Why Halliburton and Other Oil Stocks Rallied Today
Shares of oil and gas services firm (NYSE: HAL) rallied as much as 4.7% on Friday, before settling into a 3.4% gain as of 12:30 p.m. ET.
Halliburton is the third-largest oilfield services company in the world, so any time oil prices go up, it's a recipe for potential further investment by oil companies in exploration, completion, and production enhancement services.
So, it's no surprise that Halliburton was rising when oil prices spiked on Friday, following Israel's strike on OPEC+ country Iran.
Source Fool.com
Halliburton Co. Aktie
18,18 €
0,90 %
Klare Kaufstimmung: Halliburton Co. hat 42 Buy-Einschätzungen und keine Sell-Einschätzung.
Das Kursziel von 35 € für Halliburton Co. signalisiert eine mögliche Steigerung von über 50% gegenüber 18.18 €.
