Halliburton Company (HAL)
27.81 USD -1.06 (-3.67%) Volume: 19.28M
Halliburton Company’s stock price stands at 27.81 USD, witnessing a dip of -3.67% this trading session, with a substantial trading volume of 19.28M. The oilfield services company’s shares have seen a year-to-date percentage change of -23.07%, reflecting its turbulent market performance.
Latest developments on Halliburton Company
Despite underperforming the market, Halliburton Co. saw a rise in its stock price on Tuesday. This increase comes amidst news of a 70-acre mixed-use development set to come to Houston’s Westchase area. However, the company has also faced challenges, with reports indicating that Halliburton has been tardy in contesting a $35 million deduction as stated by the US government. Investors are closely monitoring these events as they navigate the fluctuations in Halliburton Co.’s stock price.
Halliburton Company on Smartkarma
Analysts on Smartkarma are closely following Halliburton Co, a major oilfield services company. Baptista Research‘s report highlighted the company’s solid second-quarter performance, with total revenue of $5.8 billion and an operating margin of 18%. International revenue saw an 8% year-over-year growth, driven by a strong performance in Latin America. Similarly, Suhas Reddy’s report emphasized the company’s focus on international operations amid North American weakness. Halliburton’s Q2 revenue rose by 0.6% year-over-year, with a strong performance from international markets offsetting the slowdown in North America.
Furthermore, Baptista Research‘s analysis showcased Halliburton’s technological innovation and a new acquisition, demonstrating robust performance in the first quarter of 2024. The company reported a total revenue of $5.8 billion and an operating margin of 17%. Management anticipates margin expansion from international operations in 2024, with a forecasted low double-digit revenue growth from international markets. With a focus on margin growth and strong performance in key regions, analysts are closely monitoring Halliburton Co‘s strategic moves and financial outlook.
A look at Halliburton Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Halliburton Co has a positive long-term outlook. With high scores in Growth and Dividend, the company is positioned well for future expansion and investor returns. Its strong focus on innovation and development within the energy industry is reflected in its high Growth score, indicating potential for continued success in the market.
Additionally, Halliburton Co‘s Resilience score suggests that the company is equipped to weather economic challenges and market fluctuations. While its Momentum score is not as high as some other factors, the overall outlook for Halliburton Co remains optimistic. As a provider of essential energy services and products, the company plays a crucial role in the exploration and production of oil and natural gas, positioning it for long-term success in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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