Wells Fargo analyst Judson Bailey maintained a Buy rating on Halliburton (HAL) yesterday. The company’s shares closed on Friday at $28.42, close to its 52-week low of $24.70.
According to TipRanks.com, Bailey is a 1-star analyst with an average return of -5.7% and a 28.8% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Select Energy Services Inc, and Baker Hughes a GE company.
Currently, the analyst consensus on Halliburton is a Strong Buy with an average price target of $44.38.
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Based on Halliburton’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.17 billion and net profit of $435 million. In comparison, last year the company earned revenue of $5.94 billion and had a GAAP net loss of $824 million.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is neutral on the stock.
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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.
