While Halliburton Co has underperformed by -0.06%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HAL fell by -14.58%, with highs and lows ranging from $41.56 to $27.26, whereas the simple moving average fell by -5.18% in the last 200 days.
On September 13, 2024, RBC Capital Mkts Downgraded Halliburton Co (NYSE: HAL) to Sector Perform. A report published by TD Cowen on July 22, 2024, Reiterated its previous ‘Buy’ rating for HAL. TD Cowen also reiterated HAL shares as ‘Buy’, quoting a target price of $48 on the company’s shares in a report dated April 24, 2024. TD Cowen Reiterated the rating as Outperform on January 24, 2024, but set its price target from $49 to $51. CapitalOne initiated its ‘Overweight’ rating for HAL, as published in its report on June 07, 2023. UBS’s report from April 19, 2023 suggests a price prediction of $49 for HAL shares, giving the stock a ‘Buy’ rating. The Benchmark Company also rated the stock as ‘Buy’.
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Analysis of Halliburton Co (HAL)
With HAL’s current dividend of $0.67 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -1.84%, showing a negative trend in the upcoming months.
Halliburton Co’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 26.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.62, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and HAL has an average volume of 9.97M. On a monthly basis, the volatility of the stock is set at 2.66%, whereas on a weekly basis, it is put at 2.29%, with a loss of -0.03% over the past seven days. Furthermore, long-term investors anticipate a median target price of $37.96, showing growth from the present price of $31.86, which can serve as yet another indication of whether HAL is worth investing in or should be passed over.
How Do You Analyze Halliburton Co Shares?
Oil & Gas Equipment & Services giant Halliburton Co (HAL) is based in the USA and is one of the largest companies in the market. When comparing Halliburton Co shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 11.12, there is a growth in quarterly earnings of -18.35%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.43%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 85.68% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HAL shares are owned by institutional investors to the tune of 85.68% at present.
