Halliburton Company (HAL) Shares See 3.19% Rise Over Last Week

At the time of writing, Halliburton Company [HAL] stock is trading at $42.64, up 1.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The HAL shares have gain 3.19% over the last week, with a monthly amount glided 8.58%, and seem to be holding up well over a long-time horizon.

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On 15, September 2023, Halliburton Third Quarter 2023 Earnings Conference Call. In a post published today on Yahoo Finance, Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, October 24, 2023, to discuss its third quarter 2023 financial results. The call will begin at 8:00 a.m. CT (9:00 a.m. ET).

From an analyst’s perspective:

Halliburton Company [NYSE: HAL] stock has seen the most recent analyst activity on June 07, 2023, when CapitalOne initiated its Overweight rating and assigned the stock a price target of $41.

For the past year, the stock price of Halliburton Company fluctuated between $23.30 and $43.42. Currently, Wall Street analysts expect the stock to reach $47.41 within the next 12 months. Halliburton Company [NYSE: HAL] shares were valued at $42.64 at the most recent close of the market. An investor can expect a potential return of 11.19% based on the average HAL price forecast.

Analyzing the HAL fundamentals

According to Halliburton Company [NYSE:HAL], the company’s sales were 5.8 billion in the recent quarter, which represents an 14.30% jump. The company generates $451,044 in revenue per employee, while its income per employee is $34,933. Gross Margin for this corporation currently stands at +16.32% with Operating Margin at +14.80%, Pretax Margin comes in at +10.40%, and Net Margin reading is +7.74%. To continue investigating profitability, this company’s Return on Assets is posted at 6.90, Equity is 21.44, Total Capital is 17.60, and Invested Capital is 9.37. An extended look at the Principal structure reveals enduring liabilities to the total capital of 53.33 and enduring liabilities to assets of 39.06.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.26 points at the first support level, and at 41.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.92, and for the 2nd resistance point, it is at 43.19.

Halliburton Company [HAL] reported earnings per share of $0.77 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.75/share, meaning a difference of $0.02 and a surprise factor of 2.70%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were $0.72 per share as compared to estimates of $0.67 per share, a difference of $0.05 representing a surprise of 7.50%.

Ratios To Look Out For

It is important to note that Halliburton Company [NYSE:HAL] has a current ratio of 2.10. On the other hand, the Quick Ratio is 1.50, and the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 4.47 and the P/E (TTM) ratio is 15.73.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 4 insider purchases totaling 12,674 shares and 8 insider sales totaling 208,919 shares over the past 3 months. Recent insider trading involved Sharp Jill D., SVP Internal Assurance Svcs., that happened on Sep 11 when 15333.0 shares were sold. Senior Vice Pres – Tax, Jones Myrtle L completed a deal on Aug 09 to sell 15000.0 shares. Meanwhile, SVP Internal Assurance Svcs. Sharp Jill D. sold 6653.0 shares on Aug 09.