There’s Something Awry at Halliburton Co. (NYSE:HAL) Since Share Price Gets Ahead of Fundamentals

The stock of Halliburton Co. (NYSE:HAL) last traded at $37.99, up 2.18% from the previous session.

Data from the available sources indicates that Halliburton Co. (NYSE:HAL) is covered by 30 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $56.00 and a low of $44.00, we find $49.50. Given the previous closing price of $37.18, this indicates a potential upside of 33.14 percent. HAL stock price is now -6.25% away from the 50-day moving average and 5.03% away from the 200-day moving average. The market capitalization of the company currently stands at $34.00B.

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In total, 3 analysts have assigned it a hold rating, and 23 have given it a buy rating. Brokers who have rated the stock have averaged $49.35 as their price target over the next twelve months.

With the price target of $41, CapitalOne recently initiated with Overweight rating for Halliburton Co. (NYSE: HAL).

In other news, Beckwith Van H., EVP, Secretary and CLO sold 5,000 shares of the company’s stock on Oct 20. The stock was sold for $214,700 at an average price of $42.94. Upon completion of the transaction, the EVP, Secretary and CLO now directly owns 176,334 shares in the company, valued at $6.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 13, EVP, Secretary and CLO Beckwith Van H. sold 5,000 shares of the business’s stock. A total of $214,200 was realized by selling the stock at an average price of $42.84. This leaves the insider owning 181,334 shares of the company worth $6.89 million. Insiders disposed of 1,246,959 shares of company stock worth roughly $47.37 million over the past 1 year. A total of 0.37% of the company’s stock is owned by insiders.

With an opening price of $37.69 on Friday morning, Halliburton Co. (NYSE: HAL) set off the trading day. During the past 12 months, Halliburton Co. has had a low of $27.84 and a high of $43.85. As of last week, the company has a debt-to-equity ratio of 0.97, a current ratio of 2.14, and a quick ratio of 1.53. According to the stock market information, the enterprise value for the company is $40.87B, which is based on a 13.06 price-to-earnings ratio, a 0.54 price-to-earnings-growth ratio, and a beta of 2.07. The fifty day moving average price for HAL is $40.46 and a two-hundred day moving average price translates $36.17 for the stock.

The latest earnings results from Halliburton Co. (NYSE: HAL) was released for Sep, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.79, beating analysts’ expectations of $0.77 by 0.02. This compares to $0.60 EPS in the same period last year. The net profit margin was 11.52% and return on equity was 31.40% for HAL. The company reported revenue of $5.8 billion for the quarter, compared to $5.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.34 percent. For the current quarter, analysts expect HAL to generate $5.8B in revenue.

Halliburton Co.(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.

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