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Halliburton (HAL) Stock Price, News & Analysis

$35.81
-0.71 (-1.94%)
(As of 05/29/2024 ET)
Today's Range
$35.78
$36.46
50-Day Range
$35.98
$41.25
52-Week Range
$28.43
$43.85
Volume
6.27 million shs
Average Volume
6.71 million shs
Market Capitalization
$31.70 billion
P/E Ratio
12.39
Dividend Yield
1.90%
Price Target
$48.59

Halliburton MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
35.7% Upside
$48.59 Price Target
Short Interest
Bearish
2.80% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.65
Upright™ Environmental Score
News Sentiment
0.28mentions of Halliburton in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$15.42 M Sold Last Quarter
Proj. Earnings Growth
17.99%
From $3.39 to $4.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.96 out of 5 stars

Oils/Energy Sector

2nd out of 238 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

2nd out of 19 stocks

HAL stock logo

About Halliburton Stock (NYSE:HAL)

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 Stock Price History

HAL Stock News Headlines

3 Trend-Following Entries for Income Investors
The oilfield services industry is in a supercycle that has yet to play out. However, the Q1 results aligned with expectations and failed to spur individual names to new highs.
3 Trend-Following Entries for Income Investors (HAL)
Energy is a hot market, and oilfield services are among the best long-term plays for value-conscious income investors with a buy-and-hold approach.
Halliburton (NYSE:HAL) Stock Price Down 0.3%
Why Halliburton Dipped More Than Broader Market Today
Halliburton declares $0.17 dividend
See More Headlines
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Company Calendar

Ex-Dividend for 3/27 Dividend
3/05/2024
Dividend Payable
3/27/2024
Last Earnings
4/23/2024
Today
5/29/2024
Ex-Dividend for 6/26 Dividend
6/05/2024
Dividend Payable
6/26/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
40621610
Employees
48,000
Year Founded
1919

Price Target and Rating

Average Stock Price Target
$48.59
High Stock Price Target
$56.00
Low Stock Price Target
$41.00
Potential Upside/Downside
+34.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
15 Analysts

Profitability

Net Income
$2.64 billion
Pretax Margin
14.35%

Debt

Sales & Book Value

Annual Sales
$23.02 billion
Cash Flow
$4.30 per share
Book Value
$10.94 per share

Miscellaneous

Free Float
879,901,000
Market Cap
$31.95 billion
Optionable
Optionable
Beta
2.01

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HAL Stock Analysis - Frequently Asked Questions

Should I buy or sell Halliburton stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Halliburton in the last twelve months. There are currently 1 hold rating, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HAL shares.
View HAL analyst ratings
or view top-rated stocks.

What is Halliburton's stock price target for 2024?

15 brokerages have issued 12 month target prices for Halliburton's stock. Their HAL share price targets range from $41.00 to $56.00. On average, they predict the company's share price to reach $48.59 in the next twelve months. This suggests a possible upside of 35.7% 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 2024?

Halliburton's stock was trading at $36.15 at the beginning of the year. Since then, HAL stock has decreased by 0.9% and is now trading at $35.81.
View the best growth stocks for 2024 here
.

Are investors shorting Halliburton?

Halliburton saw a increase in short interest in May. As of May 15th, there was short interest totaling 24,660,000 shares, an increase of 9.3% from the April 30th total of 22,570,000 shares. Based on an average trading volume of 5,990,000 shares, the short-interest ratio is presently 4.1 days. Approximately 2.8% of the shares of the company are short sold.
View Halliburton's Short Interest
.

When is Halliburton's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our HAL earnings forecast
.

How were Halliburton's earnings last quarter?

Halliburton (NYSE:HAL) posted its quarterly earnings data on Tuesday, April, 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.02. The oilfield services company earned $5.80 billion during the quarter, compared to the consensus estimate of $5.67 billion. Halliburton had a trailing twelve-month return on equity of 30.84% and a net margin of 11.20%. The firm's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS.
Read the conference call transcript
.

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

Halliburton declared a quarterly dividend on Thursday, May 16th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.17 per share on Wednesday, June 26th. This represents a $0.68 annualized dividend and a yield of 1.90%. The ex-dividend date is Wednesday, June 5th.
Read our dividend analysis for HAL
.

Is Halliburton a good dividend stock?

Halliburton (NYSE:HAL) pays an annual dividend of $0.68 per share and currently has a dividend yield of 1.88%. The company has been increasing its dividend for 4 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 17.00% 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).

Who are Halliburton's major shareholders?

Halliburton's stock is owned by a variety of institutional and retail investors. Top institutional investors include Capital World Investors (13.77%), Vanguard Group Inc. (11.33%), Price T Rowe Associates Inc. MD (6.90%), Boston Partners (1.16%), Capital Research Global Investors (1.14%) and Bank of New York Mellon Corp (0.82%). Insiders that own company stock include Charles Jr Geer, Eric Carre, Jeffrey Allen Miller, Jeffrey Shannon Slocum, Jill D Sharp, Joe D Rainey, Lance Loeffler, Lawrence J Pope, Margaret Katherine Banks, Mark Richard, Murry Gerber, Myrtle L Jones, Timothy Mckeon and Van H Beckwith.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:HAL) was last updated on 5/29/2024 by MarketBeat.com Staff

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