Halliburton Co (NYSE:HAL) has a beta value of 1.91 and has seen 2.49 million shares traded in the recent trading session. The company, currently valued at $28.25B, closed the recent trade at $32.16 per share which meant it gained $0.35 on the day or 1.10% during that session. The HAL stock price is -29.23% off its 52-week high price of $41.56 and 15.24% above the 52-week low of $27.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.51 million shares traded. The 3-month trading volume is 9.91 million shares.
The consensus among analysts is that Halliburton Co (HAL) is Buy stock at the moment, with a recommendation rating of 1.50. 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 0.72.
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Halliburton Co (NYSE:HAL) trade information
Sporting 1.10% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the HAL stock price touched $32.16 or saw a rise of 1.26%. Year-to-date, Halliburton Co shares have moved -11.04%, while the 5-day performance has seen it change 3.14%. Over the past 30 days, the shares of Halliburton Co (NYSE:HAL) have changed 16.86%. Short interest in the company has seen 22.06 million shares shorted with days to cover at 2.26.
Wall Street analysts have a consensus price target for the stock at $40, which means that the shares’ value could jump 19.6% from the levels at last check today. 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 latest price level in today’s session is -61.69% off the targeted high while a plunge would see the stock lose 28.48% from the levels at last check today.
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 -10.57% over the past 6 months, with this year growth rate of -3.83%, compared to -8.00% for the industry. Revenue growth from the last financial year stood is estimated to be 0.04%.
20 analysts offering their estimates for the company have set an average revenue estimate of 5.7B for the current quarter. 15 have an estimated revenue figure of 5.66B for the next ending quarter. Year-ago sales stood 5.74B and 5.8B respectively for this quarter and the next, and analysts expect sales will shrink by -0.68% for the current quarter and 0.04% 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 -3.85% while over the next 5 years, the company’s earnings are expected to increase by 2.85%.
HAL Dividends
Halliburton Co is expected to release its next earnings report in December 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 2.08%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.05%.
Halliburton Co (NYSE:HAL)’s Major holders
Insiders own 0.45% of the company shares, while shares held by institutions stand at 86.11% with a share float percentage of 86.50%. Investors are also buoyed by the number of investors in a company, with Halliburton Co having a total of 1286.0 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 Sep 30, 2024, the former fund manager holds about 4.49% shares in the company for having 39.41 shares of worth $1.26 billion while later fund manager owns 27.32 shares of worth $875.62 million as of Sep 30, 2024, which makes it owner of about 3.11% of company’s outstanding stock.
