Halliburton Company (HAL): Here Are Some Research Recommendations

Halliburton Company (NYSE:HAL) finished Wednesday with a subtraction of $0.0 to close at $24.49, a downside of 0.00 percent. An average of 11,436,460 shares of common stock have been traded in the last five days. There was a gain of $1.50 in the past week. The last 20 days have seen an average of 9,776,630 shares traded, while the 50-day average volume stands at 8,313,380.

HAL stock has increased by 22.02% in the last month. The company shares reached their 1-month lowest point of $19.12 on 09/20/21. With the stock rallying to its 52-week high on 10/11/21, shares of the company touched a low of $10.99 and a high of $25.50 in 52 weeks. In spite of this, the price is down -3.94% from the 52-week high.


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Insider Transactions

3 days have passed since Halliburton Company (HAL) last reported insider trading activity. Miller Jeffrey Allen, who is Director, President & CEO, most recently acquired $33,333 shares at $25.00 per share on Oct 11. In this transaction, the insider spent $833,325. Director, GERBER MURRY, disposed of 44,590 shares at a price of $19.33 on Sep 20. The insider now owns more than $861,782 worth of shares. Prior to that, EVP, Global Business Lines Carre Eric went on to Sale 24,260 shares at $21.90 each on May 06. An amount of $531,294 was transacted.

Valuation Metrics

Halliburton Company (HAL) has a trailing price-to-earnings (P/E) ratio of 151.17, which compares with the 18.90 for the broader industry and 19.70 for the sector. In the last five years, Halliburton Company’s PE ratio has ranged between 420.55 and 10.48. The stock’s beta is 2.77. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.59, the price-to-book (PB) ratio at 4.02, and the price-to-cash flow ratio at 25.29.

Halliburton Company pays a $0.18 dividend per share annually. It offers a dividend yield of 0.73%. The company has a payout ratio of 111.10%. The company’s most recent quarterly dividend payment took place on Sep. 22, and it was $0.0450 a share, without any change from last year. Its dividend has been increased for the last 2 consecutive years with the latest decrease dividend $0.1350 reported on Wednesday May 20 2020. Dividends have grown by -56.25% each year over the last three years.

Halliburton Company will next go ex-dividend on 6-Dec. The next dividend payment Halliburton Company will make is expected to be $0.045.

The quick ratio of Halliburton Company for the three months ended June 29 was 1.70, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.68 and a total debt to equity ratio of 1.78 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 12.10% against a 5-year average of 10.0%. Halliburton Company’s EBITDA margin for the year ending June 29 is 11.32%, while its operating margin for the same period stands at 6.40%. Its gross profit as reported stood at -$2.44 billion compared to revenue of $14.45 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Halliburton Company’s return on assets was 0.70%, compared to -6.1% over the last five years. In the past year, the return on investment has been -15.60%, and the 5-year average is -5.4%. Meanwhile, the return on equity (ROE) for the past 12 months has been 2.80% and the 5-year average holds at -18.3%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

The analyst consensus anticipated Halliburton Company’s latest quarter earnings to come in at $0.23 per share, but it turned out to be $0.26, a 13.00% surprise. For the quarter, EBITDA amounted to $657.0 million. Shareholders own equity worth $890.5 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Halliburton Company (HAL) price momentum. RSI 9-day as of the close on 13 October was 74.51%, suggesting the stock is Overbought, with historical volatility in this time frame at 24.97%.

As of today, HAL’s price is $24.20 +6.52% or $1.50 from its 5-day moving average. HAL is currently trading +17.74% higher than its 20-day SMA and +9.04% higher than its 100-day SMA. However, the stock’s current price level is +20.23% above the SMA50 and +29.65% above the SMA200.

The stochastic %K and %D were 82.51% and 87.30%, respectively, and the average true range (ATR) was 0.91. With the 14-day stochastic at 79.17% and the average true range at 0.88, the RSI (14) stands at 70.24%. The stock has reached 0.92 on the 9-day MACD Oscillator while the 14-day reading was at 1.55.

Analyst Ratings

The consensus rating for Halliburton Company (HAL) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell HAL, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 17 others rate it as a “buy”.

What is HAL’s price target for the next 12 months?

Analysts predict a range of price targets between $17.00 and $38.00, with a median target of $27.00. Taking a look at these predictions, the average price target given by analysts for Halliburton Company (HAL) stock is $26.80.

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