Halliburton Company (HAL) has risen sharply, recording gains of 2.06% in the past 4 weeks. However, the stock has corrected -4.89% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.28% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.8% and the fifty day Moving Average is 0.76%. Halliburton Company is up 4.65% in the last three month period. Year-to-Date the stock performance stands at 32.18%.
Halliburton Company (HAL) : 22 Wall Street analysts covering Halliburton Company (HAL) believe that the average level the stock could reach for the short term is $50.36. The maximum price target given is $60 and the minimum target for short term is around $38, hence the standard deviation is calculated at $6.19.
Halliburton Company (NYSE:HAL): On Fridays trading session , Opening price of the stock was $44.65 with an intraday high of $45.27. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $44.36. However, the stock managed to close at $44.56, a loss of 0.02% for the day. On the previous day, the stock had closed at $44.57. The total traded volume of the day was 5,249,683 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.