Halliburton Co. (HAL) concluded trading on Wednesday at a closing price of $35.35, with 7.83 million shares of worth about $276.95 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.14% during that period and on Wednesday the price saw a gain of about 0.48%. Currently the company’s common shares owned by public are about 889.00M shares, out of which, 885.17M shares are available for trading.
However, the stock later moved at a day high price of 35.87, or with a gain of 0.48%. Stock saw a price change of 1.14% in past 5 days and over the past one month there was a price change of 2.37%. Year-to-date (YTD), HAL shares are showing a performance of -2.21% which decreased to -9.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.84 but also hit the highest price of $43.85 during that period. The average intraday trading volume for Halliburton Co. shares is 7.50 million. The stock is currently trading 1.12% above its 20-day simple moving average (SMA20), while that difference is up 0.15% for SMA50 and it goes to -4.17% lower than SMA200.
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Halliburton Co. (NYSE: HAL) currently have 889.00M outstanding shares and institutions hold larger chunk of about 86.56% of that.
The stock has a current market capitalization of $31.47B and its 3Y-monthly beta is at 2.00. PE ratio of stock for trailing 12 months is 12.09, while it has posted earnings per share of $2.92 in the same period. Its PEG reads 0.83 and has Quick Ratio of 1.48 while making debt-to-equity ratio of 0.94. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HAL, volatility over the week remained 1.94% while standing at 2.11% over the month.
Analysts are in expectations that Halliburton Co. (HAL) stock would likely to be making an EPS of $0.75 in the current quarter, while forecast for next quarter EPS is $0.81 and it is $3.92 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.73 which is $0.79 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.72 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 8.54% while it is estimated to increase by 15.71% in next year. EPS is likely to grow at an annualized rate of 14.60% for next 5-years, compared to annual growth of 9.14% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on January 24, 2024 offering an Outperform rating for the stock and assigned a target price range of between $49 and $51 to it. Coverage by CapitalOne stated Halliburton Co. (HAL) stock as an Overweight in their note to investors on June 07, 2023, suggesting a price target of $41 for the stock. On April 19, 2023, UBS Initiated their recommendations, while on January 19, 2023, The Benchmark Company Initiated their ratings for the stock with a price target of $50. Stock get an Outperform rating from Wolfe Research on January 12, 2023.
