Halliburton (NYSE:HAL) Top Oil Field Service Stock of FBR

Halliburton (NYSE:HAL) is the favorite oil field stock of FBR, citing fracturing differentiators and international growth.

FBR says, "Based on considerable effort examining the state of the U.S. land market, we are convinced that not only will the liquids-rich plays continue to drive fracturing demand growth in excess of supply, but that increasing technical complexity will favor the more differentiated companies like Halliburton at the expense of more commoditized providers of fracturing services. Furthermore, we expect the international oil service market to see steady revenue growth in 2011 followed by revenue and margin expansion in 2012 as healthy oil prices promote increased E&P activity and soak up excess capacity. With industry-leading leverage to both key themes, HAL is our favorite oilfield service stock."

FBR Capital maintains an 'Outperform' rating on Halliburton (HAL), which was trading at $39.62, up $0.07, or 0.18 percent, as of 1:09 PM EST. FBR raised their price target on Halliburton from $50 to $72.