Technical and Fundamental Insights on Halliburton Co (NYSE:HAL)

Halliburton Co (NYSE:HAL) (Trend Analysis) shares were traded with thin volume. The stock closed last trading session at $38.84, up by 0.39%, with a volume of 8,276,696 shares against an average amount for the last three months of 11,406,000.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

Halliburton Co (NYSE:HAL) stock is currently trading 18.91% below its 52-week-high, 40.52% above its 52-week-low. The 1-year stock price history is in the range of $27.64 – $47.9. Halliburton Co (HAL) has a price to book ratio of 2.14 versus Basic Materials sector average of 2.75. HAL stock price has outperformed the S&P 500 by 12%. The Oil Field Services company is currently valued at $33.34 billion, and its share price closed the last trading session at $38.84. The stock has a 50-day moving average of $38.14 and a 200-day moving average of $35.57.

Halliburton Co (HAL) current short interest stands at 30.01 million shares. It has decreased by 8% from the same period of last month. Around 29% of the company’s shares, which are float, are short sold. With a 10-days average volume of 14.24 million shares, the number of days required to cover the short positions stand at 2.2 days.

HAL is forecasted to report earnings per share of $-0.12 and a revenue of $3.84 billion for the 2nd Quarter of the fiscal year 2016. Halliburton Co (HAL) declared last quarter earnings on May 03. The Oil Field Services company announced last quarter earnings per share of $0.07 against a consensus Street estimate of $0.04, beating the average estimate by $0.03. The company posted a revenue of $4.2 billion compared to an estimation of $4.16 billion.

Is this a Trading Opportunity? Click here for a free Trend Analysis Report

There are currently thirty-nine analysts that cover Halliburton Co stock. Of those thirty-nine, thirty have a Buy rating, seven have a Hold rating and two have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $44.88.

A recent analyst activity consisted of Goldman Sachs who resumed their coverage on the stock with Buy rating on May 9. Goldman Sachs fixed their price target at $46. This corresponds to a 18.43% upside from the last closing price. On the date of report, the stock closed at $38.69.

iBERIA Capital Partners reiterated their Outperform stance on May 4, and increased their price target on HAL stock from $40 to $50. This corresponds to a 28.73% upside from the last closing price. On the date of report, the stock closed at $39.86.

Another research firm was Citigroup who reiterated their Buy stance on April 25. Citigroup increased their price target on Halliburton Co from $47 to $48. This translates to a 23.58% upside from the last closing price. On the date of report, the stock closed at $40.04.

Company snapshot

Halliburton Company provides energy services and engineering and construction services, as well as manufactures products for the energy industry. The Company offers services and products and integrated solutions to customers in the exploration, development, and production of oil and natural gas.

Technical and Fundamental Insights on Halliburton Co (NYSE:HAL) was last modified: May 11th, 2016 by Steven Finley