Halliburton Co. [NYSE: HAL] price plunged by 0.00 percent to reach at $0.0. The company report on February 28, 2024 at 8:00 AM that Halliburton Labs Appoints Pulakesh Mukherjee to Advisory Board.
Halliburton Labs has announced Pulakesh Mukherjee, Partner, Imperative Ventures has joined its advisory board. Mukherjee brings extensive experience in energy systems, innovation, and venture capital to support Halliburton Labs’ collaborative environment where entrepreneurs, academics, investors, and experienced practitioners advance the future of energy faster.
“We are pleased to welcome Pulakesh as we help emerging companies achieve scale and growth,” said Dale Winger, managing director of Halliburton Labs. “Pulakesh brings strong expertise and an expansive network throughout the early-stage energy and climate tech ecosystem. We look forward to his guidance to catalyze increased collaboration among innovators, investors, and industry.”.
The one-year HAL stock forecast points to a potential upside of 25.43. The average equity rating for HAL stock is currently 1.31, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Halliburton Co. [HAL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HAL shares is $47.18 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 1.31. 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.
TD Cowen have made an estimate for Halliburton Co. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 24, 2024. While these analysts kept the previous recommendation, CapitalOne raised their target price to Overweight. The new note on the price target was released on June 07, 2023, representing the official price target for Halliburton Co. stock. Previously, the target price had yet another raise to $49, while UBS analysts kept a Buy rating on HAL stock.
The Average True Range (ATR) for Halliburton Co. is set at 0.81, with the Price to Sales ratio for HAL stock in the period of the last 12 months amounting to 1.36. The Price to Book ratio for the last quarter was 3.33, with the Price to Cash per share for the same quarter was set at 2.54. Price to Free Cash Flow for HAL in the course of the last twelve months was 15.06 with Quick ratio for the last quarter at 1.48.
HAL Stock Performance Analysis:
Halliburton Co. [HAL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.63. With this latest performance, HAL shares gained by 1.18% in over the last four-week period, additionally sinking by -11.63% over the last 6 months – not to mention a drop of -9.54% 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 50.09, with the RSI for the last a single of trading hit 51.31, and the three-weeks RSI is set at 48.86 for Halliburton Co. [HAL]. The present Moving Average for the last 50 days of trading for this stock 35.30, while it was recorded at 35.20 for the last single week of trading, and 36.89 for the last 200 days.
Insight into Halliburton Co. Fundamentals:
Halliburton Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.48 and a Current Ratio set at 2.06.
HAL Stock EPS
With the latest financial reports released by the company, Halliburton Co. posted 0.72/share EPS, while the average EPS was predicted by analysts to be reported at 0.67/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.50%. 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 Co. go to 14.60%.
Halliburton Co. [HAL] Institutonal Ownership Details
The top three institutional holders of HAL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in HAL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in HAL stock with ownership which is approximately 5.8325%.
