In the last trading session, 9.49 million Halliburton Co. (NYSE:HAL) shares changed hands as the company’s beta touched 1.90. With the company’s per share price at $28.26 changed hands at -$0.07 or -0.25% during last session, the market valuation stood at $24.95B. HAL’s last price was a discount, traded about -55.1% off its 52-week high of $43.83. The share price had its 52-week low at $27.52, which suggests the last value was 2.62% up since then. When we look at Halliburton Co.’s average trading volume, we note the 10-day average is 8.26 million shares, with the 3-month average coming to 9.12 million.
Analysts gave the Halliburton Co. (HAL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.42. If we narrow down to specifics, the data shows that 0 out of 16 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended HAL as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight. Halliburton Co.’s EPS for the current quarter is expected to be 0.75.
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Halliburton Co. (NYSE:HAL) trade information
Instantly HAL was in red as seen at the end of in last trading. With action -7.59%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -21.83%, with the 5-day performance at -7.59% in the red. However, in the 30-day time frame, Halliburton Co. (NYSE:HAL) is -4.11% down. Looking at the short shares, we see there were 26.36 million shares sold at short interest cover period of 2.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 40, meaning bulls need an upside of 29.35% from its current market value. According to analyst projections, HAL’s forecast low is 23 with 52 as the target high. To hit the forecast high, the stock’s price needs a -84.01% plunge from its current level, while the stock would need to tank 18.61% for it to hit the projected low.
Halliburton Co. (HAL) estimates and forecasts
Data shows that the Halliburton Co. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -27.01% over the past 6 months, a -0.32% in annual growth rate that is considerably higher than the industry average of -8.20%. Year-over-year growth is forecast to reach 1.60% up from the last financial year.
Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of 5.83B. 19 analysts are of the opinion that Halliburton Co.’s revenue for the current quarter will be 5.92B. The company’s revenue for the corresponding quarters a year ago was 5.29B and 5.74B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 10.10%. The estimates for the next quarter sales put growth at 3.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.14%. The 2024 estimates are for Halliburton Co. earnings to decrease by -0.27%, but the outlook for the next 5-year period is at 4.87% per year.
HAL Dividends
Halliburton Co. is expected to release its next quarterly earnings report on 2024-Nov-07. The 2.37% annual yield figure for the share gives it an annual dividend of 0.67. It is important to note, however, that the 2.37% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.07 per year.
Halliburton Co. (NYSE:HAL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.39% of Halliburton Co. shares while 89.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 89.45%. There are 89.09% institutions holding the Halliburton Co. stock share, with CAPITAL WORLD INVESTORS the top institutional holder. As of 2024-06-30, the company held 13.5111% of the shares, roughly 120.11 million HAL shares worth $4.06 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.6553% or 103.62 million shares worth $3.5 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were American Balanced Fund and Washington Mutual Investors Fund . With 39.41 shares estimated at $1.11 billion under it, the former controlled 4.46% of total outstanding shares. On the other hand, Washington Mutual Investors Fund held about 3.10% of the shares, roughly 27.32 shares worth around $772.19 million.
