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

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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.

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