Taking on analysts’ expectations and winning: Halliburton Co. (HAL)

With 7.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.34 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $35.14 whereas the lowest price it dropped to was $34.33. The 52-week range on HAL shows that it touched its highest point at $43.85 and its lowest point at $27.84 during that stretch. It currently has a 1-year price target of $47.25. With its current market cap of 31.09 billion, HAL has annualized dividend of $0.68 while the current yield stands at 1.97%. Beta for the stock currently stands at 2.03.

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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 down-trending over the past week, with a drop of -2.55%, but this was down by -1.33% over a month. Three-month performance dropped to -12.10% while six-month performance fell -12.67%. The stock lost -9.32% in the past year, while it has lost -3.90% so far this year. A look at the trailing 12-month EPS for HAL yields 2.92 with Next year EPS estimates of 3.92. For the next quarter, that number is 0.75. This implies an EPS growth rate of 8.64% for this year and 15.39% for next year. EPS is expected to grow by 14.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.14%.

Float and Shares Shorts:

At present, 895.05 million HAL shares are outstanding with a float of 891.56 million shares on hand for trading. On Jan 11, 2024, short shares totaled 21.19 million, which was 2.37% higher than short shares on Dec 14, 2023. In addition to Mr. Jeffrey Allen Miller as the firm’s President, CEO & Chairman, Mr. Eric J. Carre serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 85.73% of HAL’s outstanding shares, institutional investors have majority control over the company.

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 $54.00 and a low target of $32.00, the average target price over the next 12 months is $47.25. Based on these targets, HAL could surge 55.44% to reach the target high and fall by -7.89% to reach the target low. Reaching the average price target will result in a growth of 36.01% from current levels.

Summary of Insider Activity:

Insiders traded HAL stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 2,030 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 29 over the past year. The total number of shares bought during that period was 1,105,058 while 975,394 shares were sold.