The stock of Halliburton Co (NYSE: HAL) has decreased by -1.39 when compared to last closing price of 30.11. Despite this, the company has experienced a 1.57% gain in its stock price over the last five trading sessions. investorplace.com reported 2024-11-17 that Tom Yeung here with your Sunday Digest. Last week, I recommended five stocks to buy in 2025 on a Donald Trump election victory.
Is It Worth Investing in Halliburton Co (NYSE: HAL) Right Now?
Halliburton Co (NYSE: HAL) has a price-to-earnings ratio of 10.36x that is above its average ratio. Additionally, the 36-month beta value for HAL is 1.90. There are mixed opinions on the stock, with 23 analysts rating it as a “buy,” 11 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
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The public float for HAL is 874.75M and currently, short sellers hold a 2.49% ratio of that float. The average trading volume of HAL on November 18, 2024 was 9.39M shares.
HAL’s Market Performance
HAL stock saw an increase of 1.57% in the past week, with a monthly gain of 2.59% and a quarterly increase of -6.78%. The volatility ratio for the week is 3.23%, and the volatility levels for the last 30 days are 2.45% for Halliburton Co (HAL). The simple moving average for the past 20 days is 3.24% for HAL’s stock, with a -12.00% simple moving average for the past 200 days.
Analysts’ Opinion of HAL
Many brokerage firms have already submitted their reports for HAL stocks, with RBC Capital Mkts repeating the rating for HAL by listing it as a “Sector Perform.” The predicted price for HAL in the upcoming period, according to RBC Capital Mkts is $37 based on the research report published on September 13, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see HAL reach a price target of $45, previously predicting the price at $47. The rating they have provided for HAL stocks is “Buy” according to the report published on July 22nd, 2024.
TD Cowen gave a rating of “Buy” to HAL, setting the target price at $48 in the report published on April 24th of the current year.
HAL Trading at 1.87% 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 -28.56% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 3.23%, as shares surge +4.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.85% upper at present.
During the last 5 trading sessions, HAL rose by +1.57%, which changed the moving average for the period of 200-days by -16.20% in comparison to the 20-day moving average, which settled at $28.76. In addition, Halliburton Co saw -17.87% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HAL starting from Beckwith Van H., who sale 10,000 shares at the price of $36.75 back on Jul 18 ’24. After this action, Beckwith Van H. now owns 273,908 shares of Halliburton Co, valued at $367,500 using the latest closing price.
Geer Charles Jr., the SVP & Chief Accounting Officer of Halliburton Co, sale 3,000 shares at $38.00 during a trade that took place back on May 20 ’24, which means that Geer Charles Jr. is holding 97,084 shares at $114,000 based on the most recent closing price.
Stock Fundamentals for HAL
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.19 for the gross margin
The net margin for Halliburton Co stands at 0.11. The total capital return value is set at 0.2. Equity return is now at value 26.20, with 10.23 for asset returns.
Based on Halliburton Co (HAL), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 6.03.
Currently, EBITDA for the company is 4.84 billion with net debt to EBITDA at 1.36. When we switch over and look at the enterprise to sales, we see a ratio of 1.41. The receivables turnover for the company is 4.32for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.
Conclusion
In conclusion, Halliburton Co (HAL) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
