Halliburton Co. (NYSE: HAL) – Suitable For Long Term Buy?

Currently, there are 889.00M common shares owned by the public and among those 879.02M shares have been available to trade.

The company’s stock has a 5-day price change of 5.42% and -12.78% over the past three months. HAL shares are trading -17.15% year to date (YTD), with the 12-month market performance down to -26.52% lower. It has a 12-month low price of $27.52 and touched a high of $43.85 over the same period. HAL has an average intraday trading volume of 9.12 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 1.13%, -5.04%, and -14.42% respectively.

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Institutional ownership of Halliburton Co. (NYSE: HAL) shares accounts for 89.36% of the company’s 889.00M shares outstanding.

It has a market capitalization of $26.44B and a beta (3y monthly) value of 1.91. The stock’s trailing 12-month PE ratio is 9.95, while the earnings-per-share (ttm) stands at $3.01. The company has a PEG of 0.77 and a Quick Ratio of 1.54 with the debt-to-equity ratio at 0.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.51% over the week and 2.47% over the month.

Analysts forecast that Halliburton Co. (HAL) will achieve an EPS of 0.76 for the current quarter, 0.82 for the next quarter and 3.55 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.75 while analysts give the company a high EPS estimate of 0.75. Comparatively, EPS for the current quarter was 0.72 a year ago. Earnings per share for the fiscal year are expected to increase by 0.61%, and 13.06% over the next financial year. EPS should grow at an annualized rate of 13.00% 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. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on September 13, 2024, with the firm’s price target at $44-$37. TD Cowen coverage for the Halliburton Co. (HAL) stock in a research note released on July 22, 2024 offered a Buy rating with a price target of $45. TD Cowen was of a view on April 24, 2024 that the stock is Buy, while TD Cowen gave the stock Outperform rating on January 24, 2024, issuing a price target of $49- $51. CapitalOne on their part issued Overweight rating on June 07, 2023.

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