Vetr has lowered the price target on the stock of the oil company by giving a 'buy' rating to the shares
In the latest Halliburton news it was made evident that analyst firm Vetr has downgraded the shares of the company after the negative trade that the company went through in the last session. The financial firm has presented the company with a 'buy' rating which was a 'strong buy' previously. This report was submitted by the firm on Monday, 23rd March 2015. The guidance report was directed towards the investors so that they could get an idea about the current position of the company's shares.
On an average, the analysts have granted Halliburton with a price target set at $53.11. On the other hand, many prominent transactions were made inside the stock of the company. Among the most important transactions, one was made by Jeffrey Allen, who is the oil drilling company's CEO, in which he sold a massive 6000 shares on the stock index in between the hyped up trading session which was scheduled to happen on Friday, 20th March 2015.
Halliburton's stock was observed to be sold at a price of $42.50 per share and the total amount that was received by the massive shareholder by the end of the trade was $255,000,00. This trade of shares was recorded in a filing and was submitted to the Securities Exchange Commission as all the shareholders who own more than 10% of the company's shares have to report to the Commission if they undergo any transaction on the company's stock index.
Halliburton Company was seen trading upwards by a massive 2.19% during the trading session that the company went through on Monday 23rd March 2015. The share price successfully managed to reach a share price of $43.46 by the end of the session. It was recorded that the oil drilling company was seen with total shares of 17,249,978 on the same trading day. On the other hand, the oil field services providing company has reported a 1 year high of $74.33 and also disclosed that the 1 year low of the firm is $37.21. The oil company's stock has moving of 200 day estimated at $47 whereas the 50 day moving of the company has been set at $42.
Various other equity firms has covered the stock of the company and given different ratings. Equity firm Oppenheimer has downgraded the stock of Halliburton Company by giving a price target of $60.00 from a previous rating of $64.00. The analysts of the company also gave an 'outperform' rating to the stock of the company in a research note submitted by the firm on Thursday, 12th March 2015.