Halliburton Co. (NYSE:HAL) has a beta value of 1.90 and has seen 5.07 million shares traded in the last trading session. The company, currently valued at $27.00B, closed the last trade at $30.58 per share which meant it lost -$0.24 on the day or -0.78% during that session. The HAL stock price is -43.39% off its 52-week high price of $43.85 and 10.01% above the 52-week low of $27.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.56 million shares traded. The 3-month trading volume is 9.20 million shares.
The consensus among analysts is that Halliburton Co. (HAL) is Buy stock at the moment, with a recommendation rating of 1.35. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 0 out of 16 have rated it as a Hold, with 15 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.76.
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Halliburton Co. (NYSE:HAL) trade information
Sporting -0.78% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the HAL stock price touched $30.58 or saw a rise of 1.32%. Year-to-date, Halliburton Co. shares have moved -15.41%, while the 5-day performance has seen it change -1.64%. Over the past 30 days, the shares of Halliburton Co. (NYSE:HAL) have changed 9.72%. Short interest in the company has seen 26.36 million shares shorted with days to cover at 2.5.
Wall Street analysts have a consensus price target for the stock at $40, which means that the shares’ value could jump 23.55% from current levels. The projected low price target is $23.0 while the price target rests at a high of $52.0. In that case, then, we find that the current price level is -70.05% off the targeted high while a plunge would see the stock lose 24.79% from current levels.
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 -21.79% over the past 6 months, with this year growth rate of 0.00%, compared to -8.00% for the industry. Revenue growth from the last financial year stood is estimated to be 2.00%.
19 analysts offering their estimates for the company have set an average revenue estimate of 5.85B for the current quarter. 19 have an estimated revenue figure of 5.96B for the next ending quarter. Year-ago sales stood 5.29B and 5.74B respectively for this quarter and the next, and analysts expect sales will grow by 10.40% for the current quarter and 2.00% 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 -0.07% while over the next 5 years, the company’s earnings are expected to increase by 9.33%.
HAL Dividends
Halliburton Co. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.67 at a share yield of 2.19%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.07%.
Halliburton Co. (NYSE:HAL)’s Major holders
Insiders own 0.39% of the company shares, while shares held by institutions stand at 89.68% with a share float percentage of 90.03%. Investors are also buoyed by the number of investors in a company, with Halliburton Co. having a total of 1330.0 institutions that hold shares in the company. The top two institutional holders are CAPITAL WORLD INVESTORS with over 120.11 million shares worth more than $4.06 billion. As of 2024-06-30, CAPITAL WORLD INVESTORS held 13.5111% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 103.62 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.5 billion and represent 11.6553% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are American Balanced Fund and Washington Mutual Investors Fund . As of Jun 30, 2024 , the former fund manager holds about 4.46% shares in the company for having 39.41 shares of worth $1.21 billion while later fund manager owns 31.17 shares of worth $953.19 million as of Jul 31, 2024 , which makes it owner of about 3.53% of company’s outstanding stock.
