Why Invest In Halliburton Co. (HAL) Stock?

Halliburton Co. (NYSE:HAL) has a beta value of 1.94 and has seen 4.03 million shares traded in the last trading session. The company, currently valued at $33.31B, closed the last trade at $37.63 per share which meant it lost -$0.33 on the day or -0.87% during that session. The HAL stock price is -16.53% off its 52-week high price of $43.85 and 24.45% above the 52-week low of $28.43. The 3-month trading volume is 6.03 million shares.

Halliburton Co. (NYSE:HAL) trade information

Sporting -0.87% in the red in last session, the stock has traded in the green over the last five days, when the HAL stock price touched $37.63 or saw a rise of 1.88%. Year-to-date, Halliburton Co. shares have moved 4.09%, while the 5-day performance has seen it change 0.19%. Over the past 30 days, the shares of Halliburton Co. (NYSE:HAL) have changed -2.82%.

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Halliburton Co. (HAL) estimates and forecasts

Figures show that Halliburton Co. shares have outperformed across the wider relevant industry. The company’s shares have lost -0.95% over the past 6 months, with this year growth rate of 8.31%, compared to -1.60% for the industry. Revenue growth from the last financial year stood is estimated to be 5.50%.

19 analysts offering their estimates for the company have set an average revenue estimate of 5.96B for the current quarter. 19 have an estimated revenue figure of 6.19B for the next ending quarter. Year-ago sales stood 5.8B and 5.29B respectively for this quarter and the next, and analysts expect sales will grow by 2.70% for the current quarter and 5.50% for the next.

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 9.14% over the past 5 years. Earnings growth for 2024 is a modest 7.60% while over the next 5 years, the company’s earnings are expected to increase by 14.15%.

HAL Dividends

Halliburton Co. is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.65 at a share yield of 1.73%. The company’s dividend yield has gone up over the past 12 months.