Home  »  Finance   »  What Did We Find About Insider Trading At Hallibur...

What Did We Find About Insider Trading At Halliburton Company (NYSE: HAL)?

Halliburton Company (NYSE:HAL) traded at $27.62 at close of the session on Tuesday, 09/20/22, made a downward move of -2.64% on its previous day’s price.

Looking at the stock we see that its previous close was $28.37 and the beta (5Y monthly) reads 2.31 with the day’s price range being $27.22 – $28.14. The company has a trailing 12-month PE ratio of 17.31. In terms of its 52-week price range, HAL has a high of $43.99 and a low of $19.12. The company’s stock has lost about -6.02% over that past 30 days.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored

Halliburton Company has a market cap of $26.12 billion and is expected to release its quarterly earnings report on Apr 19, 2022 – Apr 25, 2022. With its Forward Dividend at 0.48 and a yield of 1.74%, the company’s investors could be anxious for the HAL stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.56, with the EPS growth for the year raised at $2.01 for 2022 and $2.8 for next year. These figures represent 86.10% and 39.30% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.34 billion, with a low of $5.21 billion and a high of $5.68 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $20.2 billion, or 32.10% up from figures reported last year.

There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the HAL stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Based on estimates by 26 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Halliburton Company (HAL) stock as a Hold, while 17 rate it as a Buy. 4 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the HAL stock currently stands at 0.33, and the current price level is -7.69% off its SMA20 and -5.06% from its 50-day simple moving average. The RSI (14) is pointing at 41.51 while the volatility over the past week is 4.02% and jumps to 3.88% over the past one month. The beta value is 2.11, while the average true range (ATR) is currently pointing at 1.29. The average price target for the stock over the next 12 months is $42.88, with the estimates having a low of $32.00 and a high of $53.00. These price ends are -15.86% and -91.89% off the current price level respectively, although investors could be excited at the prospect of a -59.3% if the HAL share price touches on the median price of $44.00.

Let’s briefly compare Halliburton Company (HAL) stock to its peers. We find that current price change of -2.64% and 40.92% over the past 12 months for HAL competes that of ConocoPhillips (COP), which has seen its stock price fall -0.71% in the last trading session and was 99.04% over the last one year. Another of its peers Schlumberger Limited (SLB) has dropped -1.21% previous session, and was 41.28% up over the past year, while Devon Energy Corporation (DVN) was also down -1.18% in the last session, while its price remained in the green at 139.67% over the same period. Halliburton Company has a P/E ratio of 17.31 compared to ConocoPhillips’s 9.23 and Schlumberger Limited’s 21.07. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -1.13% and -1.01%, respectively, at close of the trading.

Coming back to Halliburton Company (NYSE:HAL), we note that the average 3-month trading volume was 10.31 million, while that of the preceding 10-day period stands at 9.08 million. Current shares outstanding are 904.00 million.

The insiders hold 0.30% of the company’s shares while institutions hold 84.30%. The data shows that short shares as of Jul 14, 2022, stood at 18.23 million at a short ratio of 1.42. This represents a 2.01% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 18.92 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 20.77% up in year-to-date price movement.

Leave a Comment

Your email address will not be published.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]