Why Halliburton Rallied Today
Shares of (NYSE: HAL) had rallied 9.6% on Tuesday at 1:00 p.m. ET.
Halliburton and other oil-and-gas-related stocks took off today as oil and gas prices rose due to increasing and worrying tensions between NATO countries and Russia.
After last week's incursion of Russian drones into NATO airspace, NATO leaders declared today that there would be a "robust" response to the recent incursion. That likely means further sanctions, which could further limit Russian supply to global markets, with Russia accounting for about 10% of total global oil supply.
Source Fool.com
Halliburton Co. Stock
€28.47
-0.640%
With 37 Buy predictions and not a single Sell prediction Halliburton Co. is an absolute favorite of our community.
As a result the target price of 29 € shows a slightly positive potential of 1.88% compared to the current price of 28.47 € for Halliburton Co..
