Halliburton Co. [NYSE: HAL] loss -1.69% or -0.66 points to close at $38.44 with a heavy trading volume of 6335121 shares.
The daily chart for HAL points out that the company has recorded -9.40% loss over the past six months.
If we look at the average trading volume of 7.28M shares, HAL reached to a volume of 6335121 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 Co. [HAL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HAL shares is $47.39 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 1.33. 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 0.93, with the Price to Sales ratio for HAL stock in the period of the last 12 months amounting to 1.49. The Price to Book ratio for the last quarter was 3.64, 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 16.46 with Quick ratio for the last quarter at 1.48.
Trading performance analysis for HAL stock
Halliburton Co. [HAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.20. With this latest performance, HAL shares gained by 1.88% in over the last four-week period, additionally sinking by -9.40% over the last 6 months – not to mention a rise of 14.30% 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 45.27, with the RSI for the last a single of trading hit 35.05, and the three-weeks RSI is set at 50.33 for Halliburton Co. [HAL]. The present Moving Average for the last 50 days of trading for this stock 37.14, while it was recorded at 39.85 for the last single week of trading, and 37.96 for the last 200 days.
Halliburton Co. [HAL]: A deeper dive into fundamental analysis
Halliburton Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.48 and a Current Ratio set at 2.06.
Halliburton Co. [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 Co. go to 14.60%.
An analysis of Institutional ownership at Halliburton Co. [HAL]
The top three institutional holders of HAL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HAL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HAL stock with ownership which is approximately 5.8386%.
