After Credit Suisse and Societe Generale gave Halliburton (NYSE: HAL) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst David Anderson maintained a Buy rating on Halliburton yesterday and set a price target of $43. The company’s shares closed yesterday at $30.90.
According to TipRanks.com, Anderson is ranked 0 out of 5 stars with an average return of -6.3% and a 36.4% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Baker Hughes a GE company, and Oceaneering International.
Halliburton has an analyst consensus of Strong Buy, with a price target consensus of $42.67, representing a 38.1% upside. In a report issued on January 6, Wells Fargo also maintained a Buy rating on the stock.
See today’s analyst top recommended stocks >>
The company has a one-year high of $57.86 and a one-year low of $24.70. Currently, Halliburton has an average volume of 12.09M.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the following segments: Completion & Production, and Drilling & Evaluation business segments.
