Halliburton has a lower P/E than the aggregate P/E of 58.07 of the Energy Equipment & Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it’s also probable that the stock is undervalued. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. This article was generated by Benzinga’s automated content engine and reviewed by an editor. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
Meanwhile, our latest consensus estimate is calling for revenue of $5.85 billion, up 9.27% from the prior-year quarter. Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns. Halliburton Co.’s stock HAL, +2.01% edged lower in premarket trade Wednesday, after the oil services company’s second-quarter revenue fell slightly short of estimates. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate.
With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued. Halliburton will be looking to display strength as it nears its next earnings release. In that report, analysts expect Halliburton to post earnings of $0.77 per share.
Vaishali Parekh of Prabhudas Lilladher went on to add that immediate support for Nifty today is placed at 19,850 levels while the resistance is seen at 20,150 levels. Halliburton (HAL Quick QuoteHAL – Free Report) closed at $40.88 in the latest trading session, marking a +0.44% move from the prior day. At the same time, the Dow lost 0.57%, and the tech-heavy Nasdaq lost 1.06%. Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy. This current average has decreased by 3.18% from the previous average price target of $48.69. 651 employees have rated Halliburton Chief Executive Officer Jeff Miller on Glassdoor.com.
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.
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 https://bigbostrade.com/ 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.
Stock Activity
This segment also provides electrical submersible pumps, as well as artificial lift services. Halliburton Company was founded in 1919 and is based in Houston, Texas. 15 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Halliburton in the last year. There are currently 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should “buy” HAL shares.
Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. It operates through the Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services.
Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five “Strong Buy” recommendations for every “Strong Sell” recommendation. Another challenge for Halliburton is the increasing competition in the industry.
Halliburton MarketRank™ Forecast
Investors might also notice recent changes to analyst estimates for Halliburton. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability. Analysts’ steady views regarding the company’s earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
One share of HAL stock can currently be purchased for approximately $42.51. Sign-up to receive the latest news and ratings for Halliburton and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Plus, HAL info will be updated daily in your Zacks.com Portfolio Tracker – also free.
- Halliburton will be looking to display strength as it nears its next earnings release.
- This oilfield service giant, boasting a market cap of $34.5 billion, …
- Recent stocks from this report have soared up to +178.7% in 3 months – this month’s picks could be even better.
- Meanwhile, our latest consensus estimate is calling for revenue of $5.85 billion, up 9.27% from the prior-year quarter.
- Halliburton shares slumped after warning that lower oil and gas prices will reduce drilling in the second half of 2023.
Of the 20 recommendations that derive the current ABR, 18 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 90% and 10% of all recommendations. Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let’s see what these Wall Street heavyweights think about Halliburton (HAL).
About Halliburton (NYSE:HAL) Stock
This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
- 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.
- ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
- At the same time, the Dow lost 0.57%, and the tech-heavy Nasdaq lost 1.06%.
- These 14 analysts have an average price target of $47.14 versus the current price of Halliburton at $42.075, implying upside.
- Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
- As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Which stocks are major institutional investors including hedge funds and endowments buying in today’s market? Click the link below and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying up as quickly as they can. Style is an investment factor that has a meaningful impact on investment sar trading risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. As of July 24, 2023, Halliburton Co ( HAL , Financial) stock has experienced a 3.4% gain, with a closing price of $38.2 per share. This oilfield service giant, boasting a market cap of $34.5 billion, …
Price and EPS Surprise Chart
Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. In other words, their interests aren’t always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock’s price movement.
On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those day trading stocks are Manappuram Finance, RailTel and Power Grid. Looking at the earnings estimate revisions for Halliburton, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $3.04. If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro. These 14 analysts have an average price target of $47.14 versus the current price of Halliburton at $42.075, implying upside. Halliburton’s stock was trading at $39.35 at the beginning of the year. Since then, HAL shares have increased by 8.0% and is now trading at $42.51.
The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX. Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors. Despite the challenges facing the energy industry, Halliburton has several growth opportunities that it is pursuing.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant.
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. The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023. 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. As an investor, you want to buy stocks with the highest probability of success.
Halliburton Q1 revenue up 33% to $5.68 bln, above the FactSet consensus $5.50 bln
Halliburton’s stock is owned by a variety of institutional and retail investors. Investors of record on Wednesday, September 6th will be paid a dividend of $0.16 per share on Wednesday, September 27th. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.
While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company’s stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions. Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation.
That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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Terms of Service apply. HOUSTON–(BUSINESS WIRE)–Halliburton Labs introduces Rocsole as the newest participant in its clean energy accelerator.
Halliburton Company is a multinational corporation that provides various services and products to the energy industry. 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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
