Why Halliburton and Other Oil Stocks Rallied Today
Shares of oil and gas services firm (NYSE: HAL) rallied as much as 4.7% on Friday, before settling into a 3.4% gain as of 12:30 p.m. ET.
Halliburton is the third-largest oilfield services company in the world, so any time oil prices go up, it's a recipe for potential further investment by oil companies in exploration, completion, and production enhancement services.
So, it's no surprise that Halliburton was rising when oil prices spiked on Friday, following Israel's strike on OPEC+ country Iran.
Source Fool.com
Halliburton Co. Stock
€23.16
-4.160%
With 31 Buy predictions and not a single Sell prediction Halliburton Co. is an absolute favorite of our community.
As a result the target price of 26 € shows a slightly positive potential of 12.26% compared to the current price of 23.16 € for Halliburton Co..
