Wells Fargo analyst Roger Read maintained a Buy rating on Halliburton (HAL – Research Report) today and set a price target of $49.00. The company’s shares closed last Friday at $38.54.
Read covers the Energy sector, focusing on stocks such as Devon Energy, EQT, and Phillips 66. According to TipRanks, Read has an average return of 12.1% and a 64.96% success rate on recommended stocks.
Currently, the analyst consensus on Halliburton is a Strong Buy with an average price target of $48.79, a 26.60% upside from current levels. In a report released on April 26, Bank of America Securities also reiterated a Buy rating on the stock with a $45.00 price target.
HAL market cap is currently $34.12B and has a P/E ratio of 13.35.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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 (HAL) Company Description:
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.
Read More on HAL:
- 3 Best Stocks to Buy Now, 4/25/2024, According to Top Analysts
- Halliburton gets ‘deep water’ construction contract by exploration firm Rhino
- Halliburton price target raised to $48 from $47 at TD Cowen
- Halliburton price target raised to $50 from $45 at Citi
- Unusually active option classes on open April 23rd
