The Halliburton Company (NYSE:HAL) is going down by -0.76% in today’s trading session, a fall equivalent to -0.18% of the stock’s price from yesterday’s market close. A news came out 23 hours ago stating that Oil Service Stocks May Have Dug Enough by WSJ. The lowest point that the shares touched during the trading session was $22.44, while the peak of the day was recorded at a share price of $23.815. HAL finished the previous session at $23.74 according to the data provided by Barchart, while the trading volume was observed to be $7,637,752.
In the 100 days of trading, HAL managed to top a 26.12% Moving average. Additionally, Halliburton Company shares have achieved a 52-week range between 20.98 and 43.05 alongside 100 days raw stochastic set at 22.61%.
The number of shares outstanding, according to the fundamentals of the company, is set at 873.00M, equal to the value of $20.73B in market capitalization. Financial analysts indicate that HAL shares should be still ranked as a “Outperform”. In the last 30 days, Halliburton Company shares went down by -2.10%, adding 24.05 to growth in value, on top of a +10.91% boost since 06/21/19.
Halliburton Company (NYSE:HAL) Analyst’s Estimates
Halliburton Company (HAL) could record at least $0.30 per share in quarterly earnings in the upcoming report on 10/21/2019, a number that would actually represent an increase of 44.82% YOY.
According to the average analyst rating, Halliburton Company would be rated as 1.81. Out of 32 different analysts monitoring HAL stock, 12 analysts rate the stock as a BUY, 6 suggest to give the rating of HOLD, 14 indicate that HAL is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-23-19, the stock earned a Reiterated rating due to a new analyst call from Cowen, while analysts from BofA/Merrill believe that the stock is set at Buy, as concluded on Jun-25-19. Edward Jones, is still rather wary about the stock, deciding to keep the rating at Hold as confirmed through a call on Jun-10-19.
Regardless of the rating, Goldman did increase their price to $42 as they are considering target share price analysis. Societe Generale, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Dec-20-18, giving the stock a Buy from the Hold rating.
HAL Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +12.44% has been attained, while the operating margin has been recorded at +11.39%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 6.49%. Beta value of the stock is recorded at 1.31. Additionally, Halliburton Company is recording price volatility of 3.84% for the period of the last seven days and 2.86% in the last 30 days.
Halliburton Company (NYSE:HAL) Technical Outlook
For the period of the last 50 days, Halliburton Company had its Raw Stochastic average set at 49.14% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 82.10%. Stochastic %K for Halliburton Company, with the last 20 days included, was set at 63.37%, having Stochastic %D topping 38.87%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Halliburton Company stocks with recording -47.20% in metrics.
Halliburton Company Insider Watch:
As far as the position of shares issued by Halliburton Company (NYSE:HAL) for the period concluded at the market close of 07/22/19, 403 institutional investors increased their positions in HAL shares by 56,492,021, 415 decreased positions by 74,468,298 and 138 institutional investors decided to hold positions at 554,783,045. These numbers put the complete list of institutional holdings set at 685,743,364 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 99 institutional investments with 12,344,474 new shares in addition to having 110 institutional investors selling their positions in 25,905,046 shares.