Halliburton Co. (NYSE:HAL) shares traded -0.53% lower at $37.36 on Wall Street last session.
HAL stock price is now -2.42% away from the 50-day moving average and -1.90% away from the 200-day moving average. The market capitalization of the company currently stands at $33.07B.
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With the price target enhanced from $47 to $48, TD Cowen maintained Buy rating for Halliburton Co. (NYSE: HAL). On January 24, 2024, TD Cowen reiterated its ‘Outperform’ rating on the stock by increasing its target price from $49 to quote $51, while ‘CapitalOne’ rates the stock as ‘Overweight’
In other news, Slocum Jeffrey Shannon, President – Eastern Hemisphere sold 38,941 shares of the company’s stock on May 07 ’24. The stock was sold for $1,437,702 at an average price of $36.92. Upon completion of the transaction, the President – Eastern Hemisphere now directly owns 130,783 shares in the company, valued at $4.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 07 ’24, Senior Vice Pres – Tax Jones Myrtle L sold 25,479 shares of the business’s stock. A total of $940,685 was realized by selling the stock at an average price of $36.92. This leaves the insider owning 38,620 shares of the company worth $1.44 million. A total of 0.42% of the company’s stock is owned by insiders.
During the past 12 months, Halliburton Co. has had a low of $27.84 and a high of $43.85. As of last week, the company has a debt-to-equity ratio of 0.91, a current ratio of 2.12, and a quick ratio of 1.52.
According to the Oil & Gas Equipment & Services Company, earnings per share came in at 0.77, beating analysts’ expectations of 0.75 by 0.02. This compares to $0.72 EPS in the same period last year. The net profit margin was 11.20% and return on equity was 28.73% for HAL. The company reported revenue of $5.8 billion for the quarter, compared to $5.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.24 percent. For the current quarter, analysts expect HAL to generate $5.96B in revenue.
