Halliburton (HAL) Declares $0.18 Quarterly Dividend; 1.8% Yield
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July 21, 2015 9:41 AM EDT
UBS reiterated a Buy rating and $60.00 price target on Halliburton (NYSE: HAL) following 2Q15 results. Analyst Angie Sedita is encouraged by the level of interest in the HAL assets up for sale, but believes that current pricing conditions are unsustainable, with smaller players at unprofitable levels.
Sedita commented, "We are raising our... More
July 15, 2015 2:11 PM EDT
By Swetha Gopinath and Sneha Banerjee
(Reuters) - Growing doubts that regulators may not approve Halliburton Co's (NYSE: HAL) $35-billion takeover of fellow oilfield services company Baker Hughes Inc (NYSE: BHI) this year has thrown up a high-reward opportunity for investors with an appetite for risk.
Typically, investors make money on mergers by picking up shares of the target company once the stock has steadied following their initial surge after the deal is announced. They sell when the shares touch the offer price just... More
