HAL - Watch for Continued Gains in Shares of Halliburton Company (HAL)

Halliburton Company (NYSE:HAL) traded at a new 52-week high today of $32.13. So far today approximately 5.2 million shares have been exchanged, as compared to an average 30-day volume of 10.9 million shares.

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.

Halliburton Company share prices have moved between a 52-week high of $32.13 and a 52-week low of $17.23 and are now trading 81% above that low price at $31.16 per share.

Halliburton Company (NYSE:HAL) is currently priced 1.7% above its average consensus analyst price target of $30.64.

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