Two firm increased their estimates on oilfield services company, Halliburton Company (HAL) on Tuesday due to the company’s North American margins.
UBS reported that it has raised its estimates on HAL through 2014 as a result of the company’s North American margin traction.
BMO capital, which currently has an “Outperform” rating on HAL, also increased its estimates on the company. The firm also raised its price target to $56. This price target suggests a 30% upside from the stock’s current price of $39.34.
Halliburton shares were mostly flat during Tuesday morning trading. The stock has increased 19% in the past year.
The Bottom Line
Shares of Halliburton Company (HAL) have a 1.27% yield, based on Tuesday morning’s price of $39.35.
Halliburton Company (HAL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.