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Goldman Sachs Sticks to Its Buy Rating for Halliburton (HAL)

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

In a report released today, Neil Mehta from Goldman Sachs maintained a Buy rating on Halliburton, with a price target of $40.00.

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Mehta covers the Energy sector, focusing on stocks such as Halliburton, Chevron, and Marathon Petroleum. According to TipRanks, Mehta has an average return of 9.1% and a 59.12% success rate on recommended stocks.

In addition to Goldman Sachs, Halliburton also received a Buy from Morgan Stanley’s Joe Laetsch in a report issued today. However, on the same day, TipRanks – Google reiterated a Hold rating on Halliburton (NYSE: HAL).

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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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