Credit Suisse (SIX:CSGN) analyst Jacob Lundberg maintained a Hold rating on Halliburton Company (NYSE:HAL) on Wednesday, setting a price target of $16, which is approximately 22.10% below the present share price of $20.54.
Lundberg expects Halliburton Company to post earnings per share (EPS) of -$0.02 for the first quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Halliburton, with an average price target of $20.81.
The analysts price targets range from a high of $32 to a low of $13.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.98 billion and a net profit of $275 million. The company's market cap is $18.16 billion.
According to TipRanks.com, Credit Suisse analyst Jacob Lundberg is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 8.9% and a 53.23% success rate.
Halliburton Co . engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the following segments: Completion and Production, and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.