Stocks in Concern on New Development: Halliburton (NYSE:HAL), McEwen Mining (NYSE:MUX)

Halliburton Company (NYSE:HAL) [Trend Analysis] luring active investment momentum, shares a loss -0.64% to $49.83. Finally, analysts shed their light over the HAL price targets; maintaining price high target of 73 while at average the price target was 63.03 in contrast with the current price of 49.83. The price targets are usually acts as the boosters or blasters in the performance of stock. A higher price target would definitely provide confidence to investors during the trading action, consideration given by Wall Street Journal.

So does the rankings given by analysts; let us highlight rankings table and we had 31 analysts recommending BUY ratings for current month and for previous month 31 stands on similar situation; while 4 for the current month as compared to 4 analysts recommending for HOLD from the pool for previous month. While 3 stands at overweight and 1 analyst gave Underweight and 1 out of pool consider it as Sell for current month. For the overall, consensus ratings were for Buy.

The total volume of 7.52 Million shares held in the session was surprisingly higher than its average volume of 7987.02 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -757%, and looking further price to next year’s EPS is 135.44%. While take a short look on price to sales ratio, that was 2.72.

Shares of McEwen Mining Inc. (NYSE:MUX) [Trend Analysis] runs in leading trade, it moving up 0.32% to traded at $3.16. The firm has price volatility of 6.29% for a week and 8.15% for a month. Its beta stands at -0.34 times. Fundamentalist can give brighter side of a picture but an analyst can glow the darker parts stored in any investment. Let us view how analysts have ranked MUX in recent few months. In ratings table the MUX given BUY ratings by 1 analyst in current phase. The 1 analyst has SELL recommendation for current month on MUX. While 0 number of analysts gave ratings for HOLD in current. As per remarks given by WSJ, overall consensus pool recommends it as Buy security.

On annual basis FY 2016 estimate trends at current was for $0.14 as compared to one month ago of $0.14. Narrow down four to firm performance, its weekly performance was -7.06% and monthly performance was -21.59%. The stock price of MUX is moving down from its 20 days moving average with -3.82% and isolated negatively from 50 days moving average with -14.53%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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