Stephens Reiterates Overweight Rating on Halliburton (HAL) Following 3Q Report
Stephens analyst Tommy Moll reiterated an Overweight rating and $25.00 price target on Halliburton (NYSE: HAL) following the company's 3Q earnings report. HAL reported 3Q19 results that were in-line with the Street on adj. EPS, though light on revenue.
Shares of HAL responded positively after the Company reported 3Q19 results, outperforming peers by several hundred basis points. Stephens adjusted 2019 and 2020 revenue/ adj. EBITDA/adj. EPS estimates. 2019 from $23.1 bil. / $3.7 bil. / $1.27 to $22.3 bil. / $3.7 bil. / $1.21. 2020 from $22.8 bil. / $4.0 bil. / $1.40 to $20.9 bil. / $3.7 bil. / $1.17.
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Shares of Halliburton closed at $19.61 yesterday.