Adversity is less terrifying than hope: Halliburton Company (HAL)

Halliburton Company (NYSE: HAL) stock jumped 0.78% on Wednesday to $30.82 against a previous-day closing price of $30.58. With 11.4 million shares changed hands, the volume of the stock remained heavier than its average volume of 9.63 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $31.29 whereas the lowest price it dropped to was $30.53. The 52-week range on HAL shows that it touched its highest point at $43.99 and its lowest point at $23.30 during that stretch. It currently has a 1-year price target of $48.08. With its current market cap of 27.53 billion, HAL has annualized dividend of $0.64 while the current yield stands at 2.08%. Beta for the stock currently stands at 2.14.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HAL was up-trending over the past week, with a rise of 6.50%, but this was down by -7.31% over a month. Three-month performance dropped to -14.93% while six-month performance fell -14.70%. The stock lost -19.59% in the past year, while it has lost -21.68% so far this year. A look at the trailing 12-month EPS for HAL yields 2.16 with Next year EPS estimates of 3.69. For the next quarter, that number is 0.76. This implies an EPS growth rate of 6.00% for this year and 18.00% for next year. EPS is expected to grow by 33.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 35.80%.

Float and Shares Shorts:

At present, 904.00 million HAL shares are outstanding with a float of 901.01 million shares on hand for trading. On May 14, 2023, short shares totaled 29.21 million, which was 3.24% higher than short shares on Apr 13, 2023. In addition to Mr. Jeffrey Allen Miller as the firm’s Pres, CEO & Chairman, Mr. Eric J. Carre serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 85.34% of HAL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 7.45% of HAL, in contrast to 54.92% held by mutual funds. Shares owned by individuals account for 33.25%. As the largest shareholder in HAL with 10.71% of the stake, The Vanguard Group, Inc. holds 96,651,158 shares worth 96,651,158. A second-largest stockholder of HAL, Capital Research & Management Co, holds 92,475,519 shares, controlling over 10.25% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in HAL, holding 59,277,497 shares or 6.57% stake. With a 3.23% stake in HAL, the American Balanced Fund is the largest stakeholder. A total of 29,136,350 shares are owned by the mutual fund manager. The American Funds Growth Fund of Ame, which owns about 2.84% of HAL stock, is the second-largest Mutual Fund holder. It holds 25,646,179 shares valued at 839.91 million. Vanguard Total Stock Market ETF holds 2.81% of the stake in HAL, owning 25,304,754 shares worth 828.73 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, HAL reported revenue of $5.07B and operating income of $718.00M. The EBITDA in the recently reported quarter was $570.00M and diluted EPS was $0.12.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HAL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HAL analysts setting a high price target of $58.00 and a low target of $40.00, the average target price over the next 12 months is $48.57. Based on these targets, HAL could surge 88.19% to reach the target high and rise by 29.79% to reach the target low. Reaching the average price target will result in a growth of 57.59% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded HAL stock several times over the past three months with 11 Buys and 8 Sells. In these transactions, 1,050,832 shares were bought while 408,035 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 72 over the past year. The total number of shares bought during that period was 1,303,906 while 849,424 shares were sold.

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