Boston, MA 10\/23\/2013 (wallstreetpr) –\u00a0What if\u00a0Halliburton Company (NYSE:HAL) fails to deliver on the high expectations placed on it? Of course it will crash. At the moment the oilfield services company is getting upbeat sentiments from analyst studying the company, and the figures they float are just huge. Trading up $51.78 on Tuesday, HAL has its latest price targets lifted to $75 from $63 at Cowen and Company. This new price target indicates a potential growth of nearly 48.05% from its current price. Cowen and Company has an outperform rating on the stock.<\/p>\n
Cowen and Company is just the latest agency to issue upbeat sentiment on HAL, the oilfield services company which recently exceeded analysts\u2019 predictions in its Q3.13 earnings. From the analysts\u2019 view, the lowest rating agency has a price target of $60 on the stock. This is UBS AG after cutting its price target on HAL in a note to investors Tuesday.<\/p>\n
On average, HAL has a consensus buy rating and consensus price target of $59.80. This follows sentiments from at least 30 analysts following the stock. Among these analysts, 23 have issued a buy; five has assigned it hold while two have issued a sell rating.<\/p>\n
In most recent posting for Q3.13, HAL reported $0.83 earnings per share on revenue of $7.50 billion. It missed the consensus estimate of $0.84 on per share, but matched the consensus revenue of $7.50 billion. In the Q3.12 earnings, HAL reported $0.67 per share. Its revenue this time around went up by 5.1% compared to the similar quarter a year ago.<\/p>\n
The oilfield services provider is now expected by analysts to hit $3.20 EPS in the current fiscal year. While HAL posted profits in its Q3.13 earnings, these were dwarfed by its peers in the industry that posted large-than-anticipated profits. So while it remains a favorite investment stock, it is facing the pressure to post in the league of its peers or at least perform better than them in the coming quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 10\/23\/2013 (wallstreetpr) –\u00a0What if\u00a0Halliburton Company (NYSE:HAL) fails to deliver on the high expectations placed on it? Of course it will crash. At the […]<\/p>\n","protected":false},"author":13,"featured_media":11036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[378,3610,1777,952],"stock_ticker":[],"class_list":["post-11017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-hal","tag-halliburton-company","tag-halliburton-company-nysehal","tag-nysehal","entry"],"acf":[],"yoast_head":"\n