Halliburton Stock Moves Higher on First-Quarter Results

Analysts were extremely optimistic toward HAL ahead of earnings

Managing Editor
Apr 22, 2019 at 10:06 AM
facebook X logo linkedin


Oil service stock Halliburton Company (NYSE:HAL) is up 1.9% at $31.73 this morning, moving higher on the back of a first-quarter earnings beat. CEO Jeff Miller also opined that "the worst in the pricing deterioration is now behind us." In addition, HAL stock is likely getting a tailwind from rising crude oil prices.

On the charts, HAL has struggled to break above the $32 level, which has acted as a ceiling for the shares in 2019. This point of resistance also runs in line with a 20% year-to-date gain for the stock.

Analysts were extremely optimistic heading into today, with all 18 covering brokerage firms sporting "strong buy" recommendations. Furthermore, the security sports an average 12-month price target of $38.37, representing a roughly 23% premium to current levels. 

Lastly, Halliburton stock's Schaeffer's Volatility Scorecard (SVS) stands at 96 out of a possible 100. In other words, HAL has tended to make outsized moves over the last year, compared to what the options market had priced in -- a potential boon to premium buyers.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI