Halliburton Company (NYSE: HAL) is 17.71% higher on its value in year-to-date trading and has touched a low of $19.73 and a high of $43.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HAL stock was last observed hovering at around $27.08 in the last trading session, with the day’s loss setting it -0.16% off its average median price target of $44.00 for the next 12 months. It is also 49.21% off the consensus price target high of $53.00 offered by 26 analysts, but current levels are 15.87% higher than the price target low of $32.00 for the same period.
Currently trading at $26.92, the stock is -9.16% and -7.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.85 million and changing -0.59% at the moment leaves the stock -15.99% off its SMA200. HAL registered 36.30% gain for a year compared to 6-month loss of -29.29%.
The stock witnessed a -13.77% gain in the last 1 month and extending the period to 3 months gives it a -10.39%, and is -8.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.43% over the week and 3.75% over the month.
Halliburton Company (HAL) has around 40000 employees, a market worth around $25.46B and $17.50B in sales. Current P/E ratio is 16.87 and Fwd P/E is 9.67. Profit margin for the company is 8.20%. Distance from 52-week low is 36.44% and -38.80% from its 52-week high. The company has generated returns on investments over the last 12 months (12.60%).
Halliburton Company (HAL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Halliburton Company (HAL) is a “Overweight”. 26 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 4 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Halliburton Company is expected to release its quarterly report on 10/25/2022.The EPS is expected to grow by 148.90% this year
Halliburton Company (HAL) Top Institutional Holders
The shares outstanding are 904.00M, and float is at 903.51M with Short Float at 2.08%.
Halliburton Company (HAL) Insider Activity
A total of 23 insider transactions have happened at Halliburton Company (HAL) in the last six months, with sales accounting for 15 and purchases happening 8 times. The most recent transaction is an insider sale by Rainey Joe D, the company’s Pres., Eastern Hemisphere. SEC filings show that Rainey Joe D sold 20,000 shares of the company’s common stock on Jun 08 at a price of $42.73 per share for a total of $0.85 million. Following the sale, the insider now owns 0.31 million shares.
Halliburton Company disclosed in a document filed with the SEC on Jun 01 that Pope Lawrence J (EVP Administration & CHRO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Jun 01 and was made at $40.95 per share for $0.41 million. Following the transaction, the insider now directly holds 0.27 million shares of the HAL stock.
Still, SEC filings show that on May 26, Pope Lawrence J (EVP Administration & CHRO) disposed off 10,000 shares at an average price of $39.95 for $0.4 million. The insider now directly holds 283,342 shares of Halliburton Company (HAL).
Halliburton Company (HAL): Who are the competitors?
The company’s main competitors (and peers) include ConocoPhillips (COP) that is trading 79.17% up over the past 12 months and Schlumberger Limited (SLB) that is 40.81% higher over the same period. Devon Energy Corporation (DVN) is 115.06% up on the 1-year trading charts.