Halliburton Company [NYSE: HAL] stock went on an upward path that rose over 4.07% on Friday, amounting to a one-week price decrease of less than -11.98%. Over the last 12 months, HAL stock dropped by -41.00%. The one-year Halliburton Company stock forecast points to a potential downside of -23.84. The average equity rating for HAL stock is currently 2.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $10.77 billion, with 878.00 million shares outstanding and 874.82 million shares in the current float. Compared to the average trading volume of 32.16M shares, HAL stock reached a trading volume of 19738299 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Halliburton Company [HAL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HAL shares is $10.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HAL stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for Halliburton Company shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on May 29, 2020. The new note on the price target was released on May 29, 2020, representing the official price target for Halliburton Company stock.
The Average True Range (ATR) for Halliburton Company is set at 1.03, with the Price to Sales ratio for HAL stock in the period of the last 12 months amounting to 0.50. The Price to Book ratio for the last quarter was 1.64. Price to Free Cash Flow for HAL in the course of the last twelve months was 13.86 with Quick ratio for the last quarter at 1.50.
HAL Stock Performance Analysis:
Halliburton Company [HAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.98. With this latest performance, HAL shares gained by 33.96% in over the last four-week period, additionally sinking by -45.34% over the last 6 months – not to mention a drop of -41.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HAL stock in for the last two-week period is set at 54.11, with the RSI for the last a single of trading hit 48.86, and the three-weeks RSI is set at 53.68 for Halliburton Company [HAL]. The present Moving Average for the last 50 days of trading for this stock 10.38, while it was recorded at 14.28 for the last single week of trading, and 17.04 for the last 200 days.
Insight into Halliburton Company Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Halliburton Company [HAL] shares currently have an operating margin of +5.15 and a Gross Margin at +10.20. Halliburton Company’s Net Margin is presently recorded at -5.05.
Return on Total Capital for HAL is now 5.84, given the latest momentum, and Return on Invested Capital for the company is -5.77. Return on Equity for this stock declined to -12.90, with Return on Assets sitting at -4.40. When it comes to the capital structure of this company, Halliburton Company [HAL] has a Total Debt to Total Equity ratio set at 143.57. Additionally, HAL Total Debt to Total Capital is recorded at 58.94, with Total Debt to Total Assets ending up at 45.33. Long-Term Debt to Equity for the company is recorded at 140.60, with the Long-Term Debt to Total Capital now at 57.72.
Reflecting on the efficiency of the workforce at the company, Halliburton Company [HAL] managed to generate an average of -$20,564 per employee. Receivables Turnover for the company is 4.57 with a Total Asset Turnover recorded at a value of 0.87.Halliburton Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 2.10.
HAL Stock EPS
With the latest financial reports released by the company, Halliburton Company posted 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.3/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HAL.
Halliburton Company [HAL] Insider Position Details
There are presently around $8,494 million, or 77.00% of HAL stock, in the hands of institutional investors. The top three institutional holders of HAL stocks are: VANGUARD GROUP INC with ownership of 99,673,629, which is approximately 3.592% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 63,322,683 shares of the stock with an approximate value of $809.26 million in HAL stocks shares; and DODGE & COX, currently with $624.75 million in HAL stock with ownership of nearly 7.934% of the company’s market capitalization.
Positions in Halliburton Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 354 institutional holders increased their position in Halliburton Company [NYSE:HAL] by around 86,674,406 shares. Additionally, 389 investors decreased positions by around 131,672,761 shares, while 106 investors held positions by with 446,251,742 shares. The mentioned changes placed institutional holdings at 664,598,909 shares, according to the latest SEC report filing. HAL stock had 90 new institutional investments in for a total of 14,821,495 shares, while 152 institutional investors sold positions of 20,301,539 shares during the same period.