How Should Investors View Halliburton Company (HAL) Insider Trading?

As of Thursday close, Halliburton Company’s (NYSE:HAL) stock was down -$2.05, moving down -6.39 percent to $30.04. The average number of shares traded per day over the past five days has been 17,327,400 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.57 fall in that time frame. In the last twenty days, the average volume was 12,623,200, while in the previous 50 days, it was 11,763,658.

Since last month, HAL stock retreated -21.63%. Shares of the company fell to $29.68 on 06/23/22, the lowest level in the past month. A 52-week high of $43.99 was reached on 06/08/22 after having rallying from a 52-week low of $17.82. Since the beginning of this year, HAL’s stock price has risen by 31.35% or $7.17, and marked a new high 30 times. However, the stock has declined by -31.71% since its 52-week high.

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Halliburton Company (HAL) last reported insider trading activity 16 days ago on Jun 08. Rainey Joe D, the Pres., Eastern Hemisphere of the company, disposed of 20,000 shares for $42.73 on Jun 08. It resulted in a $854,600 divestment by the insider. Pope Lawrence J sold 10,000 shares at an average price of $40.95 on Jun 01. The insider now owns 273,342 shares following the transaction. On May 26, EVP Administration & CHRO Pope Lawrence J sold 10,000 shares at $39.95 apiece. The transaction was valued at $399,500.

Valuation Metrics

Right now, Halliburton Company (HAL) has a P/E ratio of about 17.35. The stock’s beta is 2.22. Besides these, the trailing price-to-sales (P/S) ratio of 1.77, the price-to-book (PB) ratio of 3.85, and the price-to-cash flow ratio of 52.51 may also be considered.

The latest dividend of $0.12 per share was paid out, remained unchanged from last year’s $0.12. On Monday January 24 2022, a $0.0750 dividend increase was announced.

Financial Health

In the three months ended March 30, Halliburton Company’s quick ratio stood at 1.60, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.22. On the profitability front, the trailing twelve-month gross margin is 13.50% percent. In the year ended March 30, operating margins totaled 11.80%. Based on annual data, HAL earned $1.8 billion in gross profit and brought in $15.29 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.60%. Return on equity (ROE) for the past 12 months was 25.00%.

In Halliburton Company’s quarter-end financial report for March 30, it reported total debt of $8.53 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HAL’s revenue rose 19.44% to $4.28 billion during the quarter, while net income inched up to $4.28 billion. While analysts expected Halliburton Company to report $0.34 quarterly earnings, the actual figure was $0.35 per share, beating the consensus estimate by 2.90%. During the quarter, the company generated $743.0 million in EBITDA. The liabilities of Halliburton Company were 15.04 billion at the end of its most recent quarter ended March 30, and its total debt was $9.58 billion. The value of shareholders’ equity is $901.98 million.

Technical Picture

This quick technical analysis looks at Halliburton Company’s (HAL) price momentum. With a historical volatility rate of 50.31%, the RSI 9-day stood at 24.16% on 23 June.

With respect to its five-day moving average, the current Halliburton Company price is down by -15.64% percent or -$5.57. At present, HAL shares trade -21.93% below its 20-day simple moving average and -4.21% percent below its 100-day simple moving average. However, the stock is currently trading approximately -23.09% below its SMA50 and +50.88% above its SMA200.

Stochastic coefficient K was 9.05% and Stochastic coefficient D was 8.29%, while ATR was 2.18. Given the Stochastic reading of 2.52% for the 14-day period, the RSI (14) reading has been calculated as 30.10%. As of today, the MACD Oscillator reading stands at -2.68, while the 14-day reading stands at -5.40.

With a median target price of $47.00, the current consensus forecast for the stock is $39.00 – $53.00. Based on these forecasts, analysts predict Halliburton Company (HAL) will achieve an average price target of $46.42.


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