Halliburton Company (NYSE:HAL) finished Wednesday with an addition of $0.14 to close at $38.72, an upside of 0.36 percent. An average of 6,308,920 shares of common stock have been traded in the last five days. There was a fall of -$0.57 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 6,828,675 shares traded, while the 50-day average volume stands at 8,338,070.
HAL stock has increased by 0.78% in the last month. The company shares reached their 1-month lowest point of $37.19 on 07/24/23. With the stock rallying to its 52-week high on 01/18/23, shares of the company touched a low of $23.30 and a high of $43.42 in 52 weeks. It has reached a new high 7 times so far this year and lost -1.60% or -$0.63 in price. In spite of this, the price is down -10.82% from the 52-week high.
Insider Transactions
HAL stock investors should be aware that Halliburton Company (HAL) stock had its last reported insider trading activity 15 days ago on Aug 09. In this transaction, the insider spent $615,000. SVP Internal Assurance Svcs., Sharp Jill D., disposed of 6,653 shares at a price of $41.00 on Aug 09. The insider now owns more than $272,773 worth of shares. Prior to that, Director, President & CEO Miller Jeffrey Allen went on to Sale 99,355 shares at $40.00 each on Aug 04. An amount of $3,974,200 was transacted.
Valuation Metrics
Halliburton Company (HAL) has a trailing price-to-earnings (P/E) ratio of 14.28. The stock’s beta is 2.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.55, the price-to-book (PB) ratio at 4.01, and the price-to-cash flow ratio at 18.08.
Financial Health
The quick ratio of Halliburton Company for the three months ended June 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 0.91 and a total debt to equity ratio of 0.91 for the quarter ending June 29. Halliburton Company’s EBITDA margin for the year ending June 29 is 19.43%, while its operating margin for the same period stands at 16.50%. Its gross profit as reported stood at $2.71 billion compared to revenue of $20.3 billion.
Earnings Surprise
For the three-month period that ended June 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 $610.0 million in the quarter, while revenues were grew 82.13%. The analyst consensus anticipated Halliburton Company’s latest quarter earnings to come in at $0.75 per share, but it turned out to be $0.77, a 2.70% surprise. For the quarter, EBITDA amounted to $1.26 billion. Shareholders own equity worth $898.55 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 23 August was 43.29%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.12%.
As of today, HAL’s price is $38.99 -1.45% or -$0.57 from its 5-day moving average. HAL is currently trading +1.33% higher than its 20-day SMA and +24.66% higher than its 100-day SMA. However, the stock’s current price level is +22.03% above the SMA50 and +5.05% above the SMA200.
The stochastic %K and %D were 22.61% and 27.55%, respectively, and the average true range (ATR) was 0.99. With the 14-day stochastic at 30.38% and the average true range at 1.00, the RSI (14) stands at 52.06%. The stock has reached -0.65 on the 9-day MACD Oscillator while the 14-day reading was at -0.84.
Analyst Ratings
CapitalOne launched coverage on Halliburton Company (NYSE: HAL) in its analyst report released on June 07, 2023. The firm assigned the stock an Overweight rating. The consensus rating for Halliburton Company (HAL) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HAL, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 24 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 $34.00 and $54.00, with a median target of $47.00. Taking a look at these predictions, the average price target given by analysts for Halliburton Company (HAL) stock is $47.04.
