Halliburton Company [HAL] is 8.15% higher this YTD. Is it still time to buy?

Halliburton Company [NYSE: HAL] gained 4.66% on the last trading session, reaching $20.44 price per share at the time. The company report on September 8, 2021 that Halliburton to Present at 2021 Barclays CEO Energy-Power Conference.

Halliburton Company (NYSE: HAL) announced that its Chairman, President and CEO Jeff Miller will present at the 2021 Barclays CEO Energy-Power Conference on Wednesday, September 8, 2021, at 8:00 AM Eastern Time.

Interested parties may listen to the presentation live via webcast at www.halliburton.com. Please log on at least 15 minutes early to register and to download any necessary audio software. A replay will be available on the website for twelve months following the presentation.

Halliburton Company represents 890.00 million in outstanding shares, while the company has a total market value of $18.01 billion with the latest information. HAL stock price has been found in the range of $19.835 to $20.535.

If compared to the average trading volume of 8.38M shares, HAL reached a trading volume of 7528262 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $26.68 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 2.20. 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.

RBC Capital Mkts have made an estimate for Halliburton Company shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 09, 2021. The new note on the price target was released on August 05, 2021, representing the official price target for Halliburton Company stock. Previously, the target price had yet another raise to $26, while Goldman analysts kept a Buy rating on HAL stock.

The Average True Range (ATR) for Halliburton Company is set at 0.73, with the Price to Sales ratio for HAL stock in the period of the last 12 months amounting to 1.35. The Price to Book ratio for the last quarter was 3.36, with the Price to Cash per share for the same quarter was set at 3.02. Price to Free Cash Flow for HAL in the course of the last twelve months was 21.39 with Quick ratio for the last quarter at 1.70.

Trading performance analysis for HAL stock

Halliburton Company [HAL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.34. With this latest performance, HAL shares dropped by 0.00% in over the last four-week period, additionally sinking by -14.73% over the last 6 months – not to mention a rise of 43.24% 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 54.03, with the RSI for the last a single of trading hit 58.38, and the three-weeks RSI is set at 51.39 for Halliburton Company [HAL]. The present Moving Average for the last 50 days of trading for this stock 20.33, while it was recorded at 19.71 for the last single week of trading, and 20.95 for the last 200 days.

Halliburton Company [HAL]: A deeper dive into fundamental analysis

Halliburton Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.30.

Halliburton Company [HAL]: An earnings per share (EPS) analysis

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 55.20%.

An analysis of insider ownership at Halliburton Company [HAL]

There are presently around $14,292 million, or 78.80% of HAL stock, in the hands of institutional investors. The top three institutional holders of HAL stocks are: VANGUARD GROUP INC with ownership of 100,270,630, which is approximately 0.669% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 65,352,362 shares of the stock with an approximate value of $1.34 billion in HAL stocks shares; and CAPITAL WORLD INVESTORS, currently with $1.24 billion in HAL stock with ownership of nearly 0.041% of the company’s market capitalization.

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296 institutional holders increased their position in Halliburton Company [NYSE:HAL] by around 55,312,000 shares. Additionally, 319 investors decreased positions by around 47,164,713 shares, while 129 investors held positions by with 596,752,390 shares. The mentioned changes placed institutional holdings at 699,229,103 shares, according to the latest SEC report filing. HAL stock had 76 new institutional investments in for a total of 9,903,793 shares, while 66 institutional investors sold positions of 2,815,078 shares during the same period.

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