Halliburton Co. (HAL): A Great Stock For Handling Current Market Conditions?

Currently, there are 902.00M common shares owned by the public and among those 891.56M shares have been available to trade.

Insiders at the company have transacted a total of 48 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 1,105,058 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 975,394 shares.

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However, the script later moved the day high at 34.80, down -0.69%. The company’s stock has a 5-day price change of -7.15% and -14.93% over the past three months. HAL shares are trading -4.48% year to date (YTD), with the 12-month market performance down to -10.45% lower. It has a 12-month low price of $27.84 and touched a high of $43.85 over the same period. HAL has an average intraday trading volume of 7.30 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.82%, -3.85%, and -5.30% respectively.

Institutional ownership of Halliburton Co. (NYSE: HAL) shares accounts for 86.49% of the company’s 902.00M shares outstanding.

It has a market capitalization of $30.91B and a beta (3y monthly) value of 2.03. The stock’s trailing 12-month PE ratio is 11.80, while the earnings-per-share (ttm) stands at $2.93. The company has a PEG of 0.81 and a Quick Ratio of 1.48 with the debt-to-equity ratio at 0.94. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.34% over the week and 2.81% over the month.

Analysts forecast that Halliburton Co. (HAL) will achieve an EPS of $0.75 for the current quarter, $0.81 for the next quarter and $3.92 for 2025. The lowest estimate earnings-per-share for the quarter is $0.73 while analysts give the company a high EPS estimate of $0.79. Comparatively, EPS for the current quarter was $0.72 a year ago. Earnings per share for the fiscal year are expected to increase by 8.64%, and 15.39% over the next financial year. EPS should grow at an annualized rate of 14.60% over the next five years, compared to 9.11% over the past 5-year period.

Looking at the support for the HAL, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on January 24, 2024, with the firm’s price target at $49-$51.

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