why Halliburton Company [HAL] is a Good Choice for Investors After New Price Target of $44.92

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Halliburton Company [NYSE: HAL] stock went on a downward path that fall over -7.31% on Monday, amounting to a one-week price decrease of less than -9.17%. The company report on June 8, 2022 that Halliburton’s Second Quarter 2022 Earnings Conference Call.


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Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, July 19, 2022, to discuss its second quarter 2022 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time).

The Company will issue a press release regarding the second quarter 2022 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com.

Over the last 12 months, HAL stock rose by 59.03%. The one-year Halliburton Company stock forecast points to a potential upside of 16.45. The average equity rating for HAL stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $35.29 billion, with 899.00 million shares outstanding and 898.06 million shares in the current float. Compared to the average trading volume of 11.21M shares, HAL stock reached a trading volume of 12286632 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 $44.92 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 2.10. 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.

HSBC Securities have made an estimate for Halliburton Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 27, 2022. While these analysts kept the previous recommendation, Stephens raised their target price from $37 to $40. The new note on the price target was released on April 20, 2022, representing the official price target for Halliburton Company stock. Previously, the target price had yet another raise from $32 to $33, while Susquehanna kept a Positive rating on HAL stock. On January 25, 2022, analysts increased their price target for HAL shares from 36 to 38.

The Average True Range (ATR) for Halliburton Company is set at 1.88, with the Price to Sales ratio for HAL stock in the period of the last 12 months amounting to 2.19. The Price to Book ratio for the last quarter was 4.81, with the Price to Cash per share for the same quarter was set at 2.29. Price to Free Cash Flow for HAL in the course of the last twelve months was 64.75 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 -9.17. With this latest performance, HAL shares gained by 8.59% in over the last four-week period, additionally plugging by 56.83% over the last 6 months – not to mention a rise of 59.03% 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 43.41, with the RSI for the last a single of trading hit 36.50, and the three-weeks RSI is set at 46.89 for Halliburton Company [HAL]. The present Moving Average for the last 50 days of trading for this stock 38.37, while it was recorded at 41.15 for the last single week of trading, and 29.65 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 +11.85 and a Gross Margin at +13.18. Halliburton Company’s Net Margin is presently recorded at +9.53.

Return on Equity for this stock inclined to 24.93, with Return on Assets sitting at 6.78.

Halliburton Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.20.

HAL Stock EPS

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 60.75%.

Halliburton Company [HAL] Insider Position Details

There are presently around $29,721 million, or 83.30% of HAL stock, in the hands of institutional investors. The top three institutional holders of HAL stocks are: VANGUARD GROUP INC with ownership of 99,707,953, which is approximately -0.955% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 72,922,850 shares of the stock with an approximate value of $2.95 billion in HAL stocks shares; and CAPITAL WORLD INVESTORS, currently with $2.49 billion in HAL stock with ownership of nearly 1.508% 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 455 institutional holders increased their position in Halliburton Company [NYSE:HAL] by around 112,880,924 shares. Additionally, 354 investors decreased positions by around 84,120,171 shares, while 119 investors held positions by with 537,040,814 shares. The mentioned changes placed institutional holdings at 734,041,909 shares, according to the latest SEC report filing. HAL stock had 201 new institutional investments in for a total of 34,376,099 shares, while 75 institutional investors sold positions of 5,947,767 shares during the same period.

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