Recent Research Analysts’ Ratings Updates for Halliburton (HAL)
Halliburton (NYSE: HAL) received a number of price target changes and ratings updates during the last week:
- Halliburton is now covered by analysts at Credit Suisse. They set an “outperform” rating and a $44.00 price target on the stock.
- Halliburton had its price target lowered by analysts at Dahlman Rose from $49.00 to $47.00. They now have a “buy” rating on the stock.
- Halliburton was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating.
- Halliburton was downgraded by analysts at Global Hunter Securities from an “accumulate” rating to a “neutral” rating. They now have a $38.00 price target on the stock, down previously from $40.00. They wrote, “We expect the stock to trade sideways through year-end in the $34 to $38 range. Our US activity forecast for 2013 is below HAL’s implied expectations and thus leads us to keep margins from progressing at the pace HAL expects. While the guar reversal in inventory costs is a tailwind, we do not expect to gain 600 bps back from the current margin levels. While we are long-term bulls on NAM, we believe the next nine months will be very choppy and believe upside is limited in HAL at current levels.”
- Halliburton had its “buy” rating reaffirmed by analysts at Societe Generale. They now have a $47.00 price target on the stock.
Halliburton opened at 32.71 on Thursday. Halliburton has a 52-week low of $26.28 and a 52-week high of $40.43. The company has a market cap of $30.355 billion and a price-to-earnings ratio of 10.57.
Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.