At the time of writing, Halliburton Co. [HAL] stock is trading at $34.30, up 1.24%. An important factor to consider is whether the stock is rising or falling in short-term value. The HAL shares have gain 2.42% over the last week, with a monthly amount glided 1.54%, 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 July 22, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $45 from $47. Previously, TD Cowen reaffirmed its Buy rating on April 24, 2024, and elevated its price target to $48. On January 24, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $51 on the stock. CapitalOne started tracking the stock assigning a Overweight rating and suggested a price target of $41 on June 07, 2023. UBS initiated its recommendation with a Buy and recommended $49 as its price target on April 19, 2023. The Benchmark Company started tracking with a Buy rating for this stock on January 19, 2023, and assigned it a price target of $50. In a note dated January 12, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $51.
For the past year, the stock price of Halliburton Co. fluctuated between $32.60 and $43.85. Currently, Wall Street analysts expect the stock to reach $38.79 within the next 12 months. Halliburton Co. [NYSE: HAL] shares were valued at $34.30 at the most recent close of the market. An investor can expect a potential return of 13.09% based on the average HAL price forecast.
Analyzing the HAL fundamentals
According to Halliburton Co. [NYSE:HAL], the company’s sales were 23.18B for trailing twelve months, which represents an 0.60% jump. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.28 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 0.79.
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 33.89 points at the first support level, and at 33.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.60, and for the 2nd resistance point, it is at 34.89.
Ratios To Look Out For
It is important to note that Halliburton Co. [NYSE:HAL] has a current ratio of 2.13. On the other hand, the Quick Ratio is 1.54, and the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 3.03 and price to earnings (TTM) ratio is 11.39.
Transactions by insiders
Recent insider trading involved Beckwith Van H., EVP, Secretary and CLO, that happened on Jul 18 ’24 when 10000.0 shares were sold. SVP Internal Assurance Svcs., Sharp Jill D. completed a deal on May 20 ’24 to sell 6933.0 shares. Meanwhile, SVP & Chief Accounting Officer Geer Charles Jr. sold 3000.0 shares on May 20 ’24.
