Citi Raises Halliburton Price Target to $45 Amid Sector Adjustments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy HAL?
Source: Yahoo Finance
- Price Target Increase: Citi analyst Scott Gruber raised Halliburton's price target from $38 to $45 while maintaining a Buy rating, reflecting an optimistic outlook on the company's future performance.
- Sector Adjustments: This target adjustment is part of Citi's overall assessment of the oil and gas equipment and services sector, indicating growing confidence in the industry's recovery, particularly as the completion market shows signs of improvement.
- Middle East Uncertainty: The analyst noted that while the completion market is recovering, the complexities in the Middle East still pose uncertainties that could impact the performance of companies operating in that region.
- Investor Attention: As the oil and gas industry undergoes dynamic changes, investors should closely monitor Halliburton and its peers' market performance to make more informed investment decisions in a complex market environment.
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Analyst Views on HAL
Wall Street analysts forecast HAL stock price to fall
18 Analyst Rating
12 Buy
6 Hold
0 Sell
Moderate Buy
Current: 38.150
Low
28.00
Averages
32.31
High
39.00
Current: 38.150
Low
28.00
Averages
32.31
High
39.00
About HAL
Halliburton Company is a provider of products and services to the energy industry. It operates through two segments: Completion and Production and the Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and completion products and services. The segment consists of artificial lift, cementing, completion tools, pipeline and process services, production enhancement, and production solutions. The Drilling and Evaluation segment provides field and reservoir modeling, drilling fluids, evaluation and precise wellbore placement solutions that enable customers to model, measure, drill, and optimize their well construction activities. Its product service lines include Baroid, drill bits and services, Halliburton project management, landmark software and services, Sperry drilling, testing and subsea and wireline and perforating. It also provides advanced drilling automation solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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