Are Analysts Seeing Upside To Halliburton Company (HAL), Brinker International, Inc. (EAT)?

Halliburton Company (NYSE:HAL) average daily volatility for this week is 4.81% which is more than the 4.3% recorded over the past month. Its shares dropped by -52.82% or -$30.56 from its last recorded high of $57.86 which it attained on January 23 to close at $27.3 per share. Over the past 52 weeks, the shares of Halliburton Company has been trading as low as $24.7 before witnessing a massive surge by 10.53% or $2.6. This price movement has led to the HAL stock receiving more attention and has become one to watch out for. It jumped by 2.71% on Wednesday and this got the market excited. The stock’s beta now stands at 1.16 and when compared to its 200-day moving average and its 50-day moving average, HAL price stands -34.86% below and -14.34% below respectively.

Halliburton Company (HAL) rose 8.59% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -44.14% and is now up by 2.71% since start of this year. A look at its monthly performance shows that the stock has recorded a -14.39% fall over the past 30 days. Its equity price dipped by -33.5% over the past three months which led to its overall six-month decrease to stand at -38.61%.

Experts from research firms are bullish about the near-term performance of Halliburton Company with most of them predicting a $44.76 price target on a short-term (12 months) basis. The average price target by the analysts will see a 63.96% rise in the stock and would lead to HAL’s market cap to surge to $40.32B. The stock has been rated an average 1.8, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 35 analysts that track Halliburton Company (NYSE:HAL) and find out that 5 of them rated it as a Hold. 29 of the 30 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at HAL technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 39.28 point. Its trading volume has lost -3920031 shares compared to readings over the past three months as it recently exchanged 7839969 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 11760000 shares, and this is 0.67 times the normal volume.

Analysts have predicted a price target for Brinker International, Inc. (EAT) for 1 year and it stands at an average $47.47/share. This means that it would likely increase by 5.72% from its current position. The current price of the stock has been moving between $42.69 and $45.01. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $40. On the other hand, one analyst is super bullish about the price, setting a target as high as $57.

The EAT stock Stochastic Oscillator (%D) is at 22.56%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 0.57. The stock currently has an estimated price-earnings (P/E) multiple of 11.32, which is lower than the 13.27 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 5.6% over the past five years.

Analysts view Brinker International, Inc. (NYSE:EAT) as a Hold, with 2.9 consensus rating. Reuters surveyed 19 analysts that follow EAT and found that 13 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 3 analyst rating it as a Buy or a Strong Buy while 3 analysts advised investors to desist from buying Brinker International, Inc. (EAT) shares or sell it if they already own it.