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MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
MarketBeat Week in Review – 11/27 - 12/1
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Mega merger in the works? Humana, Cigna explore big deal
Teen girls are being victimized by deepfake nudes. One family is pushing for more protections
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
US joins in other nations in swearing off coal power to clean the climate
US targets oil and natural gas industry's role in global warming with new rule on methane emissions
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"
BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

Halliburton Stock Price, News & Analysis (NYSE:HAL)

$37.71
+0.68 (+1.84%)
(As of 12/1/2023 ET)
Compare
Today's Range
$36.81
$38.16
50-Day Range
$37.02
$43.26
52-Week Range
$27.84
$43.85
Volume
6.67 million shs
Average Volume
5.69 million shs
Market Capitalization
$33.75 billion
P/E Ratio
12.96
Dividend Yield
1.70%
Price Target
$49.00

Halliburton MarketRank™ Stock Analysis

Analyst Rating
Buy
3.07 Rating Score
Upside/​Downside
29.9% Upside
$49.00 Price Target
Short Interest
Healthy
1.67% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.65
Upright™ Environmental Score
News Sentiment
0.88mentions of Halliburton in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$2.57 M Sold Last Quarter
Proj. Earnings Growth
13.36%
From $3.07 to $3.48 Per Share

Overall MarketRank

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

3.38 out of 5 stars

Oils/Energy Sector

4th out of 233 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

3rd out of 17 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

Halliburton: Dividend Insights
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Beth Halliburton
Halliburton (NYSE:HAL) Stock Rating Upgraded by StockNews.com
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Here's How Much Halliburton Could Slip in the Weeks Ahead
Halliburton: Buy Rating On Rising U.S. Oil Production
How To Sell Stocks: Scaling Out Of Losers In Phases
Jennifer Halliburton
Jim Cramer’s 14 Best of Breed Stocks
See More Headlines
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Company Calendar

Ex-Dividend for 9/27 Dividend
9/05/2023
Dividend Payable
9/27/2023
Last Earnings
10/24/2023
Today
12/02/2023
Ex-Dividend for 12/27 Dividend
12/06/2023
Dividend Payable
12/27/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/23/2024

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 Target
$49.00
High Stock Price Target
$56.00
Low Stock Price Target
$41.00
Potential Upside/Downside
+29.9%
Consensus Rating
Buy
Rating Score (0-4)
3.07
Research Coverage
14 Analysts

Profitability

Net Income
$1.57 billion
Pretax Margin
14.74%

Debt

Sales & Book Value

Annual Sales
$20.30 billion
Cash Flow
$3.25 per share
Book Value
$10.27 per share

Miscellaneous

Free Float
889,682,000
Market Cap
$33.75 billion
Optionable
Optionable
Beta
2.02

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Should I Buy Halliburton Stock? HAL Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Halliburton was last updated on Tuesday, November 28, 2023 at 10:12 AM.

Pros

Here are some ways that investors could benefit from investing in Halliburton:

  • Strong presence in the energy industry worldwide, providing products and services to support the sector's operations.
  • Diversified business segments, including Completion and Production, and Drilling and Evaluation, offering a wide range of services and solutions.
  • Continued focus on innovation and technology, with cloud-based digital services and artificial intelligence solutions for subsurface insights and integrated well construction.
  • Recent developments in production enhancement services, such as stimulation and sand control services, cementing services, and completion tools, providing comprehensive solutions for well completion and production.
  • Opportunities in pipeline and process services, including pre-commissioning, commissioning, maintenance, and decommissioning, supporting the infrastructure needs of the energy industry.

Cons

Investors should be bearish about investing in Halliburton for these reasons:

  • Volatility in the oil and gas industry, which can impact the demand for Halliburton's products and services.
  • Dependence on the overall health of the energy industry, which can be influenced by factors such as geopolitical tensions, regulatory changes, and environmental concerns.
  • Competition from other oil and gas equipment and services companies, which may affect market share and pricing power.
  • Potential risks associated with project management and integrated asset management services, including cost overruns and delays.
  • Fluctuations in oil prices, which can impact exploration and production activities and, in turn, the demand for Halliburton's services.














HAL Stock Analysis - Frequently Asked Questions

Should I buy or sell Halliburton stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Halliburton in the last twelve months. There are currently 13 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 target for 2024?

14 analysts have issued 1 year target prices for Halliburton's shares. Their HAL share price targets range from $41.00 to $56.00. On average, they expect the company's stock price to reach $49.00 in the next twelve months. This suggests a possible upside of 29.9% 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 2023. Since then, HAL stock has decreased by 4.2% and is now trading at $37.71.
View the best growth stocks for 2023 here
.

Are investors shorting Halliburton?

Halliburton saw a decrease in short interest in the month of October. As of October 31st, there was short interest totaling 14,210,000 shares, a decrease of 14.0% from the October 15th total of 16,530,000 shares. Based on an average daily volume of 6,720,000 shares, the short-interest ratio is currently 2.1 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, January 23rd 2024.
View our HAL earnings forecast
.

How were Halliburton's earnings last quarter?

Halliburton (NYSE:HAL) posted its earnings results on Tuesday, October, 24th. The oilfield services company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.02. The oilfield services company earned $5.80 billion during the quarter, compared to analysts' expectations of $5.85 billion. Halliburton had a trailing twelve-month return on equity of 31.61% and a net margin of 11.52%. The company's quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS.
Read the conference call transcript
.

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

Halliburton announced a quarterly dividend on Friday, November 17th. Shareholders of record on Thursday, December 7th will be given a dividend of $0.16 per share on Wednesday, December 27th. This represents a $0.64 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, December 6th.
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 1.73%. 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 21.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HAL will have a dividend payout ratio of 18.39% 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 retail and institutional investors. Top institutional shareholders include Sanders Capital LLC (2.54%), Boston Partners (2.42%), FMR LLC (1.97%), Morgan Stanley (1.64%), Northern Trust Corp (1.03%) and Bank of New York Mellon Corp (0.99%). Insiders that own company stock include Charles Jr Geer, Eric Carre, Jeffrey Allen Miller, Jill D Sharp, Joe D Rainey, Lance Loeffler, Lawrence J Pope, Margaret Katherine Banks, Mark Richard, Murry Gerber, Myrtle L Jones, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/2/2023 by MarketBeat.com Staff

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