Halliburton Co. (NYSE:HAL) shares traded 2.33% higher at $40.84 on Wall Street last session.
HAL stock price is now 12.56% away from the 50-day moving average and 8.78% away from the 200-day moving average. The market capitalization of the company currently stands at $36.35B.
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With the price target enhanced from $49 to $51, TD Cowen maintained Outperform rating for Halliburton Co. (NYSE: HAL). On June 07, 2023, CapitalOne recently initiated its ‘Overweight’ rating on the stock quoting a target price of $41, while ‘UBS’ rates the stock as ‘Buy’
In other news, Banks Margaret Katherine, Director sold 5,000 shares of the company’s stock on Mar 05 ’24. The stock was sold for $176,500 at an average price of $35.30. Upon completion of the transaction, the Director now directly owns 9,625 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, Director, President & CEO Miller Jeffrey Allen sold 377,000 shares of the business’s stock. A total of $13,308,100 was realized by selling the stock at an average price of $35.30. This leaves the insider owning 759,015 shares of the company worth $31.0 million. A total of 0.45% of the company’s stock is owned by insiders.
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 0.94, a current ratio of 2.06, and a quick ratio of 1.48. According to the stock market information, the enterprise value for the company is $42.07B, which is based on a 13.97 price-to-earnings ratio, a 0.96 price-to-earnings-growth ratio, and a beta of 2.03. The fifty day moving average price for HAL is $36.41 and a two-hundred day moving average price translates $37.58 for the stock.
The latest earnings results from Halliburton Co. (NYSE: HAL) was released for Dec, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.86, beating analysts’ expectations of $0.8 by 0.06. This compares to $0.72 EPS in the same period last year. The net profit margin was 11.46% and return on equity was 30.43% for HAL. The company reported revenue of $5.74 billion for the quarter, compared to $5.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.81 percent. For the current quarter, analysts expect HAL to generate $5.67B in revenue.
