downbeat target is $33. 22 financial analysts are currently covering the stock.

Halliburton Company (NYSE:HAL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.36 and $42.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.65, notching a gain of 0.28% for the day. The total traded volume was 8,205,997 . The stock had closed at $43.53 on the previous day.

Also, Griffen Securities upgrades its rating on Halliburton Company (NYSE:HAL). Analysts at the Griffen Securities have a current rating of Buy on the shares. The rating by the firm was issued on May 19, 2016. The company shares have rallied 6.33% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $46.69 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $43.41 and the 200 Day Moving Average price is recorded at $36.94.

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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