Halliburton Co. (NYSE:HAL) shares traded -0.54% lower at $27.87 on Wall Street last session.
HAL stock price is now -13.07% away from the 50-day moving average and -20.94% away from the 200-day moving average. The market capitalization of the company currently stands at $24.60B.
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With the price target reduced from $44 to $37, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for Halliburton Co. (NYSE: HAL). On July 22, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $47 to quote $45, while the TD Cowen previously rated the stock as ‘Buy’ on April 24, 2024.
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 $7.63 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 $2.71 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 $27.52 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 $31240431616, which is based on a 9.26 price-to-earnings ratio, a 0.71 price-to-earnings-growth ratio, and a beta of 1.92. The fifty day moving average price for HAL is $31.9406 and a two-hundred day moving average price translates $35.20125 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.
