Jefferies Remains a Buy on Halliburton

By Ryan Adsit

In a report released yesterday, Sheila Kahyaoglu from Jefferies reiterated a Buy rating on Halliburton (NYSE: HAL), with a price target of $69. The company’s shares closed yesterday at $45.41.

According to, Kahyaoglu is a 4-star analyst with an average return of 6.0% and a 66.0% success rate. Kahyaoglu covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Transdigm Group Inc, and L-3 Communications.

Currently, the analyst consensus on Halliburton is Strong Buy and the average price target is $62.78, representing a 38.3% upside.

In a report issued on May 19, RBC Capital also reiterated a Buy rating on the stock with a $65 price target.

The company has a one year high of $58.78 and a one year low of $40.12. Currently, Halliburton has an average volume of 8.82M.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HAL in relation to earlier this year. Most recently, in February 2017, Murry Gerber, a Director at HAL bought 5,390 shares for a total of $307,817.

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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 Completion and Production; and Drilling and Evaluation business segments. 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.