Halliburton Co. (NYSE:HAL) saw an upside of 0.86% to close Monday at $40.98 after adding $0.35 on the day. The 5-day average trading volume is 5,321,680 shares of the company’s common stock. It has gained $43.15 in the past week and touched a new high 1 time within the past 5 days. An average of 6,627,540 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,307,066.
HAL’s 1-month performance is 7.17% or $2.83 on its low of $38.24 reached on 08/28/23. The company’s shares have touched a 52-week low of $23.30 and high of $43.42, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, HAL has achieved 4.14% or $1.63 and has reached a new high 7 times. However, the current price is down -5.62% from the 52-week high price.
Insider Transactions
HAL stock investors last saw insider trading activity on Sep 19.Jones Myrtle L (Senior Vice Pres – Tax) most recently sold 16,800 shares at $43.00 per share on Sep 19. This transaction cost the insider $722,400. SVP Internal Assurance Svcs., Sharp Jill D., sold 13,103 shares at a price of $43.00 on Sep 19. Then, on Sep 19, EVP, Secretary and CLO Beckwith Van H. sold 5,000 shares at a price of $43.00 per share. This transaction amounted to $215,000.
Valuation Metrics
HAL stock has a beta of 2.15. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.64 while the price-to-book (PB) in the most recent quarter is 4.23, with the price to cash flow ratio at 19.20.
Halliburton Co.’s quick ratio for the period ended June 29 was 1.53, with the current ratio over the same period at 2.14. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.01, while the total debt to equity was 1.04. In terms of profitability, the gross margin trailing 12 months is 18.08%. The trailing 12-month EBITDA margin is 19.43% while for the period ending June 29, Halliburton Co.’s operating margin was 17.00%. The firm’s gross profit as reported stood at $2.71 billion against revenue of $20.3 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 82.13% to $610.0 million, while revenue of $651.0 million was -6.72% off the previous quarter. Analysts expected HAL to announce $0.75 per share in earnings in its latest quarter, but it posted $0.77, representing a 2.70% surprise. EBITDA for the quarter stood at more than $1.26 billion. HAL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.35 billion, with total debt at $9.08 billion. Shareholders hold equity totaling $898.55 million.
Let’s look briefly at Halliburton Co. (HAL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 50.21% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.87%.
The stock’s 5-day moving average is $41.02, reflecting a -3.89% or -$1.66 change from its current price. HAL is currently trading +7.42% above its 20-day SMA, +37.24% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.09% and SMA200 by+13.20%.
Stochastic %K and %D was 28.43% and 41.51% and the average true range (ATR) pointed at 0.92. The RSI (14) points at 54.49%, while the 14-day stochastic is at 21.09% with the period’s ATR at 0.92. The stock’s 9-day MACD Oscillator is pointing at -0.76 and -0.70 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Halliburton Co. (NYSE: HAL), CapitalOne launched coverage with an Overweight 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. 4 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 $41.00 and a high of $56.00, with their median price target at $48.00. Looking at these predictions, the average price target given by analysts is for Halliburton Co. (HAL) stock is $47.92.
