Halliburton Company [NYSE: HAL] closed the trading session at $16.71 on 08/12/20. The day’s price range saw the stock hit a low of $16.38, while the highest price level was $16.82.
The stocks have a year to date performance of -31.71 percent and weekly performance of 9.07 percent. The stock has been moved at -25.23 percent over the last six months. The stock has performed 33.89 percent around the most recent 30 days and changed 75.16 percent over the most recent 3-months.
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If compared to the average trading volume of 19.65M shares, HAL reached to a volume of 20481427 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $15.38 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 2.50. 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.
BofA Securities have made an estimate for Halliburton Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 21, 2020. The new note on the price target was released on July 15, 2020, representing the official price target for Halliburton Company stock. Previously, the target price had yet another raise to $11, while Northland Capital analysts kept a Market Perform rating on HAL stock.
The Average True Range (ATR) for Halliburton Company is set at 0.66, with the Price to Sales ratio for HAL stock in the period of the last 12 months amounting to 0.77. The Price to Book ratio for the last quarter was 2.82, with the Price to Cash per share for the same quarter was set at 2.07. Price to Free Cash Flow for HAL in the course of the last twelve months was 11.18 with Quick ratio for the last quarter at 1.60.
HAL stock trade performance evaluation
Halliburton Company [HAL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.07. With this latest performance, HAL shares gained by 33.89% in over the last four-week period, additionally sinking by -25.23% over the last 6 months – not to mention a drop of -14.22% 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 71.35, with the RSI for the last a single of trading hit 76.85, and the three-weeks RSI is set at 66.88 for Halliburton Company [HAL]. The present Moving Average for the last 50 days of trading for this stock 13.68, while it was recorded at 15.63 for the last single week of trading, and 15.83 for the last 200 days.
Halliburton Company [HAL]: An insightful look at the core 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 1.60 and a Current Ratio set at 2.20.
Earnings per share (EPS) analysis for Halliburton Company [HAL] stock
With the latest financial reports released by the company, Halliburton Company posted 0.34/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Halliburton Company go to -10.83%.
Halliburton Company [HAL]: Insider Ownership positions
There are presently around $10,961 million, or 75.70% 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 $1.06 billion in HAL stocks shares; and DODGE & COX, currently with $816.87 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 July and at the time of the July reporting period, where 352 institutional holders increased their position in Halliburton Company [NYSE:HAL] by around 66,334,468 shares. Additionally, 364 investors decreased positions by around 96,580,994 shares, while 103 investors held positions by with 493,065,600 shares. The mentioned changes placed institutional holdings at 655,981,062 shares, according to the latest SEC report filing. HAL stock had 108 new institutional investments in for a total of 15,674,264 shares, while 139 institutional investors sold positions of 18,437,108 shares during the same period.