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Halliburton - HAL Stock Forecast, Price & News

$30.69
+0.74 (+2.47%)
(As of 03/20/2023 12:00 AM ET)
Add
Compare
Today's Range
$30.06
$31.13
50-Day Range
$29.95
$42.66
52-Week Range
$23.30
$43.99
Volume
12.22 million shs
Average Volume
9.32 million shs
Market Capitalization
$27.75 billion
P/E Ratio
17.74
Dividend Yield
2.09%
Price Target
$48.67

Halliburton MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
58.6% Upside
$48.67 Price Target
Short Interest
Healthy
2.55% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.65
Upright™ Environmental Score
News Sentiment
0.56mentions of Halliburton in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$1.76 M Sold Last Quarter
Proj. Earnings Growth
21.68%
From $3.09 to $3.76 Per Share

Overall MarketRank

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

3.31 out of 5 stars

Oils/Energy Sector

9th out of 243 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

2nd out of 20 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.

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HAL Stock News Headlines

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The energy boom is back, and oil-and-gas industry supplier NOV is capitalizing on the uptrend. The stock's January performance outpaced the broader industry.
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Halliburton (NYSE:HAL) Stock Price Down 8.7%
11 Best Crude Oil Stocks To Buy As Tensions Rise
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Halliburton Appoints New Eastern Hemisphere President
11 High Growth Energy Stocks To Buy
4 hot insider trades: Halliburton, Cimpress | Pro Recap
See More Headlines
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HAL Company Calendar

Ex-Dividend for 12/21 Dividend
12/07/2022
Dividend Payable
12/21/2022
Last Earnings
1/24/2023
Ex-Dividend for 3/29 Dividend
2/28/2023
Today
3/20/2023
Dividend Payable
3/29/2023
Next Earnings (Confirmed)
4/25/2023
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
$48.67
High Stock Price Forecast
$58.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+58.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
15 Analysts

Profitability

Net Income
$1.57 billion
Pretax Margin
10.40%

Debt

Sales & Book Value

Annual Sales
$20.30 billion
Cash Flow
$3.26 per share
Book Value
$8.78 per share

Miscellaneous

Free Float
898,967,000
Market Cap
$27.71 billion
Optionable
Optionable
Beta
2.12

Social Links


Key Executives

  • Jeffrey Allen MillerJeffrey Allen Miller
    Chairman, President & Chief Executive Officer
  • Eric T. CarréEric T. Carré
    Chief Financial Officer & Executive Vice President
  • Van H. Beckwith
    Secretary, Chief Legal Officer & Executive VP
  • Tim McKeon
    Treasurer & Senior Vice President
  • Charles E. Geer
    Chief Accounting Officer & Senior Vice President













HAL Stock - Frequently Asked Questions

Should I buy or sell Halliburton stock right now?

15 Wall Street 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 research 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 Wall Street analysts have issued 1 year price objectives for Halliburton's stock. Their HAL share price forecasts range from $32.00 to $58.00. On average, they anticipate the company's share price to reach $48.67 in the next twelve months. This suggests a possible upside of 58.6% 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 decreased by 22.0% and is now trading at $30.69.
View the best growth stocks for 2023 here
.

Are investors shorting Halliburton?

Halliburton saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 23,080,000 shares, an increase of 5.5% from the February 13th total of 21,870,000 shares. Based on an average daily volume of 8,760,000 shares, the short-interest ratio is currently 2.6 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, April 25th 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, April 25th 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 Tuesday, January, 24th. The oilfield services company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.05. The oilfield services company earned $5.58 billion during the quarter, compared to analysts' expectations of $5.59 billion. Halliburton had a trailing twelve-month return on equity of 26.25% and a net margin of 7.74%. Halliburton's quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 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 Tuesday, January 24th. Investors of record on Wednesday, March 1st will be paid a dividend of $0.16 per share on Wednesday, March 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, February 28th. This is a boost from the stock's previous quarterly dividend of $0.12.
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 2.14%. 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 36.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HAL will have a dividend payout ratio of 17.02% 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."

Who are Halliburton's major shareholders?

Halliburton's stock is owned by a number of retail and institutional investors. Top institutional investors include Sanders Capital LLC (2.33%), Geode Capital Management LLC (2.04%), Morgan Stanley (1.90%), DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (1.76%), Boston Partners (1.37%) and Norges Bank (1.29%). 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.

What is Halliburton's stock price today?

One share of HAL stock can currently be purchased for approximately $30.69.

How much money does Halliburton make?

Halliburton (NYSE:HAL) has a market capitalization of $27.75 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 $1.73 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 3/20/2023 by MarketBeat.com Staff