Free Trial

Halliburton (HAL) Stock Price, News & Analysis

$31.09
+0.36 (+1.17%)
(As of 10/4/2024 ET)

About Halliburton Stock (NYSE:HAL)

Key Stats

Today's Range
$30.70
$31.29
50-Day Range
$27.81
$34.68
52-Week Range
$27.52
$43.85
Volume
9.16 million shs
Average Volume
7.92 million shs
Market Capitalization
$27.52 billion
P/E Ratio
10.76
Dividend Yield
2.19%
Price Target
$42.56
Consensus Rating
Moderate Buy

Company Overview

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.

Halliburton Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
100th Percentile Overall Score

HAL MarketRank™: 

Halliburton scored higher than 100% of companies evaluated by MarketBeat, and ranked 4th out of 258 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Halliburton has received a consensus rating of Moderate Buy. The company's average rating score is 2.95, and is based on 16 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Halliburton has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Halliburton's stock forecast and price target.
  • Earnings Growth

    Earnings for Halliburton are expected to grow by 12.74% in the coming year, from $3.14 to $3.54 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Halliburton is 10.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.99.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Halliburton is 10.76, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.05.

  • Price to Earnings Growth Ratio

    Halliburton has a PEG Ratio of 1.02. PEG Ratios around 1 indicate that a company is correctly valued.

  • Price to Book Value per Share Ratio

    Halliburton has a P/B Ratio of 2.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Halliburton's valuation and earnings.
  • Percentage of Shares Shorted

    2.86% of the float of Halliburton has been sold short.
  • Short Interest Ratio / Days to Cover

    Halliburton has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Halliburton has recently decreased by 0.44%, indicating that investor sentiment is improving.
  • Dividend Yield

    Halliburton pays a meaningful dividend of 2.45%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Halliburton does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Halliburton is 23.53%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Halliburton will have a dividend payout ratio of 19.21% next year. This indicates that Halliburton will be able to sustain or increase its dividend.

  • Read more about Halliburton's dividend.
  • Percentage of Shares Shorted

    2.86% of the float of Halliburton has been sold short.
  • Short Interest Ratio / Days to Cover

    Halliburton has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Halliburton has recently decreased by 0.44%, indicating that investor sentiment is improving.
  • News Sentiment

    Halliburton has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 18 news articles for Halliburton this week, compared to 13 articles on an average week.
  • Search Interest

    68 people have searched for HAL on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.
  • MarketBeat Follows

    Only 12 people have added Halliburton to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Halliburton insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $367,500.00 in company stock.

  • Percentage Held by Insiders

    Only 0.61% of the stock of Halliburton is held by insiders.

  • Percentage Held by Institutions

    85.23% of the stock of Halliburton is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Halliburton's insider trading history.
Receive HAL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Halliburton and its competitors with MarketBeat's FREE daily newsletter.

HAL Stock News Headlines

Construction worker use engineering equipment joint connection steel piping work in new construction site
Is Halliburton Stock a Good Buy at Current Levels?
Halliburton's stock decline, a cybersecurity incident, and energy market volatility present a complex investment scenario for investors.
“A very dark day is coming to America”
Wall Street Legend on Economy: "If you knew what I know, you'd be terrified too." Something huge is headed to America's shores – and it scares the hell out of Wall St. legend Louis Navellier. When it makes landfall, its impact will be more violent and more severe than any financial crisis we've ever seen… "No matter how prepared you think you are, you aren't prepared enough," he warns.
Brokers Set Expectations for Halliburton's FY2024 Earnings (NYSE:HAL)
See More Headlines

HAL Stock Analysis - Frequently Asked Questions

Halliburton's stock was trading at $36.15 at the start of the year. Since then, HAL stock has decreased by 14.0% and is now trading at $31.09.
View the best growth stocks for 2024 here
.

Halliburton (NYSE:HAL) issued its quarterly earnings results on Friday, July, 19th. The oilfield services company reported $0.80 earnings per share for the quarter, hitting analysts' consensus estimates of $0.80. The business's revenue for the quarter was up .6% compared to the same quarter last year.
Read the conference call transcript
.

Halliburton subsidiaries include these companies: Summit ESP, Intelligent Well Controls, Red Spider, Multi-Chem Group, SensorTran, Permedia Research Group, Pinnacle Technologies Inc., and others.

Halliburton's top institutional shareholders include Park National Corp OH (0.03%), SG Americas Securities LLC, Czech National Bank (0.02%) and HBW Advisory Services LLC. Insiders that own company stock include Jeffrey Allen Miller, Joe D Rainey, Van H Beckwith, Lawrence J Pope, Mark Richard, Lance Loeffler, Jeffrey Shannon Slocum, Eric Carre, Timothy Mckeon, Charles Jr Geer, Myrtle L Jones, Jill D Sharp and Margaret Katherine Banks.
View institutional ownership trends
.

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.

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

Company Calendar

Last Earnings
7/19/2024
Ex-Dividend for 9/25 Dividend
9/04/2024
Dividend Payable
9/25/2024
Today
10/05/2024
Next Earnings (Confirmed)
11/07/2024
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
$42.56
High Stock Price Target
$48.00
Low Stock Price Target
$35.00
Potential Upside/Downside
+36.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.95
Research Coverage
19 Analysts

Profitability

Net Income
$2.64 billion
Pretax Margin
14.92%

Debt

Sales & Book Value

Annual Sales
$23.18 billion
Cash Flow
$4.46 per share
Book Value
$10.60 per share

Miscellaneous

Free Float
879,901,000
Market Cap
$27.52 billion
Optionable
Optionable
Beta
1.89

Social Links

Beginners Guide To Retirement Stocks Cover

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

This page (NYSE:HAL) was last updated on 10/5/2024 by MarketBeat.com Staff
From Our Partners