Stock On Watch: Time to Buy Halliburton Company After Today’s Significant Increase?

Stock On Watch: Time to Buy Halliburton Company After Today's Significant Increase?

The stock of Halliburton Company (NYSE:HAL) is a huge mover today! About 6.80 million shares traded hands. Halliburton Company (NYSE:HAL) has risen 25.66% since April 13, 2016 and is uptrending. It has outperformed by 21.73% the S&P500.
The move comes after 9 months positive chart setup for the $43.11 billion company. It was reported on Nov, 15 by Barchart.com. We have $83.55 PT which if reached, will make NYSE:HAL worth $29.31B more.

Halliburton Company (NYSE:HAL) Ratings Coverage

Out of 28 analysts covering Halliburton Company (NYSE:HAL), 24 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 86% are positive. Halliburton Company has been the topic of 86 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Cowen & Co maintained Halliburton Company (NYSE:HAL) on Thursday, October 20 with “Market Perform” rating. Jefferies maintained Halliburton Company (NYSE:HAL) on Monday, July 11 with “Buy” rating. The firm has “Outperform” rating given on Wednesday, May 4 by iBERIA Capital Partners. Morgan Stanley maintained Halliburton Company (NYSE:HAL) rating on Thursday, October 20. Morgan Stanley has “Overweight” rating and $63 price target. Griffen Securities upgraded the stock to “Buy” rating in Thursday, May 19 report. On Tuesday, January 26 the stock rating was maintained by Cowen & Co with “Market Perform”. The stock of Halliburton Company (NYSE:HAL) has “Sector Perform” rating given on Wednesday, June 15 by Howard Weil. The firm has “Overweight” rating given on Wednesday, February 24 by Barclays Capital. Citigroup maintained it with “Buy” rating and $52 target price in Wednesday, July 13 report. HSBC downgraded Halliburton Company (NYSE:HAL) on Tuesday, January 26 to “Hold” rating.

According to Zacks Investment Research, “Halliburton is one of the world’s largest providers of products and services to the energy industry. The company serves the upstream oil and gas industry throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field. The company operates under two main segments: Completion and Production, and Drilling and Evaluation.”

Insitutional Activity: The institutional sentiment increased to 0.85 in 2016 Q2. Its up 0.06, from 0.79 in 2016Q1. The ratio increased, as 74 funds sold all Halliburton Company shares owned while 330 reduced positions. 95 funds bought stakes while 250 increased positions. They now own 672.60 million shares or 0.48% less from 675.85 million shares in 2016Q1.
Twin Cap Mngmt, a Pennsylvania-based fund reported 86,690 shares. Swedbank has invested 1.06% of its portfolio in Halliburton Company (NYSE:HAL). Ledyard Bank & Trust reported 1,848 shares or 0.02% of all its holdings. Cmt Asset Mgmt last reported 0.03% of its portfolio in the stock. Piedmont Investment Ltd Liability Co has invested 0% of its portfolio in Halliburton Company (NYSE:HAL). Gradient Lc has 86 shares for 0% of their US portfolio. Prudential Public Limited Company last reported 3.88M shares in the company. Kopp Advsrs Ltd Limited Liability Company last reported 0.48% of its portfolio in the stock. Crawford Investment Counsel has 4,937 shares for 0.01% of their US portfolio. Johnson Fincl Grp Incorporated, a Wisconsin-based fund reported 2,277 shares. Apg Asset Management Nv holds 0.08% or 974,770 shares in its portfolio. Tph Asset Mngmt Ltd Liability Corporation owns 540,135 shares or 2.37% of their US portfolio. Tortoise Capital Ltd Limited Liability Company holds 0.01% of its portfolio in Halliburton Company (NYSE:HAL) for 24,301 shares. Boothbay Fund Management Ltd Company accumulated 0.12% or 5,466 shares. Swiss State Bank last reported 0.18% of its portfolio in the stock.

Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 8 sales for $7.41 million net activity. 19,776 shares were sold by Miller Jeffrey Allen, worth $889,920 on Tuesday, June 7. Another trade for 1,172 shares valued at $58,858 was sold by Rainey Joe D. Another trade for 10,400 shares valued at $520,520 was sold by Pope Lawrence J. Another trade for 28,439 shares valued at $1.34 million was sold by Brown James S. $421,900 worth of Halliburton Company (NYSE:HAL) was sold by Carre Eric. LESAR DAVID J had sold 10,000 shares worth $499,900 on Wednesday, October 19.

More notable recent Halliburton Company (NYSE:HAL) news were published by: Seekingalpha.com which released: “Halliburton Company: Priced For An Unlikely Return To Robust Activity Of Boom …” on November 14, 2016, also Fool.com with their article: “Halliburton Company: The Oil Market Revival Is Just Around the Corner” published on October 30, 2016, Seekingalpha.com published: “Halliburton Is Worth Less Than $15” on November 10, 2016. More interesting news about Halliburton Company (NYSE:HAL) were released by: Chron.com and their article: “Former Halliburton employees establish manufacturing company” published on November 10, 2016 as well as Nasdaq.com‘s news article titled: “One Put, One Call Option To Know About for Halliburton” with publication date: November 14, 2016.

HAL Company Profile

Halliburton Company, incorporated on November 7, 1996, is a well-known provider of services and products to the upstream oil and natural gas industry. The Firm operates through two divisions: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services and products. The Company’s Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation and wellbore placement solutions that enable clients to model, measure, drill, and manage its well construction activities. The Firm operates its business in approximately 80 countries.

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