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NEW YORK (TheStreet) -- Halliburton Co. (HAL) stock is falling 0.97% to $34.88 in early afternoon trading on Monday after negative forecasts pressured oil prices.

WTI crude is down 0.89% to $39.11 per barrel on the New York Mercantile Exchange, while Brent crude is declining 1.09% to $40 per barrel on the Intercontinental Exchange this afternoon.

Oil prices could drop to mid-$30 levels or lower because of weak fundamentals, according to analysts at Barclays and Macquarie, Reuters reports.

"If commodity markets get hit by a concerted burst of investor liquidation of the long positions built up in recent weeks ... (there is) the potential for a 20%-25% move down in prices if positioning were to return to the average levels of the past few months," Barclays analysts explained, according to Reuters.

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Halliburton is a Houston-based oilfield service provider for the oil and gas industry.

Separately, Halliburton has a "hold" rating and a letter grade of C at TheStreet Ratings because of the company's strengths, such as solid financial position based on certain debt and liquidity measures, and its weaknesses, including disappointing return on equity, poor profit margins and weak operating cash flow.

You can view the full analysis from the report here: HAL

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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