The price of Halliburton Co. (NYSE:HAL) shares last traded on Wall Street fell -1.44% to $29.42.
HAL stock price is now -10.32% away from the 50-day moving average and -17.31% away from the 200-day moving average. The market capitalization of the company currently stands at $25.97B.
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With the price target reduced from $47 to $45, TD Cowen maintained Buy rating for Halliburton Co. (NYSE: HAL). On April 24, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $47 to quote $48, while ‘CapitalOne’ rates the stock as ‘Overweight’
In other news, Beckwith Van H., EVP, Secretary and CLO sold 10,000 shares of the company’s stock on Jul 18 ’24. The stock was sold for $367,500 at an average price of $36.75. Upon completion of the transaction, the EVP, Secretary and CLO now directly owns 273,908 shares in the company, valued at $8.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, SVP & Chief Accounting Officer Geer Charles Jr. sold 3,000 shares of the business’s stock. A total of $114,000 was realized by selling the stock at an average price of $38.00. This leaves the insider owning 97,084 shares of the company worth $2.86 million. A total of 0.43% of the company’s stock is owned by insiders.
During the past 12 months, Halliburton Co. has had a low of $29.78 and a high of $43.85. As of last week, the company has a debt-to-equity ratio of 0.87, a current ratio of 2.13, and a quick ratio of 1.54. According to the stock market information, the enterprise value for the company is $32988430336, which is based on a 9.77 price-to-earnings ratio, a 0.75 price-to-earnings-growth ratio, and a beta of 1.91. The fifty day moving average price for HAL is $32.8062 and a two-hundred day moving average price translates $35.5799 for the stock.
The latest earnings results from Halliburton Co. (NYSE: HAL) was released for 2024-06-30. The net profit margin was 11.61% and return on equity was 28.80% for HAL. The company reported revenue of $5.83 billion for the quarter, compared to $5.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.6 percent.
Halliburton Co.(HAL) Company Profile
Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems. This segment also provides electrical submersible pumps, as well as artificial lift services; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning; and specialty chemicals and services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; drilling systems and services; wireline and perforating services consists of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.
