Susquehanna hauls-up Halliburton Company (NYSE:HAL)

Posted by Samantha Donahue August 21, 2013 0 Comment 970 views

On Monday, Susquehanna’ equity research analysts raised their price-target on Halliburton Company (NYSE:HAL) shares from C$54.00 to c$55.00. Currently, they have a “positive” rating on its stock. The company’s price target indicates a 350.82% potential upside from the previous close of the stock.

HAL stock rose 1.50% in Tuesday’s trading. The opening price of the shares was $46.60. It reached an intraday high of $47.67 and closed at $47.35. Over 15.04 million shares exchanged hands in the last trading session while the average volume of shares traded over 30 days was 8.89 million. The company has a market cap of $43.26 billion. HAL’s 52-week low is $11.10 and its 52-week high is $12.63. The 50-day moving average of the stock is $12.22 and the 200-day moving average stands at $12.20.

Other analysts

Apart from Susquehanna, numerous other analysts have commented on the HAL stock recently. Barclays capital’s analysts have raised their price-target on the company’s shares from C$60 to C$71.00, on 12 August and have assigned the stock with an “overweight” rating. Cowen and Company analysts increased their price-targets from C$57.00 to C$63.00 on 25 July and set an “outperform” rating on HAL stock. Credit Suisse analysts also raised their price target from C$53.00 to C$55.00 on 24 July and have set an “outperform” rating on HAL stock.

One research analyst has assigned a “sell” rating, 14 have assigned a “buy” rating and 1 analyst has given a “strong buy” rating. The average rating on the stock is currently a “buy” and the consensus price-target is C$55.31.

The company
HAL is an oilfield-services company. It provides products and services to the energy industry and is related to exploring, development as well as production of oil and natural gas. It serves independent O&G companies within the country and well as across the world. It operates in two distinct segments- Drilling and Evaluation segment and Completion and Production segment.

About Samantha Donahue

Samantha Donahue is a digital fellow with GDP insider. Samantha earned a Bachelor's degree in Government from Cornell University and later his Master's degree in Journalism from Columbia University. She has also received numerous awards from the Associated Press, Society of Professional Journalists, and other media organizations for many of her exclusive stories. Samantha thrives reporting on breaking news and as a general assignments news reporter.

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