Halliburton Company (NYSE:HAL) recently claimed $27.04B as the price has approached $30.7. There came a -0.55% decline with the closing bell on Friday. The stock remained range bound between $30.04 and $30.78. Trading activity significantly weakened as the volume at ready counter decreased to 11,330,119 shares versus 12,910,890 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 10,871,650 shares. The stock is now 24.29% above against its bear-market low of $24.7 on December 26, 2018. It has retreated -88.47% since it’s 52-week high of $57.86 reached in January. Now the market price is down -41.49% on the year and up 15.5% YTD.
HAL’s 50 day simple moving average (SMA 50) price is $30.8 and its 200-day simple moving average (SMA 200) price is $41.22. The company’s stock currently has a total float of 873.48M shares. Its weekly volatility is hovering around 3.08% and felt 4.07% volatility in price over a month. On the upside, the share price will test short term resistance at around $30.97. On a downside, the stock is likely to find some support, which begins at $30.23. The failure to get near-term support could push it to $29.77.
Separately, it has been reported that multiple insider activity took place at Halliburton Company (HAL). Senior VP, Finance Beaty Anne L. sold 2,548 shares for $54,115 in transaction occurred on 2019/01/09. After making this transaction, the Senior VP, Finance owns a direct stake of 75,115 shares, worth $1,661,331, as per the last closing price. On 2019/01/07 Beaty Anne L., Senior VP, Finance at HAL, dumped 1,300 shares at an average price of $28.5 per share. The selling total is valued at $1,758,465.
Senior VP, Finance, Beaty Anne L. had divested 529 shares for $59,396 through a trade on 2018/12/11. Following this activity, the insider holds 15,759 shares worth $1,823,457 as of recent close. Wall Street’s most bullish Halliburton Company (NYSE:HAL) analysts are predicting the share price to blow past $57 per share during the next 12 months. The current median share price forecast by them is $42, suggesting that the stock could increase 36.81% in that time frame. The average price target of $42.58 calls for a nearly 38.7% increase in the stock price.
It had seen a positive analyst call from Societe Generale, which upgraded the stock from Hold to Buy on December 20. Analysts at BofA/Merrill, maintained the company shares at Buy on December 03 but switched target price from $52 to $48. Analysts at BofA/Merrill, made their first call about the stock on October 18, recommending it is Buy.
When looking at valuations, Halliburton Company (HAL) has a cheap P/E of 28.22x as compared to industry average of 128.83x. Moreover, it trades for 16.62 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.99x price/book and 1.13x price/sales. Compared to others, Halliburton Company is in a different league with regards to profitability, having net margins of 0.7%. To put some perspective around this, the industry’s average net margin is -3.27%. HAL’s ROE is 1.9%, which is also considerably worse than the industry’s ROE of 3.7%. It’s also very liquid in the near term, with a current ratio of 2.3. The stock has a debt/capital of 1.16.
Shares of Halliburton Company (HAL) have dropped -18.2% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Halliburton Company (NYSE:HAL) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 1 quarters (8%), whereas at 1 occasion EPS met analyst expectations. HAL last reported earnings on October 22, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.5 per share, -74.75% change on the same period last year. That was better than consensus for $0.49. Revenue for the recent quarter stood at $6.17 billion, up 13% on last year and above the $6.13 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $5.62 billion to $6.09 billion, which should be compared with $6.04 billion generated last year. EPS is seen in a range of $0.31 to $0.59, against the $0.71 reported a year ago.