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This Week’s Stock Picks & BNN Top Picks Summary: BN-T, INTU-Q and 23 Stock Top Picks (Mar 15-21)BOC holds rate, oil sinksTSX edges up, but Wall St. fear ratesThis summary was created by AI, based on 5 opinions in the last 12 months.
Halliburton Co (HAL-N) is viewed positively by experts, with strong financials including growing cash reserves, decreasing debt, and share buybacks. The company remains resilient despite its exit from Russia, with a robust 30% return on equity. There is confidence in the company's future outlook, especially in the international business, which is driving growth. However, concerns about the bearish oil outlook due to Russia's deceptive selling of oil to fund the Ukraine war has led to some experts trimming their positions in HAL.
They just topped EPS, but missed revenues, with US revenue falling sequentially. Guidance was positive with oilfield services to remain strong; their international business will drive growth (i.e. Middle East, Africa). They're also confident about their construction business.
The time to buy oil stocks was over a month ago, not now after the price of crude as surged. Where were these "buy" experts? He just sold some shares of HAL into strength to take profits.
Is bearish because Russia will keep selling deceitfully its oil around the world to fund its Ukraine war. Given this, he trimmed HAL.
(A Top Pick November 10/17 - Down 5%.) Continuous to like it. They have had some issues similar to what Canadian companies have in terms of not being able to get the product out. Not enough pipelines. It is happening in the Permian Basin, in Texas. Easier to solve there. He is expecting $2 a share in 2018 in terms of earnings and $3 next year and the stock is going to reflect that.
An Oil/gas service company? This has done well and broken above its 200-day moving average. It’s broken through that and is now moving higher. The question is, where are oil prices going. If oil prices go too high or move too quickly, then people are going to turn on the taps and oil producers will come back online. On the other hand, they could start doing other things with the money, which would give room for oil prices to move higher. Finds it hard to believe oil will be back to $100, particularly with technology we are seeing these days.
Halliburton Co is a American stock, trading under the symbol HAL-N on the New York Stock Exchange (HAL). It is usually referred to as NYSE:HAL or HAL-N
In the last year, 3 stock analysts published opinions about HAL-N. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Halliburton Co.
Halliburton Co was recommended as a Top Pick by on . Read the latest stock experts ratings for Halliburton Co.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Halliburton Co In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Halliburton Co (HAL-N) stock closed at a price of $39.42.
With oil prices holding over $80 and global oil demand expected to hit all time highs this year, we reiterate this global energy giant. We like that quarterly cash reserves are growing, while debt is retired and shares bought back. It trades at 13x earnings and supports a 30% ROE. We recommend trailing up the stop (from $28) to $33, looking to achieve $47 — 21% upside potential. Yield 1.7%
(Analysts’ price target is $47.31)