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After finishing at $28.02 in the prior trading day, Halliburton Co. (NYSE: HAL) closed at $27.87, down -0.54%. In other words, the price has decreased by -$0.54 from its previous closing price. On the day, 9.04 million shares were traded. HAL stock price reached its highest trading level at $28.435 during the session, while it also had its lowest trading level at $27.67.
Ratios:
Our goal is to gain a better understanding of HAL by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.39. For the most recent quarter (mrq), Quick Ratio is recorded 1.54 and its Current Ratio is at 2.13. In the meantime, Its Debt-to-Equity ratio is 0.87 whereas as Long-Term Debt/Eq ratio is at 0.85.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, RBC Capital Mkts on September 13, 2024, Downgraded its rating to Sector Perform and sets its target price to $37 from $44 previously.
On July 22, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $47 to $45.
TD Cowen reiterated its Buy rating for the stock on April 24, 2024, while the target price for the stock was revised from $47 to $48.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 18 ’24 when Beckwith Van H. sold 10,000 shares for $36.75 per share. The transaction valued at 367,500 led to the insider holds 273,908 shares of the business.
Geer Charles Jr. sold 3,000 shares of HAL for $114,000 on May 20 ’24. The SVP & Chief Accounting Officer now owns 97,084 shares after completing the transaction at $38.00 per share. On May 20 ’24, another insider, Sharp Jill D., who serves as the SVP Internal Assurance Svcs. of the company, sold 6,933 shares for $38.00 each. As a result, the insider received 263,454 and left with 33,251 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HAL now has a Market Capitalization of 24604444672 and an Enterprise Value of 31240431616. As of this moment, Halliburton’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.26, and their Forward P/E ratio for the next fiscal year is 7.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.06 while its Price-to-Book (P/B) ratio in mrq is 2.46. Its current Enterprise Value per Revenue stands at 1.348 whereas that against EBITDA is 6.054.
Stock Price History:
Over the past 52 weeks, HAL has reached a high of $43.85, while it has fallen to a 52-week low of $27.52. The 50-Day Moving Average of the stock is -13.07%, while the 200-Day Moving Average is calculated to be -20.94%.
Shares Statistics:
The stock has traded on average 9.03M shares per day over the past 3-months and 9865170 shares per day over the last 10 days, according to various share statistics. A total of 889.00M shares are outstanding, with a floating share count of 879.02M. Insiders hold about 0.43% of the company’s shares, while institutions hold 90.01% stake in the company. Shares short for HAL as of 1724976000 were 25232725 with a Short Ratio of 2.79, compared to 1722384000 on 27150339. Therefore, it implies a Short% of Shares Outstanding of 25232725 and a Short% of Float of 3.83.
Dividends & Splits
In the trailing 12 months, HAL’s forward annual dividend rate was 0.66, compared to 0.67 this year. Against a Trailing Annual Dividend Yield of 0.023554605The stock’s 5-year Average Dividend Yield is 2.09.
