Shares of HAL lost 10 cents on Friday to close at $48.13.Jefferies & Co. is out with a research note on the oil services names, and it has a Buy rating and a $59 price target on shares of Halliburton (NYSE: HAL).
Shares of Halliburton traded down 3.98% during mid-day trading on Tuesday, hitting $45.0625. Halliburton has a 52 week low of $21.10 and a 52 week high of $50.74. The stock’s 50-day moving average is $46.65 and its 200-day moving average is $40.43. The company has a market cap of $41.158 billion and a price-to-earnings ratio of 23.30.
PS: Halliburton Co. said Monday that it has been contracted by Exxon Mobil Corp. to use three drilling rigs to provide oil drilling services at a large field under development in southern Iraq.