An in-depth look at the Halliburton Company (HAL) stock – Marketing Sentinel

An in-depth look at the Halliburton Company (HAL) stock

Halliburton Company (NYSE:HAL) has a beta value of 2.86 and has seen 4,512,009 shares traded in the recent trading session. The company, currently valued at $18.38 Billion, closed the recent trade at $20.58 per share which meant it gained $1.02 on the day or 5.19% during that session. The HAL stock price is -20.21% off its 52-week high price of $24.74 and 68.27% above the 52-week low of $6.53. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.17 Million shares traded. The 3-month trading volume is 11.47 Million shares.

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The consensus among analysts is that Halliburton Company (HAL) is an Overweight stock at the moment, with a recommendation rating of 2.4. 4 analysts rate the stock as a Sell, while 4 rate it as Overweight. 6 out of 28 have rated it as a Hold, with 14 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.23.

Halliburton Company (NYSE:HAL) trade information

Sporting 5.19% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the HAL stock price touched $20.61- or saw a rise of 0.53%. Year-to-date, Halliburton Company shares have moved 8.47%, while the 5-day performance has seen it change 5.51%. Over the past 30 days, the shares of Halliburton Company (NYSE:HAL) have changed -6.48%. Short interest in the company has seen 16.36 Million shares shorted with days to cover at 1.43.

Wall Street analysts have a consensus price target for the stock at $22.72, which means that the shares’ value could jump 10.4% from the levels at last check today. The projected low price target is $13 while the price target rests at a high of $30. In that case, then, we find that the latest price level in today’s session is +45.77% off the targeted high while a plunge would see the stock lose -36.83% from the levels at last check today.

Halliburton Company (HAL) estimates and forecasts

Figures show that Halliburton Company shares have outperformed across the wider relevant industry. The company’s shares have gained +71.28% over the past 6 months, with this year growth rate of 49.23%, compared to 31.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 360% and 145.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be +4.3%.

18 analysts offering their estimates for the company have set an average revenue estimate of $3.73 Billion for the current quarter. 18 have an estimated revenue figure of $3.91 Billion for the next quarter concluding in September 01, 2021. Year-ago sales stood $3.2 Billion for this quarter, and analysts expect sales will grow by 16.7% for the current quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -33.8% over the past 5 years. Earnings growth for 2021 is a modest -158.6% while over the next 5 years, the company’s earnings are expected to increase by 38.51%.

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HAL Dividends

Halliburton Company is expected to release its next earnings report between July 19 and July 23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.18 at a share yield of 0.92%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.5%.

Halliburton Company (NYSE:HAL)’s Major holders

Insiders own 0.31% of the company shares, while shares held by institutions stand at 79.09% with a share float percentage of 79.34%. Investors are also buoyed by the number of investors in a company, with Halliburton Company having a total of 972 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 101.23 Million shares worth more than $1.91 Billion. As of December 30, 2020, Vanguard Group, Inc. (The) held 11.39% of shares outstanding.

The other major institutional holder is Capital World Investors, with the holding of over 64.41 Million shares as of December 30, 2020. The firm’s total holdings are worth over $1.22 Billion and represent 7.25% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are American Balanced Fund and Vanguard Total Stock Market Index Fund. As of March 30, 2021, the former fund manager holds about 3.15% shares in the company for having 28000000 shares of worth $600.88 Million while later fund manager owns 23.55 Million shares of worth $445.11 Million as of December 30, 2020, which makes it owner of about 2.65% of company’s outstanding stock.

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