Why Halliburton Rallied Today
Shares of (NYSE: HAL) rallied 4.7% on Wednesday as of 12:48 p.m. EST.
The oilfield services giant delivered a fourth-quarter earnings beat earlier this morning. Yet even though revenue and earnings beat analysts' expectations, the numbers themselves were rather tepid.
Therefore, today's jump could likely be attributed to management's optimistic view of the company's potential in Venezuela, given the leadership changes in that country earlier this month.
Source Fool.com
Halliburton Co. Stock
€29.78
-0.900%
With 38 Buy predictions and not a single Sell prediction Halliburton Co. is an absolute favorite of our community.
As a result the target price of 32 € shows a slightly positive potential of 7.45% compared to the current price of 29.78 € for Halliburton Co..
