As of Thursday close, Halliburton Company’s (NYSE:HAL) stock was down -$0.29, moving down -0.75 percent to $38.62. The average number of shares traded per day over the past five days has been 6,039,780 shares. 3 times new highs have been achieved over the past 5 days, with a $0.38 gain in that time frame. In the last twenty days, the average volume was 6,369,500, while in the previous 50 days, it was 7,979,212.
Since last month, HAL stock retreated -1.05%. Shares of the company fell to $37.69 on 08/23/23, the lowest level in the past month. A 52-week high of $43.42 was reached on 01/18/23 after having rallying from a 52-week low of $23.30. Since the beginning of this year, HAL’s stock price has dropped by -1.86% or -$0.73, and marked a new high 7 times. However, the stock has declined by -11.05% 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 23 days ago on Aug 09. Jones Myrtle L, the Senior Vice Pres – Tax of the company, disposed of 15,000 shares for $41.00 on Aug 09. It resulted in a $615,000 divestment by the insider. Sharp Jill D. sold 6,653 shares at an average price of $41.00 on Aug 09. The insider now owns 48,762 shares following the transaction. On Aug 04, Director, President & CEO Miller Jeffrey Allen sold 99,355 shares at $40.00 apiece. The transaction was valued at $3,974,200.
Valuation Metrics
Right now, Halliburton Company (HAL) has a P/E ratio of about 14.25. The stock’s beta is 2.19. Besides these, the trailing price-to-sales (P/S) ratio of 1.55, the price-to-book (PB) ratio of 4.00, and the price-to-cash flow ratio of 18.14 may also be considered.
The latest dividend of $0.16 per share was paid out, remained unchanged from last year’s $0.16.
Financial Health
In the three months ended June 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 June 29 was 0.91, and the total debt-to-equity ratio was 0.91. On the profitability front, the trailing twelve-month gross margin is 18.10% percent. In the year ended June 29, EBITDA margin amounted to 19.43%, whereas operating margins totaled 16.50%. Based on annual data, HAL earned $2.71 billion in gross profit and brought in $20.3 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 13.40%. Return on equity (ROE) for the past 12 months was 30.10%.
In Halliburton Company’s quarter-end financial report for June 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 12.49% to $5.68 billion during the quarter, while net income inched up to $5.8 billion. While analysts expected Halliburton Company to report $0.75 quarterly earnings, the actual figure was $0.77 per share, beating the consensus estimate by 2.70%. During the quarter, the company generated $1.26 billion in EBITDA. The liabilities of Halliburton Company were 15.35 billion at the end of its most recent quarter ended June 29, and its total debt was $9.08 billion. The value of shareholders’ equity is $898.55 million.
Technical Picture
This quick technical analysis looks at Halliburton Company’s (HAL) price momentum. With a historical volatility rate of 13.24%, the RSI 9-day stood at 45.41% on 31 August.
With respect to its five-day moving average, the current Halliburton Company price is up by +0.99% percent or $0.38. At present, HAL shares trade -2.70% below its 20-day simple moving average and +16.71% percent above its 100-day simple moving average. However, the stock is currently trading approximately +20.99% above its SMA50 and -0.31% below its SMA200.
Stochastic coefficient K was 33.97% and Stochastic coefficient D was 31.08%, while ATR was 0.83. Given the Stochastic reading of 30.59% for the 14-day period, the RSI (14) reading has been calculated as 50.91%. As of today, the MACD Oscillator reading stands at 0.13, while the 14-day reading stands at -0.20.
Analyst Ratings
CapitalOne launched its rating on Halliburton Company (NYSE: HAL) to an Overweight in a note to investors on June 07, 2023. Halliburton Company (HAL) has been rated Buy by analysts. According to 0 brokerage firms, HAL is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Halliburton Company stock as buy, with 24 recommending it as overweight.
With a median target price of $47.00, the current consensus forecast for the stock is $34.00 – $54.00. Based on these forecasts, analysts predict Halliburton Company (HAL) will achieve an average price target of $47.04.
