Research Recommendations For Halliburton Company (HAL): Here is What You Should Know


Halliburton Company (NYSE:HAL) saw a downside of -0.29% to close Monday at $40.57 after subtracting -$0.12 on the day. The 5-day average trading volume is 10,142,521 shares of the company’s common stock. It has gained $43.42 in the past week and touched a new high 2 times within the past 5 days. An average of 8,342,615 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,030,876.

HAL’s 1-month performance is 8.42% or $1.48 on its low of $36.89 reached on 01/04/23. The company’s shares have touched a 52-week low of $23.30 and high of $43.99, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, HAL has achieved 3.10% or $1.22 and has reached a new high 7 times. However, the current price is down -7.77% from the 52-week high price.

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Insider Transactions

HAL stock investors last saw insider trading activity on Jan 19.Beckwith Van H. (EVP, Secretary and CLO) most recently sold 4,493 shares at $40.41 per share on Jan 19. This transaction cost the insider $181,562. EVP, Secretary and CLO, Beckwith Van H., sold 4,295 shares at a price of $42.60 on Jan 17. Then, on Jan 06, EVP & Chief Financial Officer Carre Eric sold 12,325 shares at a price of $39.91 per share. This transaction amounted to $491,952.

Valuation Metrics

HAL stock has a beta of 2.16. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.92 while the price-to-book (PB) in the most recent quarter is 4.84, with the price to cash flow ratio at 87.26.

Halliburton Company’s quick ratio for the period ended September 29 was 1.50, with the current ratio over the same period at 2.10. In terms of profitability, the gross margin trailing 12 months is 15.20%. The firm’s gross profit as reported stood at $1.8 billion against revenue of $15.29 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 56.62% to $544.0 million, while revenue of $109.0 million was 79.96% off the previous quarter. Analysts expected HAL to announce $0.56 per share in earnings in its latest quarter, but it posted $0.6, representing a 7.10% surprise. EBITDA for the quarter stood at more than $1.08 billion. HAL stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 14.92 billion, with total debt at $8.95 billion. Shareholders hold equity totaling $908.05 million.

Let’s look briefly at Halliburton Company (HAL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 53.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.40%.

The stock’s 5-day moving average is $40.92, reflecting a -4.90% or -$2.09 change from its current price. HAL is currently trading +5.02% above its 20-day SMA, +27.18% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.05% and SMA200 by+8.10%.

Stochastic %K and %D was 55.03% and 58.92% and the average true range (ATR) pointed at 1.51. The RSI (14) points at 55.73%, while the 14-day stochastic is at 56.36% with the period’s ATR at 1.54. The stock’s 9-day MACD Oscillator is pointing at -0.78 and -0.02 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Halliburton Company (NYSE: HAL), The Benchmark Company launched coverage with a Buy rating. Analysts offering their rating for HAL stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate HAL as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 23 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $40.00 and a high of $54.00, with their median price target at $48.00. Looking at these predictions, the average price target given by analysts is for Halliburton Company (HAL) stock is $48.04.


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