Morgan Stanley Reaffirms Their Buy Rating on Halliburton (HAL)
In a report released today, Joe Laetsch from Morgan Stanley maintained a Buy rating on Halliburton, with a price target of $35.00.
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According to TipRanks, Laetsch is a 3-star analyst with an average return of 2.5% and a 59.52% success rate. Laetsch covers the Energy sector, focusing on stocks such as Patterson-UTI, Liberty Oilfield Services, and Halliburton.
Currently, the analyst consensus on Halliburton is a Moderate Buy with an average price target of $36.47.
Based on Halliburton’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.66 billion and a net profit of $589 million. In comparison, last year the company earned a revenue of $5.61 billion and had a net profit of $615 million
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HAL in relation to earlier this year. Last month, Margaret Katherine Banks, a Director at HAL sold 2,600.00 shares for a total of $88,842.00.
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