In last trading session, Halliburton Co. (NYSE:HAL) saw 12.66 million shares changing hands with its beta currently measuring 1.90. Company’s recent per share price level of $28.33 trading at -$0.61 or -2.11% at ring of the bell on the day assigns it a market valuation of $25.01B. That closing price of HAL’s stock is at a discount of -54.78% from its 52-week high price of $43.85 and is indicating a premium of 2.86% from its 52-week low price of $27.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.71 million shares which gives us an average trading volume of 9.10 million if we extend that period to 3-months.
For Halliburton Co. (HAL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.42. Splitting up the data highlights that, out of 16 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 15 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.75 in the current quarter.
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Halliburton Co. (NYSE:HAL) trade information
Upright in the red during last session for losing -2.11%, in the last five days HAL remained trading in the red while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $28.33 price level, adding 7.93% to its value on the day. Halliburton Co.’s shares saw a change of -21.63% in year-to-date performance and have moved -8.08% in past 5-day. Halliburton Co. (NYSE:HAL) showed a performance of -4.06% in past 30-days. Number of shares sold short was 26.36 million shares which calculate 2.5 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 40 to the stock, which implies a rise of 29.18% to its current value. Analysts have been projecting 23 as a low price target for the stock while placing it at a high target of 52. It follows that stock’s current price would jump 18.81% in reaching the projected high whereas dropping to the targeted low would mean a gain of 18.81% for stock’s current value.
Halliburton Co. (HAL) estimates and forecasts
Statistics highlight that Halliburton Co. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -27.51% of value to its shares in past 6 months, showing an annual growth rate of -0.32% while that of industry is -8.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.60% from the last financial year’s standing.
19 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5.83B for the same. And 19 analysts are in estimates of company making revenue of 5.92B in the next quarter. Company posted 5.29B and 5.74B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 9.14% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -0.27% while estimates for its earnings growth in next 5 years are of 9.33%.
HAL Dividends
Halliburton Co. is more likely to be releasing its next quarterly report on 2024-Nov-07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.36%, the share has a forward dividend of 0.67 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.07%.
Halliburton Co. (NYSE:HAL)’s Major holders
Insiders are in possession of 0.39% of company’s total shares while institution are holding 89.63 percent of that, with stock having share float percentage of 89.99%. Investors also watch the number of corporate investors in a company very closely, which is 89.63% institutions for Halliburton Co. that are currently holding shares of the company. CAPITAL WORLD INVESTORS is the top institutional holder at HAL for having 120.11 million shares of worth $4.06 billion. And as of 2024-06-30, it was holding 13.5111 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 103.62 million shares on 2024-06-30. The number of shares represents firm’s hold over 11.6553 of outstanding shares, having a total worth of $3.5 billion.
