Is Halliburton Co. (HAL) Holding Up Well Over a Long-Time Horizon?

Halliburton Co. [HAL] stock prices are up 1.29% to $39.93 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HAL shares have gain 4.01% over the last week, with a monthly amount glided 13.86%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Halliburton Co. [NYSE: HAL] stock has seen the most recent analyst activity on January 24, 2024, when TD Cowen reiterated its Outperform rating and also boosted its price target to $51 from $49. Previously, CapitalOne started tracking the stock with Overweight rating on June 07, 2023, and set its price target to $41. On April 19, 2023, UBS initiated with a Buy rating and assigned a price target of $49 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $50 on January 19, 2023. Wolfe Research upgraded its rating to a Outperform but $51 remained the price target by the analyst firm on January 12, 2023. Raymond James started tracking with a Strong Buy rating for this stock on December 09, 2022, and assigned it a price target of $53. In a note dated October 26, 2022, Wells Fargo upgraded an Overweight rating on this stock but restated the target price of $52.

The stock price of Halliburton Co. [HAL] has been fluctuating between $27.84 and $43.85 over the past year. Currently, Wall Street analysts expect the stock to reach $37.16 within the next 12 months. Halliburton Co. [NYSE: HAL] shares were valued at $39.93 at the most recent close of the market. An investor can expect a potential drop of -6.94% based on the average HAL price forecast.

Analyzing the HAL fundamentals

The Halliburton Co. [NYSE:HAL] reported sales of 23.02B for trailing twelve months, representing a surge of 2.81%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.3 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.94.

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 39.33 points at the first support level, and at 38.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.29, and for the 2nd resistance point, it is at 40.66.

Ratios To Look Out For

It’s worth pointing out that Halliburton Co. [NYSE:HAL]’s Current Ratio is 2.06. As well, the Quick Ratio is 1.48, while the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 3.78 and price to earnings (TTM) ratio is 13.66.

Transactions by insiders

Recent insider trading involved Banks Margaret Katherine, Director, that happened on Mar 05 ’24 when 5000.0 shares were sold. Director, President & CEO, Miller Jeffrey Allen completed a deal on Mar 04 ’24 to sell 0.38 million shares. Meanwhile, EVP, Secretary and CLO Beckwith Van H. sold 5000.0 shares on Oct 20 ’23.

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