In yesterday’s Wall Street session, Halliburton Company (NYSE:HAL) shares traded at $28.94, up 3.80% from the previous session.
26 analysts cover Halliburton Company (NYSE:HAL), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $58.00 and a low of $40.00, we find $49.00. Given the previous closing price of $27.88, this indicates a potential upside of 75.75 percent. HAL stock price is now -9.52% away from the 50-day moving average and -14.48% away from the 200-day moving average. The market capitalization of the company currently stands at $26.00B.
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The stock has received a hold rating from 1 analysts and a buy rating from 22. Brokers who have rated the stock have averaged $48.57 as their price target over the next twelve months.
With the price target of $49, UBS recently initiated with Buy rating for Halliburton Company (NYSE: HAL). On January 19, 2023, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $50, while ‘Wolfe Research’ rates the stock as ‘Outperform’.
In other news, Miller Jeffrey Allen, Director, President & CEO sold 10,057 shares of the company’s stock on May 09. The stock was sold for $303,520 at an average price of $30.18. Upon completion of the transaction, the Director, President & CEO now directly owns 819,173 shares in the company, valued at $23.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08, Director, President & CEO Miller Jeffrey Allen sold 271,283 shares of the business’s stock. A total of $8,206,311 was realized by selling the stock at an average price of $30.25. This leaves the insider owning 829,230 shares of the company worth $24.0 million. Insiders disposed of 891,994 shares of company stock worth roughly $25.81 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HAL stock. A new stake in Halliburton Company shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $266,751,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $46,204,000 in shares of HAL during the first quarter. In the first quarter, WESTFIELD CAPITAL MANAGEMENT CO LP acquired a new stake in Halliburton Company valued at approximately $23,064,000. ATLANTIC INVESTMENT MANAGEMENT, INC. acquired a new stake in HAL for approximately $19,245,000. TWIN TREE MANAGEMENT, LP purchased a new stake in HAL valued at around $16,271,000 in the second quarter. In total, there are 1,319 active investors with 84.70% ownership of the company’s stock.
On Wednesday morning Halliburton Company (NYSE: HAL) stock kicked off with the opening price of $28.34. During the past 12 months, Halliburton Company has had a low of $23.30 and a high of $43.99. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.10, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $33.27B, which is based on a 13.42 price-to-earnings ratio, a 0.41 price-to-earnings-growth ratio, and a beta of 2.15. The fifty day moving average price for HAL is $31.81 and a two-hundred day moving average price translates $33.84 for the stock.
The latest earnings results from Halliburton Company (NYSE: HAL) was released for Mar, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.67 by 0.05. This compares to $0.29 EPS in the same period last year. The net profit margin was 9.00% and return on equity was 25.20% for HAL. The company reported revenue of $5.68 billion for the quarter, compared to $4.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.52 percent. For the current quarter, analysts expect HAL to generate $5.89B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/29/2023. Investors who held shares on 03/01/2023 were paid a $0.16 dividend. On an annualized basis, this represents a $0.64 dividend and a 2.21% percent yield. There was an ex-dividend date of 02/28/2023 for this dividend. In terms of dividend payout ratio, HAL is presently at 24.00%.
Halliburton Company(HAL) Company Profile
Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning. This segment also provides electrical submersible pumps, as well as artificial lift services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; oilfield completion, production, and downstream water and process treatment chemicals and services; drilling systems and services; wireline and perforating services consists of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.
