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Saturday, June 3, 2023

The Street Is Finally Waking Up To Halliburton Company (NYSE: HAL)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Halliburton Company (HAL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.07, or -0.23%, to $30.03. The Halliburton Company has recorded 136,432 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Halliburton Announces First Quarter 2023 Results.

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Stocks Info

Halliburton Company is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $30.10 and fluctuated between $30.44 as its day high and $29.39 as its day low. The current market capitalization of Halliburton Company is $26.37B. A total of 8.91 million shares were traded on the day, compared to an average of 9.38M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, HAL has seen 11 BUY and 9 SELL insider trades, representing the acquisition of 1,050,832 and the disposition of 410,804 shares. Over the last 12 months, there were 27 BUYs and 74 SELLs from insiders. Insiders purchased 1,303,906 shares during that period but sold 891,994.

In the most recent transaction, Banks Margaret Katherine sold 2,769 shares of HAL for 38.79 per share on Feb 10. After the transaction, the Director now owns 11,856 company shares. In a previous transaction on Jan 19, Beckwith Van H. sold 4,493 shares at 40.41 per share. HAL shares that EVP, Secretary and CLO owns now total 191,334.

Among the insiders who sold shares, Beckwith Van H. disposed of 4,295 shares on Jan 17 at a per-share price of $42.60. This resulted in the EVP, Secretary and CLO holding 245,731 shares of HAL after the transaction. In another insider transaction, Carre Eric sold 12,325 shares at $39.91 per share on Jan 06. Company shares held by the EVP & Chief Financial Officer now total 128,178.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Halliburton Company pays an annual dividend of $0.64, resulting in a dividend yield of 2.13%, and it has a price to earnings (P/E) ratio of 13.96. HAL’s most recent ex-dividend date was 2/28/2023 when it declared a $0.16 quarterly dividend that was paid in cash on 3/29/2023. Previously, the company paid the dividend on 12/21/2022 with an ex-dividend date of 12/7/2022. The HAL stock dividend was $0.12 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for HAL in the last 3 months, the mean price target is $48.08 with high estimates of $58.00 and low estimates of $34.00. In terms of 52-week highs and lows, HAL has a high of $43.99 and a low of $23.30.

As of this writing, HAL has an earnings estimate of $0.75 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $0.77 per share and a lower estimate of $0.73. The company reported an EPS of $0.72 in the last quarter, which was 7.50% higher than expectations of $0.67.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. HAL’s latest balance sheet shows that the firm has $3.04B in Cash & Short Term Investments as of fiscal 2021. There were $10.22B in debt and $4.31B in liabilities at the time. Its Book Value Per Share was $9.31, while its Total Shareholder’s Equity was $6.73B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HAL is Buy with a score of 4.89.

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