Barclays on Halliburton (HAL): Upside/Downside Trade-off Compelling; Cheapest Among Big Four

Article Stock Quotes (4) Comments (0)

Barclays maintains an 'Overweight' on Halliburton (NYSE: HAL) price target of $56.00.

Analyst, James C. West, said, "On a number of metrics, including Price to Earnings and Price to Book Value, the large cap service providers offer some of the most compelling values at current levels, in our opinion. At ~8x our 2012 EPS estimate and ~2.1x tangible book value, HAL is trading at trough multiples historically and remains the cheapest amongst the Big Four (HAL, Baker Hughes (NYSE: BHI), Schlumberger (NYSE: SLB), and Weatherford (NYSE: WFT))."

For an analyst ratings summary and ratings history on Halliburton click here. For more ratings news on Halliburton click here.

Shares of Halliburton closed at $28.39 yesterday, with a 52 week range of $26.28-$57.77.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
• Best Buy (BBY) Numbers Raised at Jefferies Post Q1
• Jefferies Bumps PT on Home Depot (HD) to $91

Create E-mail Alert Related Categories

Analyst Comments

Related Entities

Barclays, Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?