Analyst Ratings for Halliburton Co. (HAL)Updated: 2017-07-28
An average rating of Buy has been given to Halliburton Co. (NYSE:HAL) by analysts covering the stock. About 30 days ago, HAL was issued an average rating of Buy.
A buy rating was issued by 29 analysts, 3 gave an overweight rating, 5 gave a hold rating, 1 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 4 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.
Several price targets were given for HAL by the analysts covering the stock. The most optimistic analyst gave a price target of 70, implying potential capital gains of 62.45 percent. The lowest price target was 38, which equates to a potential downside of -11.81 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 10.8 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 14.31 percent. Meanwhile, fiscal year estimates have been revised upwards by 8.63 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 10.32 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 7 analysts increased their quarterly estimates, while 2 analysts made negative revisions. During this time, 8 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.
In the last 52-weeks, HAL has achieved a high of 58.78 and a low of 40.12. The current market price is above the trailing year's low by 7.4 percent, and 26.69 percent below the high. HAL has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The HAL value stock report compares HAL to some of its peers using value stock charts. The market cap of HAL is $37.6 billion. HAL's next earnings release will be on 0000-00-00, which is days away.