Halliburton Company [NYSE: HAL] traded at a low on 01/19/21, posting a -0.96 loss after which it closed the day’ session at $20.54. The company report on January 19, 2021 that Halliburton Co. to Host Earnings Call.
Halliburton Co. (NYSE:HAL) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on January 19, 2021 at 9:00 AM Eastern Time.
To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/72047.
The results of the trading session contributed to over 16364699 shares changing hands. Over the past one week, the price volatility of Halliburton Company stands at 4.68% while the volatility over the past one month is 4.41%.
The market cap for HAL stock reached $19.05 billion, with 882.00 million shares outstanding and 881.18 million shares in the current float. Compared to the average trading volume of 12.60M shares, HAL reached a trading volume of 16364699 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $19.93 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 2.60. 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.
Citigroup have made an estimate for Halliburton Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 15, 2020. The new note on the price target was released on December 10, 2020, representing the official price target for Halliburton Company stock. On October 20, 2020, analysts increased their price target for HAL shares from 20 to 24.
The Average True Range (ATR) for Halliburton Company is set at 0.99, with the Price to Sales ratio for HAL stock in the period of the last 12 months amounting to 1.16. The Price to Book ratio for the last quarter was 3.48, with the Price to Cash per share for the same quarter was set at 2.28. Price to Free Cash Flow for HAL in the course of the last twelve months was 16.37 with Quick ratio for the last quarter at 1.60.
How has HAL stock performed recently?
Halliburton Company [HAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.15. With this latest performance, HAL shares gained by 1.99% in over the last four-week period, additionally plugging by 53.17% over the last 6 months – not to mention a drop of -14.27% 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 55.83, with the RSI for the last a single of trading hit 52.31, and the three-weeks RSI is set at 57.73 for Halliburton Company [HAL]. The present Moving Average for the last 50 days of trading for this stock 18.23, while it was recorded at 21.35 for the last single week of trading, and 14.06 for the last 200 days.
Halliburton Company [HAL]: Deeper insight into the 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 2.30.
Earnings analysis for Halliburton Company [HAL]
With the latest financial reports released by the company, Halliburton Company posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 29.20%. 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 -3.15%.
Insider trade positions for Halliburton Company [HAL]
There are presently around $13,695 million, or 77.40% of HAL stock, in the hands of institutional investors. The top three institutional holders of HAL stocks are: VANGUARD GROUP INC with ownership of 99,500,093, which is approximately 2.517% of the company’s market cap and around 0.40% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 59,393,897 shares of the stock with an approximate value of $1.22 billion in HAL stocks shares; and BLACKROCK INC., currently with $1.22 billion in HAL stock with ownership of nearly -1.885% of the company’s market capitalization.
Positions in Halliburton Company stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 263 institutional holders increased their position in Halliburton Company [NYSE:HAL] by around 96,047,935 shares. Additionally, 337 investors decreased positions by around 56,640,083 shares, while 131 investors held positions by with 514,075,592 shares. The mentioned changes placed institutional holdings at 666,763,610 shares, according to the latest SEC report filing. HAL stock had 86 new institutional investments in for a total of 62,484,868 shares, while 65 institutional investors sold positions of 5,773,159 shares during the same period.