At the time of writing, Halliburton Co [HAL] stock is trading at $28.53, up 1.42%. 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 3.67% over the last week, with a monthly amount drifted -8.23%, and not 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 September 13, 2024, when RBC Capital Mkts downgraded its rating to a Sector Perform and also revised its price target to $37 from $44. Previously, TD Cowen reaffirmed its Buy rating on July 22, 2024, and dropped its price target to $45. On April 24, 2024, TD Cowen reiterated its Buy rating and revised its price target to $48 on the stock. TD Cowen reiterated its Outperform rating and increased its price target to $51 on January 24, 2024. CapitalOne initiated its recommendation with a Overweight and recommended $41 as its price target on June 07, 2023. UBS started tracking with a Buy rating for this stock on April 19, 2023, and assigned it a price target of $49. In a note dated January 19, 2023, The Benchmark Company initiated an Buy rating and provided a target price of $50 on this stock.
For the past year, the stock price of Halliburton Co fluctuated between $27.26 and $41.56. Currently, Wall Street analysts expect the stock to reach $39.07 within the next 12 months. Halliburton Co [NYSE: HAL] shares were valued at $28.53 at the most recent close of the market. An investor can expect a potential return of 36.94% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.79.
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 28.20 points at the first support level, and at 27.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.77, and for the 2nd resistance point, it is at 29.00.
Ratios To Look Out For
It is important to note that Halliburton Co [NYSE:HAL] has a current ratio of 2.13. As well, the Quick Ratio is 1.54, while the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 1.09, the price to book ratio is 2.52 and price to earnings (TTM) ratio is 9.48.
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 & Chief Accounting Officer, Geer Charles Jr. completed a deal on May 20 ’24 to sell 3000.0 shares. Meanwhile, SVP Internal Assurance Svcs. Sharp Jill D. sold 6933.0 shares on May 20 ’24.
