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
€32.69
0.930%
The stock is an absolute favorite of our community with 45 Buy predictions and no Sell predictions.
With a target price of 34 € there is a slightly positive potential of 4.01% for Halliburton Co. compared to the current price of 32.69 €.
