Yahoo Finance Halliburton (HAL) Soars: Stock Adds 11% in Session
Halliburton Company HAL was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 19.2% in the past one-month time frame.
The company has seen five negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Halliburton currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Investors interested in the Oil and Gas - Field Services industry may consider a better-ranked stock like Smart Sand, Inc. SND, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Click to get this free report Halliburton Company (HAL) : Free Stock Analysis Report SMART SAND INC (SND) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
