Halliburton Eyes Venezuela Market, Maintains Hold Rating
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Market Focus: Halliburton is closely monitoring developments in the Venezuelan market, showing interest in potential investments despite political and economic risks, indicating confidence in a possible market recovery.
- Rating Maintenance: The company has decided to maintain its 'Hold' rating, reflecting a cautious stance on the current stock price while also indicating a reserved outlook on future profitability amidst market complexities.
- Short-Term Challenges: Halliburton anticipates facing operational pressures in the short term, particularly against the backdrop of global oil and gas market volatility, which may impact its financial performance and investor confidence.
- Earnings Expectations: The company is set to release its Q4 earnings report, with the market keenly watching its performance, especially given the fluctuations in oil prices and uncertain market demand, as investors hope for clear guidance on future prospects.
Analyst Views on HAL
Wall Street analysts forecast HAL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HAL is 32.31 USD with a low forecast of 28.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
12 Buy
6 Hold
0 Sell
Moderate Buy
Current: 32.570
Low
28.00
Averages
32.31
High
39.00
Current: 32.570
Low
28.00
Averages
32.31
High
39.00
About HAL
Halliburton Company is a provider of products and services to the energy industry. The Company 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.
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.
