Buying Halliburton Company (HAL) Stock Is A Smart Move Today?


Halliburton Company (NYSE:HAL) finished Thursday with an addition of $0.79 to close at $38.87, an upside of 2.07 percent. An average of 6,351,200 shares of common stock have been traded in the last five days. There was a gain of $0.24 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 9,065,455 shares traded, while the 50-day average volume stands at 10,147,102.

HAL stock has increased by 4.60% in the last month. The company shares reached their 1-month lowest point of $32.97 on 12/09/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $22.61 and a high of $43.99 in 52 weeks. It has reached a new high 30 times so far this year and achieved 69.96% or $16.00 in price. In spite of this, the price is down -11.64% from the 52-week high.

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Insider Transactions

HAL stock investors should be aware that Halliburton Company (HAL) stock had its last reported insider trading activity 10 days ago on Dec 20. In this transaction, the insider spent $244,238. EVP, Secretary and CLO, Beckwith Van H., disposed of 9,006 shares at a price of $37.75 on Dec 20. The insider now owns more than $339,976 worth of shares. Prior to that, EVP, Secretary and CLO Beckwith Van H. went on to Sale 11,044 shares at $39.50 each on Dec 05. An amount of $436,238 was transacted.

Valuation Metrics

Halliburton Company (HAL) has a trailing price-to-earnings (P/E) ratio of 20.14. The stock’s beta is 2.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.78, the price-to-book (PB) ratio at 4.63, and the price-to-cash flow ratio at 81.29.

The company has a payout ratio of 21.00%. 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 September 29 was 1.50, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.04 and a total debt to equity ratio of 0.00 for the quarter ending September 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 September 29, Halliburton Company had $7.93 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 $544.0 million in the quarter, while revenues were grew 56.62%. The analyst consensus anticipated Halliburton Company’s latest quarter earnings to come in at $0.56 per share, but it turned out to be $0.6, a 7.10% surprise. For the quarter, EBITDA amounted to $1.08 billion. Shareholders own equity worth $908.05 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 29 December was 59.17%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.10%.

As of today, HAL’s price is $38.57 +0.62% or $0.24 from its 5-day moving average. HAL is currently trading +2.59% higher than its 20-day SMA and +38.82% higher than its 100-day SMA. However, the stock’s current price level is +27.61% above the SMA50 and +11.70% above the SMA200.

The stochastic %K and %D were 85.36% and 90.68%, respectively, and the average true range (ATR) was 1.56. With the 14-day stochastic at 87.28% and the average true range at 1.60, the RSI (14) stands at 57.49%. The stock has reached 0.87 on the 9-day MACD Oscillator while the 14-day reading was at 1.71.

Analyst Ratings

Raymond James launched coverage on Halliburton Company (NYSE: HAL) in its analyst report released on December 09, 2022. The firm assigned the stock a Strong buy rating. The consensus rating for Halliburton Company (HAL) among analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HAL, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 21 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 $35.00 and $54.00, with a median target of $46.50. Taking a look at these predictions, the average price target given by analysts for Halliburton Company (HAL) stock is $45.95.


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