Susquehanna hauls-up Halliburton Company (NYSE:HAL)
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.
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.
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.