Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Halliburton Co. (NYSE: HAL) was $36.33 for the day, down -3.04% from the previous closing price of $37.47. In other words, the price has decreased by -$3.04 from its previous closing price. On the day, 7.8 million shares were traded. HAL stock price reached its highest trading level at $37.7 during the session, while it also had its lowest trading level at $36.1.
Ratios:
Our analysis of HAL’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.50. For the most recent quarter (mrq), Quick Ratio is recorded 1.52 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 0.91 whereas as Long-Term Debt/Eq ratio is at 0.88.
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 this company, TD Cowen on April 24, 2024, Reiterated its Buy rating but revised its target price to $48 from $47 previously.
On January 24, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $49 to $51.
On June 07, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $41.CapitalOne initiated its Overweight rating on June 07, 2023, with a $41 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 05 ’24 when Banks Margaret Katherine sold 5,000 shares for $35.30 per share. The transaction valued at 176,500 led to the insider holds 9,625 shares of the business.
Miller Jeffrey Allen sold 377,000 shares of HAL for $13,308,100 on Mar 04 ’24. The Director, President & CEO now owns 759,015 shares after completing the transaction at $35.30 per share. On Oct 20 ’23, another insider, Beckwith Van H., who serves as the EVP, Secretary and CLO of the company, sold 5,000 shares for $42.94 each. As a result, the insider received 214,700 and left with 176,334 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 32162985984 and an Enterprise Value of 39104995328. As of this moment, Halliburton’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.59, and their Forward P/E ratio for the next fiscal year is 9.26. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 3.34. Its current Enterprise Value per Revenue stands at 1.69 whereas that against EBITDA is 7.648.
Stock Price History:
The Beta on a monthly basis for HAL is 2.02, which has changed by 0.2518952 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, HAL has reached a high of $43.85, while it has fallen to a 52-week low of $27.84. The 50-Day Moving Average of the stock is -4.17%, while the 200-Day Moving Average is calculated to be -4.68%.
Shares Statistics:
HAL traded an average of 6.58M shares per day over the past three months and 6749550 shares per day over the past ten days. A total of 889.00M shares are outstanding, with a floating share count of 881.46M. Insiders hold about 0.43% of the company’s shares, while institutions hold 86.90% stake in the company. Shares short for HAL as of 1713139200 were 24853292 with a Short Ratio of 3.78, compared to 1710460800 on 23069152. Therefore, it implies a Short% of Shares Outstanding of 24853292 and a Short% of Float of 3.7600000000000002.
Dividends & Splits
With its trailing 12-month dividend rate of 0.65, HAL has a forward annual dividend rate of 0.65. Against a Trailing Annual Dividend Yield of 0.01734721The stock’s 5-year Average Dividend Yield is 2.19. The current Payout Ratio is 21.88% for HAL, which recently paid a dividend on 2024-03-05 with an ex-dividend date of 1709596800. Stock splits for the company last occurred on 2006-07-17 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 22.0 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.8 for the current quarter, with a high estimate of $0.81 and a low estimate of $0.79, while EPS last year was $0.77. The consensus estimate for the next quarter is $0.88, with high estimates of $0.92 and low estimates of $0.85.
Analysts are recommending an EPS of between $3.51 and $3.31 for the fiscal current year, implying an average EPS of $3.39. EPS for the following year is $3.93, with 22.0 analysts recommending between $4.32 and $3.6.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 17 analysts. It ranges from a high estimate of $5.98B to a low estimate of $5.92B. As of the current estimate, Halliburton Co.’s year-ago sales were $5.8BFor the next quarter, 17 analysts are estimating revenue of $6.21B. There is a high estimate of $6.28B for the next quarter, whereas the lowest estimate is $6.09B.
A total of 20 analysts have provided revenue estimates for HAL’s current fiscal year. The highest revenue estimate was $24.5B, while the lowest revenue estimate was $23.87B, resulting in an average revenue estimate of $24.33B. In the same quarter a year ago, actual revenue was $23.02BBased on 20 analysts’ estimates, the company’s revenue will be $26.17B in the next fiscal year. The high estimate is $26.8B and the low estimate is $25.23B.
