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

Currently, there are 878.00M common shares owned by the public and among those 874.48M shares have been available to trade.

The company’s stock has a 5-day price change of 10.86% and 2.05% over the past three months. HAL shares are trading 9.97% year to date (YTD), with the 12-month market performance down to -10.05% lower. It has a 12-month low price of $25.51 and touched a high of $41.56 over the same period. HAL has an average intraday trading volume of 9.40 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 9.20%, 2.97%, and -7.19% respectively.

Institutional ownership of Halliburton Co (NYSE: HAL) shares accounts for 85.65% of the company’s 878.00M shares outstanding.

It has a market capitalization of $26.27B and a beta (3y monthly) value of 1.91. The stock’s trailing 12-month PE ratio is 10.43, while the earnings-per-share (ttm) stands at $2.87. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.92% over the week and 2.69% over the month.

Earnings per share for the fiscal year are expected to decrease by -4.58%, and -0.10% over the next financial year. EPS should shrink at an annualized rate of -3.08% over the next five years, compared to 9.14% over the past 5-year period.

Piper Sandler was of a view on December 19, 2024 that the stock is Overweight, while Barclays gave the stock Equal Weight rating on December 18, 2024, issuing a price target of $43- $33. UBS on their part issued Neutral rating on December 09, 2024.

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