After Morgan Stanley and Wells Fargo gave Halliburton (NYSE: HAL) a Buy rating last month, the company received another Buy, this time from Citigroup. Analyst Scott Gruber maintained a Buy rating on Halliburton today and set a price target of $25.00. The company’s shares closed last Monday at $19.15, close to its 52-week low of $16.97.
According to TipRanks.com, Gruber is a 1-star analyst with an average return of -3.6% and a 39.2% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Diamond Offshore Drilling, and Oceaneering International.
Currently, the analyst consensus on Halliburton is a Strong Buy with an average price target of $30.05, implying a 61.8% upside from current levels. In a report issued on October 8, Morgan Stanley also maintained a Buy rating on the stock with a $30.00 price target.
See today’s analyst top recommended stocks >>
Halliburton’s market cap is currently $16.21B and has a P/E ratio of 12.17. The company has a Price to Book ratio of 1.70.
Based on the recent corporate insider activity of 59 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 Completion and Production, and Drilling and Evaluation segments.
Read More on HAL:
