Halliburton (HAL) Receives "Moderate Buy" Rating from Analysts

In-Depth Analysis

Halliburton (HAL &ref=yanuki.com) operates in the energy industry, providing products, and services worldwide. Recent analyst ratings show a positive trend. HSBC Global Res upgraded Halliburton from 'hold' to 'strong buy'. Susquehanna boosted their price target to $29.00, and Melius initiated coverage with a 'buy' rating and a $41.00 price target.

HAL stock opened at $26.68 on Wednesday. The company's financial metrics include a market cap of $22.45 billion, a PE ratio of 17.67, and a beta of 1.02. Halliburton's last earnings report showed $0.58 EPS, beating estimates by $0.08. The business's quarterly revenue was down 1.7% on a year-over-year basis.

Halliburton also declared a quarterly dividend of $0.17 per share, paid on September 24th, representing an annualized dividend of $0.68 and a yield of 2.5%.

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FAQ

What is the consensus recommendation for Halliburton?

Halliburton has a consensus recommendation of 'Moderate Buy'.

What is the average 12-month target price for Halliburton?

The average target price is $31.40.

What was Halliburton's EPS for the last quarter?

Halliburton reported $0.58 EPS for the quarter.

Takeaways

Analysts have a generally positive outlook on Halliburton, with a 'Moderate Buy' rating.
The stock price has potential for growth based on the average 12-month target price.
Halliburton's recent earnings exceeded expectations, indicating strong financial performance.
Investors should consider these factors when evaluating Halliburton (HAL &ref=yanuki.com) as a potential investment.

Discussion

What are your thoughts on Halliburton's prospects? Do you think the 'Moderate Buy' rating is justified? Share this article with others who need to stay ahead of this trend!

Sources

Halliburton, SLB launched Buy at Rothschild Redburn as U.S. oil services 'down but not out' Halliburton Company (NYSE:HAL) Receives Consensus Recommendation of "Moderate Buy" from Analysts Halliburton stock rating initiated at Buy by Rothschild Redburn

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