Analyst Expect Big Moves From Halliburton Co. (NYSE: HAL)

Currently, there are 889.00M common shares owned by the public and among those 886.10M shares have been available to trade.

However, the script later moved the day high at 37.01, down -0.05%. The company’s stock has a 5-day price change of 2.81% and 10.40% over the past three months. HAL shares are trading 10.40% year to date (YTD), with the 12-month market performance up to 28.49% higher. 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 7.45 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 6.43%, 10.36%, and 6.42% respectively.

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Institutional ownership of Halliburton Co. (NYSE: HAL) shares accounts for 86.56% of the company’s 889.00M shares outstanding.

It has a market capitalization of $35.52B and a beta (3y monthly) value of 2.03. The stock’s trailing 12-month PE ratio is 13.65, while the earnings-per-share (ttm) stands at $2.92. The company has a PEG of 0.93 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 1.97% over the week and 2.17% over the month.

Earnings per share for the fiscal year are expected to increase by 8.54%, and 15.61% over the next financial year. EPS should grow at an annualized rate of 14.60% over the next five years, compared to 9.14% 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. CapitalOne coverage for the Halliburton Co. (HAL) stock in a research note released on June 07, 2023 offered a Overweight rating with a price target of $41. UBS was of a view on April 19, 2023 that the stock is Buy, while The Benchmark Company gave the stock Buy rating on January 19, 2023, issuing a price target of $50. Wolfe Research on their part issued Outperform rating on January 12, 2023.

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