Halliburton Co (NYSE: HAL) is -1.99% lower on its value in year-to-date trading and has touched a low of $25.51 and a high of $41.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HAL stock was last observed hovering at around $27.25 in the last trading session, with the day’s loss setting it -0.6%.
Currently trading at $26.65, the stock is -4.40% and -7.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.71 million and changing -2.20% at the moment leaves the stock -16.26% off its SMA200. HAL registered -27.97% loss for a year compared to 6-month loss of -22.53%. The firm has a 50-day simple moving average (SMA 50) of $28.8282 and a 200-day simple moving average (SMA200) of $31.8263.
The stock witnessed a -0.71% gain in the last 1 month and extending the period to 3 months gives it a -4.31%, and is -9.75% 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 3.62% over the week and 2.80% over the month.
Halliburton Co (HAL) has around 48000 employees, a market worth around $23.41B and $22.94B in sales. Current P/E ratio is 9.41 and Fwd P/E is 8.70. Profit margin for the company is 10.90%. Distance from 52-week low is 4.47% and -35.88% from its 52-week high. The company has generated returns on investments over the last 12 months (13.55%).
with sales reaching $5.27B over the same period.The EPS is expected to shrink by -9.77% this year, but quarterly earnings will post -2.70% year-over-year. Quarterly sales are estimated to shrink -9.27% in year-over-year returns.
Halliburton Co (HAL) Top Institutional Holders
1295.0 institutions hold shares in Halliburton Co (HAL), with institutional investors hold 86.79% of the company’s shares. The shares outstanding are 878.50M, and float is at 874.48M with Short Float at 3.37%. Institutions hold 86.38% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 120.11 million shares valued at $4.06 billion. The investor’s holdings represent 13.5111% of the HAL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 103.62 million shares valued at $3.5 billion to account for 11.6553 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 73.34 million shares representing 8.2499% and valued at over $2.48 billion, while STATE STREET CORP holds 6.4831 of the shares totaling 57.64 million with a market value of $1.95 billion.
Halliburton Co (HAL) Insider Activity
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Halliburton Co disclosed in a document filed with the SEC on Jul 18 ’24 that Beckwith Van H. (EVP, Secretary and CLO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Jul 18 ’24 and was made at $36.75 per share for $0.37 million. Following the transaction, the insider now directly holds 0.27 million shares of the HAL stock.
Still, SEC filings show that on May 20 ’24, Geer Charles Jr. (SVP & Chief Accounting Officer) disposed off 3,000 shares at an average price of $38.00 for $0.11 million. The insider now directly holds 97,084 shares of Halliburton Co (HAL).
