Halliburton Company [NYSE: HAL] stock went on a downward path that fall over -4.59% on Tuesday, amounting to a one-week price decrease of less than -2.56%. The company report on March 17, 2021 that Halliburton Awards Multimillion Dollar Grant to Malaysian University.
Provides students with access to leading E&P software and mentoring opportunities to engage and prepare them for future careers.
Halliburton Company (NYSE: HAL) announced it awarded a multimillion dollar software grant to Universiti Teknologi PETRONAS (UTP) to support the education and development of students pursuing careers in the oil and gas industry. The three-year donation provides access to Halliburton Landmark’s DecisionSpace® suite of exploration and production software so students can bridge the gap between academic coursework and practical application.
Over the last 12 months, HAL stock rose by 285.02%. The one-year Halliburton Company stock forecast points to a potential downside of -3.72. The average equity rating for HAL stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $20.17 billion, with 887.00 million shares outstanding and 885.87 million shares in the current float. Compared to the average trading volume of 11.18M shares, HAL stock reached a trading volume of 10988695 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 $22.05 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.
Piper Sandler have made an estimate for Halliburton Company shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 01, 2021. The new note on the price target was released on January 25, 2021, representing the official price target for Halliburton Company stock. Previously, the target price had yet another raise from $14 to $25, while Stephens kept a Overweight rating on HAL stock. On December 15, 2020, analysts increased their price target for HAL shares from 13.50 to 24.
The Average True Range (ATR) for Halliburton Company is set at 1.09, with the Price to Sales ratio for HAL stock in the period of the last 12 months amounting to 1.40. The Price to Book ratio for the last quarter was 4.08, with the Price to Cash per share for the same quarter was set at 2.91. Price to Free Cash Flow for HAL in the course of the last twelve months was 23.05 with Quick ratio for the last quarter at 1.60.
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 -2.56. With this latest performance, HAL shares gained by 13.39% in over the last four-week period, additionally plugging by 59.60% over the last 6 months – not to mention a rise of 285.02% 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 55.03, with the RSI for the last a single of trading hit 50.97, and the three-weeks RSI is set at 56.41 for Halliburton Company [HAL]. The present Moving Average for the last 50 days of trading for this stock 20.77, while it was recorded at 23.77 for the last single week of trading, and 16.24 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 +3.99 and a Gross Margin at +10.70. Halliburton Company’s Net Margin is presently recorded at -20.39.
Return on Total Capital for HAL is now 3.25, given the latest momentum, and Return on Invested Capital for the company is -17.19. Return on Equity for this stock declined to -45.36, with Return on Assets sitting at -12.79. When it comes to the capital structure of this company, Halliburton Company [HAL] has a Total Debt to Total Equity ratio set at 220.71. Additionally, HAL Total Debt to Total Capital is recorded at 68.82, with Total Debt to Total Assets ending up at 53.09. Long-Term Debt to Equity for the company is recorded at 201.21, with the Long-Term Debt to Total Capital now at 62.74.
Reflecting on the efficiency of the workforce at the company, Halliburton Company [HAL] managed to generate an average of -$73,625 per employee. Receivables Turnover for the company is 3.78 with a Total Asset Turnover recorded at a value of 0.63.Halliburton Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.10.
HAL Stock EPS
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 15.51%.
Halliburton Company [HAL] Insider Position Details
There are presently around $15,834 million, or 79.10% of HAL stock, in the hands of institutional investors. The top three institutional holders of HAL stocks are: VANGUARD GROUP INC with ownership of 101,229,649, which is approximately 1.738% of the company’s market cap and around 0.40% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 64,412,667 shares of the stock with an approximate value of $1.47 billion in HAL stocks shares; and BLACKROCK INC., currently with $1.41 billion in HAL stock with ownership of nearly 3.81% 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 304 institutional holders increased their position in Halliburton Company [NYSE:HAL] by around 59,769,596 shares. Additionally, 352 investors decreased positions by around 41,737,209 shares, while 118 investors held positions by with 590,839,850 shares. The mentioned changes placed institutional holdings at 692,346,655 shares, according to the latest SEC report filing. HAL stock had 104 new institutional investments in for a total of 8,850,490 shares, while 80 institutional investors sold positions of 3,597,332 shares during the same period.