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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Halliburton with a $41.78 average price target, a 44.4% upside from current levels. In a report issued on July 5, J.P. Morgan also maintained a Buy rating on the stock with a $50.00 price target.
Based on Halliburton’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.28 billion and net profit of $263 million. In comparison, last year the company earned revenue of $3.71 billion and had a net profit of $227 million.
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Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the following segments: Completion and Production, and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.
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