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
€31.35
1.360%
With 56 Buy predictions and 1 Sell predictions Halliburton Co. is one of the favorites of our community.
As a result the target price of 35 € shows a slightly positive potential of 11.64% compared to the current price of 31.35 € for Halliburton Co..
