HAL above its 100-day moving average
Halliburton (HAL) moved 2.6% above its 100-day moving average and closed at $35.84 on March 7. The stock crossed its 20-day moving average on February 18. Since February 17, the stock has gained 14% through March 7.
After February 11, the stock converged with its 100-day and 20-day moving averages. The stock has moved above its psychologically important price level of $35 on March 7. Since December 2016, when it broke below $35, HAL stock hasn’t been able to break above this level, successfully.
Currently, Halliburton (HAL) is 29% below its 52-week high and 30% above its 52-week low. The oil and gas companies, as well as the equipment and services companies in the above table, traded above their 100-day moving averages.
The VanEck Vectors Oil Services ETF (OIH) also moved ~3.2% above its 100-day moving average on March 7. HAL has a weight of around 12.23% in OIH.
Wall Street analysts’ consensus estimates
Wall Street analysts’ consensus median estimates indicate a 3% rise for these select oil and gas companies, as well as the equipment and services companies (IEZ). HAL and Tenaris SA (TS) could rise by as much as 11.3% and 4.3%, respectively, over the next 12 months from their current levels based on their median estimates.
Based on Wall Street analysts’ median estimates for the next 12 months, FMC Technologies (FTI) could gain 15.2%.