In today’s recent session, 2.57 million shares of the Halliburton Co. (NYSE:HAL) have been traded, and its beta is 2.01. Most recently the company’s share price was $38.44, and it changed around -$0.28 or -0.72% from the last close, which brings the market valuation of the company to $34.22B. HAL at last check was trading at a discount to its 52-week high of $43.85, offering almost -14.07% off that amount. The share price’s 52-week low was $27.84, which indicates that the recent value has risen by an impressive 27.58% since then. We note from Halliburton Co.’s average daily trading volume that its 3-month average coming to 7.13 million.
Halliburton Co. stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 1 out of 38 analysts rate the stock as a Sell; another 11 rate it as Overweight. Among the rest, 3 recommended HAL as a Hold, whereas 23 deemed it a Buy, and 0 rated it as Underweight. Halliburton Co. is expected to report earnings per share of $0.74 for the current quarter.
Halliburton Co. (NYSE:HAL) trade information
Instantly HAL has been showing red trend so far today with a performance of -0.72% on intraday trading today. On the other hand, Halliburton Co. (NYSE:HAL) is 0.13% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $37.16, which translates to bulls needing to decrease their stock price by -3.44% from its current value. Analyst projections state that HAL is forecast to be at a low of $23 and a high of $50.
Halliburton Co. (HAL) estimates and forecasts
Halliburton Co. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -8.72 percent over the past six months and at a 9.27% annual growth rate that is well above the industry average of 1.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 2.80% in revenue this quarter, and will report an increase of 5.20% in the next quarter. The year-over-year growth rate is expected to be 5.30%, up from the previous year.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of $5.67 billion in revenue for the current quarter. 20 analysts expect Halliburton Co. to make $5.95 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $5.68 billion and $5.8 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.10%. Forecasts for the next quarter put sales growth at 2.60%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 9.14%. Halliburton Co. earnings are expected to increase by 8.38% in 2024, but the outlook is positive 14.45% per year for the next five years.
HAL Dividends
Halliburton Co.’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 1.69 percent and its annual dividend per share was 0.65. It is important to note, however, that the 1.69% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
