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Halliburton (HAL) Stock Forecast, Price & News

$40.50
-1.29 (-3.09%)
(As of 04:00 PM ET)
Compare
Today's Range
$40.19
$41.72
50-Day Range
$36.93
$42.64
52-Week Range
$23.99
$43.42
Volume
8.19 million shs
Average Volume
8.83 million shs
Market Capitalization
$36.39 billion
P/E Ratio
14.89
Dividend Yield
1.58%
Price Target
$48.21

Halliburton MarketRank™ Forecast

Analyst Rating
Buy
3.07 Rating Score
Upside/​Downside
19.4% Upside
$48.21 Price Target
Short Interest
Healthy
2.33% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.65
Upright™ Environmental Score
News Sentiment
0.49mentions of Halliburton in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$9.28 M Sold Last Quarter
Proj. Earnings Growth
14.14%
From $3.04 to $3.47 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.02 out of 5 stars

Oils/Energy Sector

18th out of 248 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

2nd out of 19 stocks


HAL stock logo

About Halliburton (NYSE:HAL) Stock

Halliburton Company is a multinational corporation that provides various services and products to the energy industry. Founded in 1919 and headquartered in Houston, Texas, the company operates in over 80 countries, with its primary business lines including drilling and evaluation, completion and production, hydraulic fracturing and other services. The company's customers include major oil and gas companies and independent operators in the energy industry.

Halliburton has achieved several key milestones over the years, including being the first company to log a well in the Gulf of Mexico and the first to perform hydraulic fracturing in the Permian Basin.

Halliburton's current CEO and Chairman of the Board is Jeff Miller, who has been with the company for over 30 years, having served as the president and chief operating officer. In 2020, Halliburton announced that it was changing its executive leadership team, adding several new members, including Mark Richard, the President of the Western Hemisphere.

In recent years, Halliburton's financial performance has been impacted by the oil and gas industry downturn, which has resulted in lower demand for its services and products. Halliburton's profit margins have also been affected by the downturn. However, despite this downturn, Halliburton has been beating earnings-per-share and revenue expectations in most quarters. Halliburton's valuation metrics suggest the company might be slightly undervalued compared to its peers. 

Halliburton's stock performance has been impacted by the downturn in the energy industry, with the company's share price declining by 46% in 2020. However, the company's stock price has rebounded, with the share price increasing from 2020 - 2022. Halliburton's trading volume has also decreased in recent months, averaging a daily trading volume of 8 million shares. 

The energy industry has faced several challenges recently, including declining oil prices, increased regulatory scrutiny and growing concerns over climate change. These challenges have impacted the industry's profitability and have led to increased competition among industry players. Halliburton's primary competitors in the energy services industry include Schlumberger, Baker Hughes and National Oilwell Varco. The company has been focused on improving its competitive position by investing in new technologies and expanding its global footprint.

Despite the challenges facing the energy industry, Halliburton has several growth opportunities that it is pursuing. One of the company's key growth drivers is the development of new technologies that can improve the efficiency and productivity of the energy industry. Halliburton has invested heavily in digitalization, automation and artificial intelligence to improve its services and products. The company is also focused on expanding its global footprint, particularly in emerging markets such as China and India.

Halliburton faces several risks and challenges in the current business environment. One of the most significant challenges facing the company is the volatility of oil prices, which can substantially impact the demand for its services and products. In addition, the industry is facing increasing regulatory scrutiny, particularly around issues such as climate change and environmental impact. This could result in increased costs and regulatory compliance requirements for the company.

Another challenge for Halliburton is the increasing competition in the industry. The company's primary competitors are investing heavily in research and development and expanding their global footprint, which could impact Halliburton's market share and profitability. Furthermore, the ongoing geopolitical tensions and trade disputes could also impact the company's operations, particularly in emerging markets.

HAL Price History

HAL Stock News Headlines

Energy Stock Halliburton Rides Oil Wave Toward Buy Point
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
3 Large-Cap Stocks to Buy Now During the September Pullback
Halliburton (HAL) Stock Moves -1.28%: What You Should Know
Massive Insider Trade At Halliburton
Halliburton (HAL) Stock Moves -0.34%: What You Should Know
Halliburton (HAL) Faces Questions Over Trade With Russia
Halliburton Third Quarter 2023 Earnings Conference Call
See More Headlines
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HAL Company Calendar

Last Earnings
7/19/2023
Ex-Dividend for 9/27 Dividend
9/05/2023
Dividend Payable
9/27/2023
Today
9/29/2023
Next Earnings (Confirmed)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
40621610
Employees
45,000
Year Founded
1919

Price Target and Rating

Average Stock Price Forecast
$48.21
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+18.9%
Consensus Rating
Buy
Rating Score (0-4)
3.07
Research Coverage
15 Analysts

Profitability

Net Income
$1.57 billion
Pretax Margin
14.09%

Debt

Sales & Book Value

Annual Sales
$20.30 billion
Cash Flow
$3.08 per share
Book Value
$8.78 per share

Miscellaneous

Free Float
893,155,000
Market Cap
$36.44 billion
Optionable
Optionable
Beta
2.18

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Key Executives

  • Mr. Jeffrey Allen MillerMr. Jeffrey Allen Miller (Age 59)
    Pres, CEO & Chairman
    Comp: $16.16M
  • Mr. Eric J. CarreMr. Eric J. Carre (Age 56)
    Exec. VP & CFO
    Comp: $5.05M
  • Mr. Lawrence J. PopeMr. Lawrence J. Pope (Age 55)
    Exec. VP of Admin. & Chief HR Officer
    Comp: $4.73M
  • Mr. Joe D. RaineyMr. Joe D. Rainey (Age 66)
    Exec. Officer
    Comp: $7.21M
  • Mr. Lance T. LoefflerMr. Lance T. Loeffler (Age 45)
    Sr. VP of Middle East North Africa (MENA) Region
    Comp: $5.5M
  • Mr. Mark J. RichardMr. Mark J. Richard (Age 61)
    Pres of Western Hemisphere
    Comp: $6.44M
  • Mr. Charles E. Geer Jr. (Age 53)
    Sr. VP & Chief Accounting Officer
  • Mr. David Coleman
    Sr. Director of Investor Relations
  • Mr. Van H. BeckwithMr. Van H. Beckwith (Age 57)
    Exec. VP, Sec. & Chief Legal Officer
  • Ms. Myrtle L. JonesMs. Myrtle L. Jones (Age 63)
    Sr. VP of Tax













HAL Stock - Frequently Asked Questions

Should I buy or sell Halliburton stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Halliburton in the last year. There are currently 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" HAL shares.
View HAL analyst ratings
or view top-rated stocks.

What is Halliburton's stock price forecast for 2023?

15 brokers have issued 12-month price objectives for Halliburton's shares. Their HAL share price forecasts range from $40.00 to $56.00. On average, they predict the company's stock price to reach $48.21 in the next year. This suggests a possible upside of 18.9% from the stock's current price.
View analysts price targets for HAL
or view top-rated stocks among Wall Street analysts.

How have HAL shares performed in 2023?

Halliburton's stock was trading at $39.35 at the beginning of the year. Since then, HAL stock has increased by 3.0% and is now trading at $40.55.
View the best growth stocks for 2023 here
.

Are investors shorting Halliburton?

Halliburton saw a decrease in short interest in September. As of September 15th, there was short interest totaling 20,900,000 shares, a decrease of 6.5% from the August 31st total of 22,350,000 shares. Based on an average daily volume of 7,580,000 shares, the short-interest ratio is presently 2.8 days.
View Halliburton's Short Interest
.

When is Halliburton's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our HAL earnings forecast
.

How can I listen to Halliburton's earnings call?

Halliburton will be holding an earnings conference call on Tuesday, October 24th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Halliburton's earnings last quarter?

Halliburton (NYSE:HAL) issued its earnings results on Wednesday, July, 19th. The oilfield services company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The oilfield services company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.85 billion. Halliburton had a trailing twelve-month return on equity of 31.01% and a net margin of 10.98%. The firm's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share.
Read the conference call transcript
.

How often does Halliburton pay dividends? What is the dividend yield for Halliburton?

Halliburton announced a quarterly dividend on Monday, August 21st. Investors of record on Wednesday, September 6th will be given a dividend of $0.16 per share on Wednesday, September 27th. This represents a $0.64 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Tuesday, September 5th.
Read our dividend analysis for HAL
.

Is Halliburton a good dividend stock?

Halliburton (NYSE:HAL) pays an annual dividend of $0.64 per share and currently has a dividend yield of 1.52%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 23.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HAL will have a dividend payout ratio of 18.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HAL.

What is Jeff Miller's approval rating as Halliburton's CEO?

651 employees have rated Halliburton Chief Executive Officer Jeff Miller on Glassdoor.com. Jeff Miller has an approval rating of 63% among the company's employees. This puts Jeff Miller in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Halliburton own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Halliburton investors own include Schlumberger (SLB), Intel (INTC), Bank of America (BAC), AT&T (T), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), General Electric (GE), NVIDIA (NVDA), Boeing (BA) and Walt Disney (DIS).

What is Halliburton's stock symbol?

Halliburton trades on the New York Stock Exchange (NYSE) under the ticker symbol "HAL."

How do I buy shares of Halliburton?

Shares of HAL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Halliburton's stock price today?

One share of HAL stock can currently be purchased for approximately $40.55.

How much money does Halliburton make?

Halliburton (NYSE:HAL) has a market capitalization of $36.44 billion and generates $20.30 billion in revenue each year. The oilfield services company earns $1.57 billion in net income (profit) each year or $2.72 on an earnings per share basis.

How many employees does Halliburton have?

The company employs 45,000 workers across the globe.

Does Halliburton have any subsidiaries?
The following companies are subsidiares of Halliburton: Dunlavy Financial Services B.V., Easy Well Solutions, Geophysical Services Inc., Halliburton B.V., Halliburton Curacao Holdings BV, Halliburton Global Affiliates Holdings B.V., Halliburton Global Holdings B.V., Halliburton Global Holdings LLC, Halliburton Global Netherlands Cooperatief U.A., Halliburton Group Technologies Inc., Halliburton Holdings LLC, Halliburton Netherlands Holdings B.V., Halliburton Offshore Technologies Inc., Halliburton Swiss Holdings GmbH, Halliburton Technology Partners LLC, Halliburton U.S. International Holdings Inc., Halliburton U.S. Technologies Inc, Intelligent Well Controls, Knowledge Systems Inc., Landmark Graphics, Landmark Solutions, Magic Earth, Multi-Chem Group, PSL Energy Services, Permedia Research Group, Pinnacle Technologies Inc., Protech Centerform, Red Spider, SensorTran, Summit ESP, Ultraline Services Corp., and WellDynamics.
Read More
How can I contact Halliburton?

Halliburton's mailing address is 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX, 77032. The official website for the company is www.halliburton.com. The oilfield services company can be reached via phone at (281) 871-2699, via email at investors@halliburton.com, or via fax at 713-759-2635.

This page (NYSE:HAL) was last updated on 9/29/2023 by MarketBeat.com Staff

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