Halliburton Co. (NYSE:HAL)’s traded shares stood at 9.24 million during the last session, with the company’s beta value hitting 1.90. At the close of trading, the stock’s price was $28.25, to imply an increase of 1.44% or $0.4 in intraday trading. The HAL share’s 52-week high remains $41.56, putting it -47.12% down since that peak but still an impressive 2.62% since price per share fell to its 52-week low of $27.51. The company has a valuation of $24.94B, with an average of 8.72 million shares in intraday trading volume over the past 10 days and average of 8.79 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Halliburton Co. (HAL), translating to a mean rating of 1.43. Of 16 analyst(s) looking at the stock, 0 analyst(s) give HAL a Sell rating. 1 of those analysts rate the stock as Overweight while 0 advise Hold as 15 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.75.
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Halliburton Co. (NYSE:HAL) trade information
After registering a 1.44% upside in the last session, Halliburton Co. (HAL) has traded red over the past five days. The 5-day price performance for the stock is -0.28%, and 1.58% over 30 days. With these gigs, the year-to-date price performance is -21.85%. Short interest in Halliburton Co. (NYSE:HAL) saw shorts transact 26.36 million shares and set a 2.5 days time to cover.
The extremes give us $23 and $52 for target low and target high price respectively. As such, HAL has been trading -84.07% off suggested target high and 18.58% from its likely low.
Halliburton Co. (HAL) estimates and forecasts
Looking at statistics comparing Halliburton Co. share performance against respective industry, we note that the company has outperformed competitors. Halliburton Co. (HAL) shares are -26.70% down over the last 6 months, with its year-to-date growth rate higher than industry average at -0.32% against -8.60%. Revenue is forecast to grow 4.20% this quarter before falling -5.80% for the next one. The rating firms project that company’s revenue will grow 1.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 19 analysts is 5.83B. Meanwhile, for the current quarter, a total of 19 analyst(s) estimate revenue growth to 5.92B.Earnings reports from the last fiscal year show that sales brought in 5.29B and 5.74B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 10.10% before jumping 3.10% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 9.14% for the past 5-year period. While 2024 is set for a -0.27% return in earnings, projections for the next 5 years are at 4.87% annually.
HAL Dividends
Halliburton Co. has its next earnings report out on 2024-Nov-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Halliburton Co. has a forward dividend ratio of 0.67, with the share yield ticking at 2.37% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.07%.
Halliburton Co. (NYSE:HAL)’s Major holders
Halliburton Co. insiders hold 0.39% of total outstanding shares, with institutional holders owning 89.11% of the shares at 89.46% float percentage. In total, 89.11% institutions holds shares in the company, led by CAPITAL WORLD INVESTORS. As of 2024-06-30, the company held over 120.11 million shares (or 13.5111% of shares), all amounting to roughly $4.06 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 103.62 million shares, or about 11.6553% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.5 billion.
We also have American Balanced Fund and Washington Mutual Investors Fund as the top two Mutual Funds with the largest holdings of the Halliburton Co. (HAL) shares. Going by data provided on Sep 30, 2024 , American Balanced Fund holds roughly 39.41 shares. This is just over 4.46% of the total shares, with a market valuation of $1.11 billion. Data from the same date shows that the other fund manager holds a little less at 27.32, or 3.10% of the shares, all valued at about 771.92 million.
