Dallas, Texas 05/20/2014 (FINANCIALSTRENDS) – Oil and gas industry company, Halliburton Company (NYSE:HAL) mainly operates in Drilling & Evaluation and Completion & Production segments. The company offers its services to oil and gas companies worldwide.
Insider Selling:
Recently, the company disclosed through its filing with the SEC that it’s Executive Vice President of Administration, Lawrence J. Pope unloaded 3,000 shares of the company’s common stock in an open market transaction dated May 15, 2014. The stock was sold at an average price of $63.67 for a total transaction value of $191,010. Following this transaction, EVP now owns 158,937 shares of Halliburton Company stock.
Halliburton Company (NYSE:HAL) also disclosed through its filing with the SEC dated May 14, 2014 that the Strategic Advisor to CEO, Timothy J.Probert unloaded 16,688shares of the company’s common stock in an open market transaction dated May 12, 2014. The stock was sold at an average price of $63.54 for a total transaction value of $1.06 million. Following this transaction, Strategic Advisor to CEO now owns 162,276shares of Halliburton Company stock.
Analysts Ratings:
A number of analysts have recently commented on the stock of Halliburton Company. Most recently, investment analysts at FBR Capital Markets raised their price target for the stock to $69 from previously set target of $58. The analysts now maintain an “outperform” rating on the stock. Equities research analysts at Argus maintain a “buy” rating on the stock and they recently raised their price target on the stock from $58 to $79 which suggests a potential upside from its previous closing of $63.21. Analysts at Guggenheim maintain a “neutral” rating on the stock and they recently raised their price target on the stock to $60 from previously set target of $54.
The stock of Halliburton Company (NYSE:HAL) has been given a “hold” rating by seven analysts; a “buy” rating by nineteen analysts; and a “strong buy” rating by one analyst. The stock of the company has a consensus rating of “buy” with an average price target of $68.83.
Stock Update:
Yesterday, the stock of the company closed at $63.21, gaining 0.57% from its previous close.
