Approximately 20,000 Shares Of Halliburton Company (HAL) Were Sold By This Insider.


Halliburton Company (NYSE:HAL) finished Thursday with a subtraction of -$0.16 to close at $26.92, a downside of -0.59 percent. An average of 9,183,080 shares of common stock have been traded in the last five days. There was a fall of -$2.48 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 8,714,360 shares traded, while the 50-day average volume stands at 9,535,214.

HAL stock has decreased by -13.77% in the last month. The company shares reached their 1-month lowest point of $26.81 on 09/22/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $19.73 and a high of $43.99 in 52 weeks. It has reached a new high 30 times so far this year and achieved 17.71% or $4.05 in price. In spite of this, the price is down -38.80% from the 52-week high.

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Insider Transactions

107 days have passed since Halliburton Company (HAL) last reported insider trading activity. Rainey Joe D, who is Pres., Eastern Hemisphere, most recently acquired $20,000 shares at $42.73 per share on Jun 08. In this transaction, the insider spent $854,600. EVP Administration & CHRO, Pope Lawrence J, disposed of 10,000 shares at a price of $40.95 on Jun 01. The insider now owns more than $409,500 worth of shares. Prior to that, EVP Administration & CHRO Pope Lawrence J went on to Sale 10,000 shares at $39.95 each on May 26. An amount of $399,500 was transacted.

Valuation Metrics

Halliburton Company (HAL) has a trailing price-to-earnings (P/E) ratio of 16.87. The stock’s beta is 2.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.46, the price-to-book (PB) ratio at 3.41, and the price-to-cash flow ratio at 61.65.

The company has a payout ratio of 20.70%. The company’s most recent quarterly dividend payment was $0.12 a share, without any change from last year. Its latest increase dividend $0.0750 reported on Monday January 24 2022.

Financial Health

The quick ratio of Halliburton Company for the three months ended June 29 was 1.60, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.20 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $1.8 billion compared to revenue of $15.29 billion.

Earnings Surprise

For the three-month period that ended June 29, Halliburton Company had $8.53 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $109.0 million in the quarter, while revenues were shrunk -108.26%. The analyst consensus anticipated Halliburton Company’s latest quarter earnings to come in at $0.45 per share, but it turned out to be $0.49, a 8.90% surprise. For the quarter, EBITDA amounted to $612.0 million. Shareholders own equity worth $906.94 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 22 September was 34.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.28%.

As of today, HAL’s price is $27.64 -8.44% or -$2.48 from its 5-day moving average. HAL is currently trading -14.97% lower than its 20-day SMA and -24.42% lower than its 100-day SMA. However, the stock’s current price level is -4.88% below the SMA50 and +19.22% above the SMA200.

The stochastic %K and %D were 5.23% and 12.13%, respectively, and the average true range (ATR) was 1.29. With the 14-day stochastic at 2.86% and the average true range at 1.30, the RSI (14) stands at 38.84%. The stock has reached -1.39 on the 9-day MACD Oscillator while the 14-day reading was at -1.63.

Analyst Ratings

HSBC Securities upgraded Halliburton Company (NYSE: HAL) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Halliburton Company (HAL) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HAL, while 4 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 $32.00 and $53.00, with a median target of $44.00. Taking a look at these predictions, the average price target given by analysts for Halliburton Company (HAL) stock is $42.88.


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