Halliburton (HAL) is Upgraded by KeyBanc Capital Mkts to Overweight

Halliburton (HAL) is Upgraded by KeyBanc Capital Mkts to Overweight , according to the research report released to the investors. Earlier the firm had a rating of Sector Weight on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Halliburton Company has dropped 2.05% during the last 3-month period . Year-to-Date the stock performance stands at -11.93%.The company shares have dropped -13.57% from its 1 Year high price. On May 5, 2015, the shares registered one year high at $50.20 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $37.07 and the 200 Day Moving Average price is recorded at $39.05.

Halliburton Company (NYSE:HAL) has lost 3.16% during the past week and dropped 10.19% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 2.35%. Halliburton Company (NYSE:HAL) has underperformed the index by 8.09% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Halliburton Company (NYSE:HAL) ended Thursday session in red amid volatile trading. The shares closed down 0.09 points or 0.26% at $34.04 with 6,194,508 shares getting traded. Post opening the session at $33.95, the shares hit an intraday low of $33.885 and an intraday high of $34.47 and the price vacillated in this range throughout the day. The company has a market cap of $29,132 million and the number of outstanding shares have been calculated to be 855,813,350 shares. The 52-week high of Halliburton Company (NYSE:HAL) is $50.2 and the 52-week low is $30.9301.

Currently the company Insiders own 0.38% of Halliburton Company shares according to the proxy statements. Institutional Investors own 78.44% of Halliburton Company shares. During last six month period, the net percent change held by insiders has seen a change of 8.85%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Gerber Murry, director of Halliburton Co, executed a transaction worth $133,620 on August 20, 2015. A total of 3,400 shares were purchased at an average price of $39.3. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Halliburton Company is an oilfield services company. The Company is provider of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It serves national, and independent oil and natural gas companies worldwide and operates in two segments: Completion and Production segment and Drilling and Evaluation segment. The Company conducts business worldwide in approximately 80 countries. The business operations of its divisions are organized around four primary geographic regions: North America, Latin America, Europe/Africa/CIS, and Middle East/Asia. Effective June 13, 2014, Halliburton & Co acquired Neftex Petroleum Consultants Ltd, an Abingdon-based provider of geosciences consultancy services.