Android app on Google Play

Jefferies Lifts Numbers on Halliburton (HAL); Company Specific Catalysts to Drive Stock Higher

April 23, 2013 9:44 AM EDT Send to a Friend
Get Alerts HAL Hot Sheet
Price: $67.61 --0%

Rating Summary:
    20 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade HAL Now!
Join SI Premium – FREE
Jefferies boosted estimates and its price target on Buy-rated Halliburton (NYSE: HAL) from $47 to $49 citing company-specific catalysts after Q1 results.

"Stronger-than-expected margin recovery shows the strength of HAL's NAM position, in our view, and we are optimistic about completions activity and efficiencies and we raise our 2013/14 estimates," analyst Brad Handler said. "We think efficiency, Macondo settlement and deepwater/production-oriented growth and accelerating dividends and share buybacks are company-specific catalysts for shares and we maintain it as our top large-cap pick."

The firm raised Q2 EPS estimates from $0.69 to $0.74, FY 2013 EPS estimates from $3.00 to $3.25 and FY 2014 EPS estimates from $4.15 to $4.30.

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 $39.29 yesterday.




You May Also Be Interested In


Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Jefferies & Co, Dividend

Add Your Comment