Shares of Halliburton Company (NYSE:HAL) traded today at $32.41, eclipsing its 12-month high. This new high was reached on below average trading volume as 7.4 million shares traded hands, while the average 30-day volume is approximately 11.9 million shares.
Over the past year, Halliburton Company has traded in a range of $17.82 to $32.41 and is now at $31.81, 79% above that low.
Based on a current price of $31.81, Halliburton Company is currently 1.1% above its average consensus analyst price target of $31.46.
Halliburton is the world’s second-largest oilfield-services company. Building from its origins pioneering oil and gas well cementing in the 1920s, Halliburton has evolved into the premier wellbore engineering company, with leading business lines in cementing, completion equipment, and pressure pumping. It added drilling services as a second key area of focus via its 1998 acquisition of Dresser and today stands second only to industry leader Schlumberger. Owing to its strategic bet on U.S. shale starting nearly two decades ago, Halliburton has played an unparalleled role in facilitating the shale revolution.
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