An Insider Sold 50,000 Shares Of Halliburton Company (HAL)


As of Wednesday close, Halliburton Company’s (NYSE:HAL) stock was down -$0.89, moving down -2.38 percent to $36.56. The average number of shares traded per day over the past five days has been 10,592,000 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.29 fall in that time frame. In the last twenty days, the average volume was 9,823,895, while in the previous 50 days, it was 11,218,684.

Since last month, HAL stock rose 4.52%. Shares of the company fell to $33.40 on 11/21/22, 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 $20.77. Since the beginning of this year, HAL’s stock price has risen by 59.86% or $13.69, and marked a new high 30 times. However, the stock has declined by -16.89% since its 52-week high.

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HAL stock investors should be aware that Halliburton Company (HAL) stock had its last reported insider trading activity 17 days ago on Nov 08. Pope Lawrence J, the EVP Administration & CHRO of the company, disposed of 50,000 shares for $39.95 on Nov 08. It resulted in a $1,997,500 divestment by the insider. Banks Margaret Katherine sold 6,000 shares at an average price of $35.49 on Oct 28. The insider now owns 14,625 shares following the transaction. On Jun 08, Pres., Eastern Hemisphere Rainey Joe D sold 20,000 shares at $42.73 apiece. The transaction was valued at $854,600.

Valuation Metrics

Right now, Halliburton Company (HAL) has a P/E ratio of about 18.94. The stock’s beta is 2.25. Besides these, the trailing price-to-sales (P/S) ratio of 1.78, the price-to-book (PB) ratio of 4.36, and the price-to-cash flow ratio of 81.26 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 September 29, Halliburton Company’s quick ratio stood at 1.50, while its current ratio was 2.10, 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 September 29 was 1.04. On the profitability front, the trailing twelve-month gross margin is 15.20% percent. In the year ended September 29, 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 24.40%.

In Halliburton Company’s quarter-end financial report for September 29, it reported total debt of $7.93 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 27.94% to $5.07 billion during the quarter, while net income inched up to $5.36 billion. While analysts expected Halliburton Company to report $0.56 quarterly earnings, the actual figure was $0.6 per share, beating the consensus estimate by 7.10%. During the quarter, the company generated $1.08 billion in EBITDA. The liabilities of Halliburton Company were 14.92 billion at the end of its most recent quarter ended September 29, and its total debt was $8.95 billion. The value of shareholders’ equity is $908.05 million.

Technical Picture

This quick technical analysis looks at Halliburton Company’s (HAL) price momentum. With a historical volatility rate of 36.12%, the RSI 9-day stood at 48.04% on 23 November.

With respect to its five-day moving average, the current Halliburton Company price is down by -3.41% percent or -$1.29. At present, HAL shares trade +0.22% above its 20-day simple moving average and +26.55% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.26% above its SMA50 and +15.11% above its SMA200.

Stochastic coefficient K was 50.32% and Stochastic coefficient D was 44.82%, while ATR was 1.73. Given the Stochastic reading of 47.99% for the 14-day period, the RSI (14) reading has been calculated as 52.94%. As of today, the MACD Oscillator reading stands at -0.83, while the 14-day reading stands at -1.14.

Analyst Ratings

Wells Fargo upgraded its rating on Halliburton Company (NYSE: HAL) to an Overweight in a note to investors on October 26, 2022. The analysts firm previously had an Equal weight rating on the stock.Halliburton Company (HAL) has been rated Buy by analysts. According to 1 brokerage firm, HAL is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Halliburton Company stock as buy, with 20 recommending it as overweight.

With a median target price of $45.00, the current consensus forecast for the stock is $33.00 – $54.00. Based on these forecasts, analysts predict Halliburton Company (HAL) will achieve an average price target of $45.00.


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