Halliburton (HAL) Given New $67.00 Price Target by RBC Capital (RY) Analysts.
Thursday, July 14, 2021 10:51 AM

Equities research analysts at RBC Capital (NYSE: RY) boosted their price target on shares of Halliburton (NYSE: HAL) from $65.00 to $67.00 in a research note to investors on Thursday. The analysts currently have an "outperform" rating on the stock.

Separately, analysts at Argus raised their price target on shares of Halliburton from $56.00 to $63.00 in a research note to investors on Wednesday, July 6th. They now have a "buy" rating on the stock. Also, analysts at JPMorgan Chase & Co. (NYSE: JPM) reiterated an "overweight" rating on shares of Halliburton in a research note to investors on Tuesday, July 5th.

Shares of Halliburton traded up 0.06% during mid-day trading on Friday, hitting $52.65. Halliburton has a 52 week low of $27.31 and a 52 week high of $54.55. The stock's 50-day moving average is $49.24 and its 200-day moving average is $46.32. The company has a market cap of $48.175 billion and a price-to-earnings ratio of 22.42.

Halliburton last announced its quarterly results on Monday, April 18th. The company reported $0.61 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.58 EPS by $0.03. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 40.40% on a year-over-year basis. On average, analysts predict that Halliburton will post $0.82 EPS next quarter.

Halliburton Company provides a variety of services and products to customers in the energy industry related to the exploration, development, and production of oil and natural gas. The Company serves oil and natural gas companies throughout the world and operates under two segments: the Completion and Production segment, and the Drilling and Evaluation segment. It conducts business worldwide in approximately 70 countries. The business operations of its divisions are organized in four primary geographic regions: North America, Latin America, Europe/Africa/CIS, and Middle East/Asia. In September 2010, the Company acquired Boots & Coots, Inc. In September 2010, the Company acquired The Permedia Research Group.

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