Energy

Analyst Recommendation about two Stocks: Halliburton Company (NYSE:HAL), Suncor Energy Inc. (NYSE:SU)

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Halliburton Company (NYSE:HAL) initiated the shares trading at $44.92 and showed negative change of -1.58% while the stock’s final trade was registered at $ 44.28. However, its previous closing price was seen at $44.99. The stock negotiated total number of 16.07 million shares as compared to 3 months average volume of 10.33 million shares.

The stock price demonstrated downbeat change from its 50 day moving average of 44.42 and had been up from its 200 Day Moving Average of 37.73.

Halliburton Firm(HAL) reported results for the q2 of 2016.

“North America revenue declined 15% sequentially, importantly outperforming the average US rig count, which was down 23%. After falling 78% from the November 2014 peak, the US rig count reached a landing point during the q2, as we predicted during our last earnings call. Since reaching the bottom, the rig count has improved by 26 over the last several weeks, reflecting operator confidence in stabilizing commodity prices.

 

“In Latin America, revenue declined 12% sequentially, relative to a rig count decrease of 18% from the first quarter average. Looking at our major countries, rig activity in both Brazil and Mexico is at 20-year lows, while Venezuela continues to experience important political and economic turmoil.

The average true range of Halliburton Company’s (HAL) is recorded at 1.27 and the relative strength index of the stock stands 50.38. The stock price is going above to its 52 week low with 61.77% and lagging behind from its 52 week high with -5.16%. Analyst recommendation for this stock stands at 1.80. A look on the firm performance, its monthly performance is 1.12% and a quarterly performance of 10.23%. The stock price is trading upbeat from its 200 days moving average with 18.25% and up from 50 days moving average with 2.51%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. Currently shares have been suggested as “BUY” from “4” brokerage firms and recommended as “Strong Buy” by “1” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “1.48” brokerage firms. “1” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

Shares of Suncor Energy Inc. (NYSE:SU) climbed +0.36% and ended at $27.59 greater than previous closing price of $27.49. The total 3.17 million shares were bought and sold throughout the most recent trading session less than average volume of 4.5 million shares.

Suncor Energy Inc.’s (SU) has price-to-cash ratio of 19.21 and price to sale ratio of 2.17. The company net profit margin is -5.10% and gross profit margin is 60.70%. A look on the firm performance, its monthly performance is 2.30% and a quarterly performance of -3.66%. The stock price is moving down from its 20 days moving average with -0.36% and isolated positively from 50 days moving average with 1.45%.

Brokerage Recommendations:

The stock has received ratings from many brokerage firms according to ZACKS. Currently shares have been rated as “Buy” from “3” brokerage firms and “2” brokerage firms say as “Strong Buy”. “1” brokerage firms have suggested “Sell” for the company. “0” brokerage firms have recommended as a “Hold”. Strong Sell rating was given by “2” brokerage firms.  The Company has average brokerage recommendation (ABR) of “0” based on consensus of the ZACKS brokerage firms.

 

 

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