Oil & Gas Stocks: Halliburton (NYSE:HAL), Key Energy Services (NYSE:KEG), McDermott International (NYSE:MDR), Baker Hughes (NYSE:BHI)

Posted by on Apr 10, 2014

Analysts at Jefferies Group boosted their target price on shares of Halliburton Company (NYSE:HAL) to $72.00 in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 23.06% from the stock’s previous close. Halliburton Company (NYSE:HAL) shares after opening at $58.73 on last trade day and at the end of the day closed at $58.79. Company price to sales ratio in past twelve months was calculated as 1.70 and price to cash ratio as 20.05. Halliburton Company (NYSE:HAL) showed a negative weekly performance of -1.90%.

Analysts at SunTrust boosted their price target on shares of Key Energy Services (NYSE:KEG) from $11.00 to $13.00 in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. SunTrust’s price target points to a potential upside of 43.17% from the stock’s previous close. Key Energy Services, Inc. (NYSE:KEG) shares advanced 3.79% in last trading session and ended the day on $9.85. KEG return on equity ratio is recorded as -1.70% and its return on assets is -0.80%. Key Energy Services, Inc. (NYSE:KEG) yearly performance is 27.26%.

McDermott International (NYSE:MDR) has completed the installation of the P-61 tension leg wellhead platform (TLWP) for the PPT BV Joint Venture, consisting of Petrobras and Chevron. Once fully commissioned and operational, the project will be the first use of dry-tree floating technology offshore Brazil and the first Tension Leg Platform installation offshore South America. McDermott International (NYSE:MDR) shares moved down -0.14% in last trading session and was closed at $7.08, while trading in range of $7.03 – $7.13. McDermott International (NYSE:MDR) year to date (YTD) performance is -22.71%.

Shares of Baker Hughes (NYSE:BHI) were the target of some unusual options trading activity on Wednesday. Traders purchased 3,500 put options on the stock, AnalystRatingsNetwork.com reports. This is an increase of approximately 137% compared to the typical volume of 1,478 put options. Baker Hughes Incorporated (NYSE:BHI) weekly performance is -1.22%. On last trading day company shares ended up $64.92. Baker Hughes Incorporated (NYSE:BHI) distance from 50-day simple moving average (SMA50) is 5.45%. Analysts mean target price for the company is $67.92.

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