Halliburton Co. [NYSE: HAL] stock went on an upward path that rose over 3.02% on Friday, amounting to a one-week price decrease of less than -2.78%.
Over the last 12 months, HAL stock dropped by -31.83%. The one-year Halliburton Co. stock forecast points to a potential upside of 32.87. The average equity rating for HAL stock is currently 1.37, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $25.29 billion, with 889.00 million shares outstanding and 879.02 million shares in the current float. Compared to the average trading volume of 8.78M shares, HAL stock reached a trading volume of 14729065 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $42.68 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 1.37. 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 Co. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on September 13, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $47 to $45. The new note on the price target was released on July 22, 2024, representing the official price target for Halliburton Co. stock. Previously, the target price had yet another raise from $47 to $48, while TD Cowen kept a Buy rating on HAL stock. On January 24, 2024, analysts increased their price target for HAL shares from 49 to 51.
The Average True Range (ATR) for Halliburton Co. is set at 0.85, with the Price to Sales ratio for HAL stock in the period of the last 12 months amounting to 1.09. The Price to Book ratio for the last quarter was 2.53, with the Price to Cash per share for the same quarter was set at 2.42. Price to Free Cash Flow for HAL in the course of the last twelve months was 10.69 with Quick ratio for the last quarter at 1.54.
HAL Stock Performance Analysis:
Halliburton Co. [HAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.78. With this latest performance, HAL shares dropped by -7.58% in over the last four-week period, additionally sinking by -27.32% over the last 6 months – not to mention a drop of -31.83% 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 42.28, with the RSI for the last a single of trading hit 43.64, and the three-weeks RSI is set at 41.48 for Halliburton Co. [HAL]. The present Moving Average for the last 50 days of trading for this stock 30.89, while it was recorded at 29.05 for the last single week of trading, and 34.85 for the last 200 days.
Insight into Halliburton Co. Fundamentals:
Halliburton Co.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.54 and a Current Ratio set at 2.13.
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 Co. go to 13.00%.
Halliburton Co. [HAL] Institutonal Ownership Details
There are presently around $89.84%, or 90.19%% of HAL stock, in the hands of institutional investors. The top three institutional holders of HAL stocks are: CAPITAL WORLD INVESTORS with ownership of 120.11 million shares, which is approximately 13.5111%. VANGUARD GROUP INC, holding 103.62 million shares of the stock with an approximate value of $$3.5 billion in HAL stocks shares; and VANGUARD GROUP INC, currently with $$2.48 billion in HAL stock with ownership which is approximately 8.2499%.
