Take A Look At Insider Trading For Halliburton Company (HAL)

The stock of Halliburton Company (NYSE:HAL) increased by $0.72 on Friday to finish at $26.61, up 2.78 percent on Monday. The last five days have seen an average of 10,026,353 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $7.57. The average number of shares traded over the last 20 days was 11,002,773, while the average volume over the last 50 days totaled 8,835,655.

HAL stock appreciated 24.41% since last month. On 09/30/21, the company’s shares reached a one-month low of $21.45. The stock touched a high of $26.68 on 10/25/21, after rallying from a low of $10.99 in 52 weeks. The price of HAL stock has risen by 36.98% or $7.57 this year, reaching a new high 17 times. Still, the stock price is down -0.26% from the 52-week high.

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Insider Transactions

There have been 14 days since Halliburton Company (HAL) last reported insider trading activity on Oct 11. On Oct 11, Director, President & CEO Miller Jeffrey Allen sold 33,333 shares at $25.00 each. This transaction resulted in the insider making $833,325. On Sep 20, GERBER MURRY sold 44,590 shares at a price of US$19.33. After the transaction, the insider now owns 539,592 shares. EVP, Global Business Lines Carre Eric had earlier sold 24,260 shares on May 06 for $21.90 a share. The transaction was completed for $531,294.

Valuation Metrics

Halliburton Company (HAL) has a trailing price-to-earnings (P/E) ratio of 58.18. This level actually compares favorably with the industry at large, as the PE for the Oil & Gas Equipment & Services industry stands at about 70.36. Further, its PE also compares unfavorably with the Energy sector’s trailing 12 months PE ratio, which comes in at 20.14 right now. The PE ratio of Halliburton Company has varied between 420.55 and 10.48 in the last five years. Beta for the stock is 2.79. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.58, the price-to-book (PB) ratio of 4.25, and the price-to-cash flow ratio of 20.90.

Halliburton Company’s dividend is $0.18 per share per year. On Sep. 22, the company paid $0.0450 per share in dividends, remained unchanged from $0.0450 last year. A $0.1350 dividend decrease was reported on Wednesday May 20 2020, making it the 2 consecutive year the dividend has increased. Over the last three years, dividends have increased by -56.25%.

For the three months ended June 29, Halliburton Company’s quick ratio was 1.70, while its current ratio was 2.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.68, and the total debt to equity ratio is 1.78. As far as profitability goes, gross margin for the trailing twelve months is 36.20% percent. Halliburton Company’s EBITDA margin for the year ended June 29 was 11.32%, whereas its operating margin stood at -10.50% for the same period. Based on annual data, it had gross profit of -$2.44 billion and revenue of $14.45 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HAL’s return on assets (ROA) during the last 12 months has been -8.50%. There was a -15.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -33.90%. ROE has averaged 12.45 in the past year for the broader industry.

Earnings Surprise

According to Halliburton Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.86 billion, while revenues rose by 22.93% to $3.71 billion. It was predicted that Halliburton Company’s quarterly earnings would be $0.26, but it ended up being $0.23, beating the consensus by 13.00%. EBITDA was $657.0 million for the quarter. At the end of Halliburton Company’s most recent quarter ended June 29, its liabilities totaled 15.49 billion, while its total debt was $10.57 billion. Equity owned by shareholders amounts to $890.5 million.

Technical Picture

Here’s a quick look at Halliburton Company’s (HAL) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 71.88%, suggesting the stock is Overbought, with a 35.69% historical volatility rate.

The stochastic %K and %D were 81.21% and 82.52% respectively, while the average true range (ATR) was 0.93. Based on the 14-day stochastic reading of 93.52%, the RSI (14) reading is 70.84%. On the 9-day MACD Oscillator, the stock is at 0.17, and the 14-day reading is at 0.83.

Analyst Ratings

In its most recent analyst report, Argus raised its rating on Halliburton Company (NYSE: HAL) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Halliburton Company (HAL) an Overweight rating. HAL is a stock that is recommended for selling by 2 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 18 others recommend it as a buy.

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

The current consensus forecast for the stock is between $17.00 and $38.00, with a median target price of $30.00. In analyzing these forecasts, the average price target given by analysts for Halliburton Company (HAL) is $29.21.


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