Susquehanna Maintains Positive Rating for Halliburton: Here's What You Need To Know

Susquehanna has decided to maintain its Positive rating of Halliburton HAL and raise its price target from $44.00 to $48.00.

Shares of Halliburton are trading down 3.38% over the last 24 hours, at $38.70 per share.

A move to $48.00 would account for a 24.01% increase from the current share price.

About Halliburton

Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the number-one pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.