The Question Is Whether To Buy Or Not To Buy Halliburton Co. (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. The stock was recently discussed on Yahoo Finance as it revealed that Nabors Announces Fourth Quarter 2023 Results.

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Stocks Info

Halliburton Co. 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 $35.13 and fluctuated between $35.58 as its day high and $34.96 as its day low. The current market capitalization of Halliburton Co. is $31.27B. A total of 7.55 million shares were traded on the day, compared to an average of 7.50M 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 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,030 shares. Over the last 12 months, there were 19 BUYs and 28 SELLs from insiders. Insiders purchased 1,105,058 shares during that period but sold 972,625.

In the most recent transaction, Beckwith Van H. sold 5,000 shares of HAL for 42.94 per share on Oct 20. After the transaction, the EVP, Secretary and CLO now owns 176,334 company shares. In a previous transaction on Oct 13, Beckwith Van H. sold 5,000 shares at 42.84 per share. HAL shares that EVP, Secretary and CLO owns now total 181,334.

Among the insiders who sold shares, Jones Myrtle L disposed of 16,800 shares on Sep 19 at a per-share price of $43.00. This resulted in the Senior Vice Pres – Tax holding 42,126 shares of HAL after the transaction. In another insider transaction, Sharp Jill D. sold 13,103 shares at $43.00 per share on Sep 19. Company shares held by the SVP Internal Assurance Svcs. now total 45,078.

Dividend

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 Co. pays an annual dividend of $0.64, resulting in a dividend yield of 1.82%, and it has a price to earnings (P/E) ratio of 12.01. HAL’s most recent ex-dividend date was 3/5/2024 when it declared a $0.17 quarterly dividend that was paid in cash on 3/27/2024. Previously, the company paid the dividend on 12/27/2023 with an ex-dividend date of 12/6/2023. The HAL stock dividend was $0.16 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 $47.18 with high estimates of $54.00 and low estimates of $32.00. In terms of 52-week highs and lows, HAL has a high of $43.85 and a low of $27.84.

As of this writing, HAL has an earnings estimate of $American Airlines Group, Inc. per share for the current quarter. EPS was calculated based on a consensus of HAO estimates, with a high estimate of $United Airlines Holdings, Inc. per share and a lower estimate of $Delta Air Lines, Inc.

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 $10.21B in debt and $4.31B in liabilities at the time. Its Book Value Per Share was $10.56, 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 4.79.

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