Halliburton Company’s (HAL) stock price went up around 0.9% in pre-market trading, and opened at $50.66 but fell 1.6% after the market opened, following the announcement of its fourth quarter (4Q) and full fiscal year 2013 (FY13) results. The company’s adjusted earnings per share (EPS) of $3.15 for the year beat analysts’ expectations by 1.62%.
Analysts at JPMorgan Chase & Co. also raised their price target of shares of HAL to $77 which really shows that the company has growth potential. The company’s stock price has appreciated 39% since last year and investors are pretty much optimistic about the company.Analysts at JPMorgan Chase & Co. also raised their price target of shares of HAL to $77 which really shows that the company has growth potential. The company’s stock price has appreciated 39% since last year and investors are pretty much optimistic about the company.
The analysts increase in price shows that they have huge confidence in the long term growth of this firm. It is hard to say if anyone is a good buy in our current economic situation. We are anxiously awaiting Mr. Putin's next before any major investment advice can be handed out.
Halliburton seems to be doing pretty well. Aren't they an oil company, they made money out of the war in Iraq didn't they. I would guess its good to invest in that company. Their stock price and profits seems to be doing well. Lots of demand for oil.
They provide valuable services to the industry, and are a very good company to own a piece of if you can stomach the volatility. They're in a risky business - the stock more or less tripled over several years during the Iraq war, then came crashing down some 70% when we had the crash in '08. Both HAL and BP both got hit hard in 2010 when one of BP's wells blew out in the Gulf of Mexico. There were some concerns for a while that one or both companies might be sued into bankruptcy, but luckily that didn't happen. http://www.halliburton.com/en-US/ps/default.page?node-id=h8cyv98a http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hal&insttype=&freq=2&show=&time=13
