In a report issued on April 3, Kurt Hallead from RBC Capital maintained a Buy rating on Halliburton (HAL), with a price target of $9.00. The company’s shares closed last Friday at $7.61, close to its 52-week low of $4.25.
According to TipRanks.com, Hallead has 0 stars on 0-5 star ranking scale with an average return of -20.2% and a 26.2% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Oceaneering International.
Halliburton has an analyst consensus of Moderate Buy, with a price target consensus of $12.29, a 57.0% upside from current levels. In a report issued on April 1, Stifel Nicolaus also maintained a Buy rating on the stock with a $8.00 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. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.
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