An In-Depth Look at Halliburton Co.’s (HAL) Stock Performance

The stock of Halliburton Co. (HAL) has seen a -3.81% decrease in the past week, with a 8.60% gain in the past month, and a 16.03% flourish in the past quarter. The volatility ratio for the week is 2.57%, and the volatility levels for the past 30 days are at 2.08% for HAL. The simple moving average for the last 20 days is 0.62% for HAL’s stock, with a simple moving average of 4.77% for the last 200 days.

Is It Worth Investing in Halliburton Co. (NYSE: HAL) Right Now?

Halliburton Co. (NYSE: HAL) has a higher price-to-earnings ratio of 13.57x compared to its average ratio. HAL has 36-month beta value of 2.02. Analysts have mixed views on the stock, with 23 analysts rating it as a “buy,” 11 as “overweight,” 3 as “hold,” and 1 as “sell.”

The public float for HAL is 886.11M, and currently, short sellers hold a 2.68% ratio of that float. The average trading volume of HAL on April 15, 2024 was 7.29M shares.

HAL) stock’s latest price update

Halliburton Co. (NYSE: HAL)’s stock price has dropped by -3.10 in relation to previous closing price of 40.94. Nevertheless, the company has seen a loss of -3.81% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-12 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Analysts’ Opinion of HAL

Many brokerage firms have already submitted their reports for HAL stocks, with TD Cowen repeating the rating for HAL by listing it as a “Outperform.” The predicted price for HAL in the upcoming period, according to TD Cowen is $51 based on the research report published on January 24, 2024 of the current year 2024.

CapitalOne, on the other hand, stated in their research note that they expect to see HAL reach a price target of $41. The rating they have provided for HAL stocks is “Overweight” according to the report published on June 07th, 2023.

UBS gave a rating of “Buy” to HAL, setting the target price at $49 in the report published on April 19th of the previous year.

HAL Trading at 7.46% from the 50-Day Moving Average

After a stumble in the market that brought HAL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.53% of loss for the given period.

Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 2.57%, as shares surge +5.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.28% upper at present.

During the last 5 trading sessions, HAL fell by -3.81%, which changed the moving average for the period of 200-days by +22.36% in comparison to the 20-day moving average, which settled at $39.53. In addition, Halliburton Co. saw 9.74% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at HAL starting from Banks Margaret Katherine, who sale 5,000 shares at the price of $35.30 back on Mar 05 ’24. After this action, Banks Margaret Katherine now owns 9,625 shares of Halliburton Co., valued at $176,500 using the latest closing price.

Miller Jeffrey Allen, the Director, President & CEO of Halliburton Co., sale 377,000 shares at $35.30 during a trade that took place back on Mar 04 ’24, which means that Miller Jeffrey Allen is holding 759,015 shares at $13,308,100 based on the most recent closing price.

Stock Fundamentals for HAL

Current profitability levels for the company are sitting at:

  • 0.18 for the present operating margin
  • 0.24 for the gross margin

The net margin for Halliburton Co. stands at 0.11. The total capital return value is set at 0.21. Equity return is now at value 30.43, with 11.01 for asset returns.

Based on Halliburton Co. (HAL), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.39. The debt to equity ratio resting at 0.94. The interest coverage ratio of the stock is 6.74.

Currently, EBITDA for the company is 5.18 billion with net debt to EBITDA at 1.26. When we switch over and look at the enterprise to sales, we see a ratio of 1.82. The receivables turnover for the company is 4.74for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.06.

Conclusion

To put it simply, Halliburton Co. (HAL) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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