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• HAL 90% Rate It

Oilfield services provider Halliburton Company ( HAL ) on Thursday caught some mixed commentary from analysts at Dahlman Rose.

The firm reiterated its "Buy" rating on HAL but cut its price target from $52 to $49. That new target still suggests a massive 44% upside to the stock's Wednesday closing price of $33.92.

A Dahlman Rose analyst commented, "The primary reason for our estimate reduction in the fourth quarter is the sluggish environment in North American rig activity, which is likely to persist. Pricing in the US frac is expected to continue to weaken, and relief on guar prices will not come until 2Q13. In 2013, we are reducing our estimates, as we are starting from a lower base in North America. Guar price relief will not occur in the first quarter to any meaningful extent, and further losses are expected from the company's turnkey projects and the Majnoon field in Iraq."

Halliburton shares rose 35 cents, or +1%, in premarket trading Thursday.

The Bottom Line
Shares of Halliburton ( HAL ) have a 1.06% dividend yield, based on last night's closing stock price of $33.92. The stock has technical support in the $30-$32 price area. If the shares can firm up, we see overhead resistance around the $36-$38 price levels.

Halliburton Company ( HAL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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