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RBC Capital Sticks to Its Buy Rating for Halliburton (HAL)

Tipranks - Tipranks - Fri Jan 23, 6:24AM CST

In a report released yesterday, Shagun Singh Chadha from RBC Capital maintained a Buy rating on Halliburton, with a price target of $38.00. The company’s shares closed yesterday at $33.36.

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According to TipRanks, Singh Chadha is a 3-star analyst with an average return of 2.5% and a 51.15% success rate. Singh Chadha covers the Healthcare sector, focusing on stocks such as Edwards Lifesciences, Insulet, and Dexcom.

Currently, the analyst consensus on Halliburton is a Moderate Buy with an average price target of $34.56, implying a 3.60% upside from current levels. In a report released today, Goldman Sachs also maintained a Buy rating on the stock with a $40.00 price target.

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Based on Halliburton’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.6 billion and a net profit of $18 million. In comparison, last year the company earned a revenue of $5.7 billion and had a net profit of $571 million

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