Barclays analyst David Anderson maintained a Hold rating on Halliburton (HAL) yesterday and set a price target of $7.50. The company’s shares closed last Monday at $4.80, close to its 52-week low of $4.25.
According to TipRanks.com, Anderson ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -11.5% and a 32.6% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Nextier Oilfield Solutions, Diamond Offshore Drilling, and Oceaneering International.
Halliburton has an analyst consensus of Moderate Buy, with a price target consensus of $16.50, representing a 245.2% upside. In a report issued on March 9, Citigroup also downgraded the stock to Hold with a $14.00 price target.
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Based on Halliburton’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.19 billion and GAAP net loss of $1.65 billion. In comparison, last year the company earned revenue of $5.94 billion and had a net profit of $664 million.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HAL in relation to earlier this year.
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 and Production, and Drilling and Evaluation.
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