Halliburton Co (NYSE: HAL) Defies Bearish Expectations and Displays Strong Future Potential

In the latest trading session,, 1.67 million Halliburton Co (NYSE:HAL) shares changed hands as the company’s beta touched 1.17. With the company’s most recent per share price at $20.84 changed hands at -$0.41 or -1.91% at last look, the market valuation stands at $17.92B. HAL’s current price is a discount, trading about -84.02% off its 52-week high of $38.35. The share price had its 52-week low at $18.72, which suggests the last value was 10.17% up since then.

Analysts gave the Halliburton Co (HAL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.74. 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 (NYSE:HAL) trade information

Instantly HAL was in red as seen in intraday trades today. With action -1.91%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -23.34%, with the 5-day performance at -1.91% in the red. However, in the 30-day time frame, Halliburton Co (NYSE:HAL) is -7.48% down.

The consensus price target for the stock as assigned by Wall Street analysts is 27.5, meaning bulls need an upside of 24.22% from its recent market value. According to analyst projections, HAL’s forecast low is 27 with 28 as the target high. To hit the forecast high, the stock’s price needs a -34.36% plunge from its current level, while the stock would need to soar -29.56% for it to hit the projected low.

The 2025 estimates are for Halliburton Co earnings to decrease by -19.20%, but the outlook for the next 5-year period is at 0.02% per year.

HAL Dividends

Halliburton Co is expected to release its next quarterly earnings report in June. The 3.26% annual yield figure for the share gives it an annual dividend of 0.68. It is important to note, however, that the 3.26% 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.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.7212% or 103.62 million shares worth $3.5 billion as of 2024-06-30.

Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 24.71 shares estimated at $512.29 million under it, the former controlled 2.87% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.77% of the shares, roughly 23.78 shares worth around $493.07 million.

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