Halliburton (HAL) Receives a Buy from Wells Fargo

In a report released today, Judson Bailey from Wells Fargo maintained a Buy rating on Halliburton (HAL). The company’s shares closed last Monday at $20.05, close to its 52-week low of $16.97.

According to TipRanks.com, Bailey has 0 stars on 0-5 star ranking scale with an average return of -10.6% and a 27.4% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Select Energy Services Inc, Oil States International, and Propetro Holding Corp.

Halliburton has an analyst consensus of Strong Buy, with a price target consensus of $30.96, a 54.4% upside from current levels. In a report issued on September 5, Merrill Lynch also maintained a Buy rating on the stock with a $23 price target.

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Halliburton’s market cap is currently $17.56B and has a P/E ratio of 13.19. The company has a Price to Book ratio of 1.84.

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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 Completion and Production, and Drilling and Evaluation segments.