Halliburton Co (NYSE: HAL) is -2.57% lower on its value in year-to-date trading and has touched a low of $25.16 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 $25.98 in the last trading session, with the day’s gains setting it 0.51%.
Currently trading at $26.49, the stock is -2.64% and -4.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.98 million and changing 1.96% at the moment leaves the stock -15.04% off its SMA200. HAL registered -24.38% loss for a year compared to 6-month loss of -14.55%. The firm has a 50-day simple moving average (SMA 50) of $27.9448 and a 200-day simple moving average (SMA200) of $31.23875.
The stock witnessed a -1.78% gain in the last 1 month and extending the period to 3 months gives it a -10.36%, and is 0.57% up 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 2.78% over the week and 3.04% over the month.
Halliburton Co (HAL) has around 48000 employees, a market worth around $23.27B and $22.94B in sales. Current P/E ratio is 9.36 and Fwd P/E is 8.67. Profit margin for the company is 10.90%. Distance from 52-week low is 5.29% and -36.26% from its 52-week high. The company has generated returns on investments over the last 12 months (13.55%).
with sales reaching $5.28B over the same period.The EPS is expected to shrink by -10.49% this year, but quarterly earnings will post -2.70% year-over-year. Quarterly sales are estimated to shrink -9.02% 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 872.49M 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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Still, SEC filings show that on Jul 18 ’24, Beckwith Van H. (EVP, Secretary and CLO) disposed off 10,000 shares at an average price of $36.75 for $0.37 million. The insider now directly holds 273,908 shares of Halliburton Co (HAL).
