Barclays Maintains an 'Overweight' on Halliburton (HAL); Going Against the Naysayers

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April 19, 2012 2:50 PM EDT
Get Alerts HAL Hot Sheet
Price: $34.73 +0.90%

Rating Summary:
    34 Buy, 17 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 22
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Barclays maintains an 'Overweight' on Halliburton (NYSE: HAL) price target lowered from $62 to $58.

Analyst, James C. West, out in defense of the company, thinks Q1 earnings are settling and the N. American bottom is more manageable. Any further drop in Nat Gas should be offset by a rise in oil (activity). All in, International expansion has helped boost up the downturn in N. American and the company has performed solidly in a challenging environment.

However, West cuts FY12 EPS from $3.75 to $3.65 and FY13 from $4.50 to $4.20.

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 $34.17 yesterday.

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