Halliburton Company’s Stock Price Plummets to $34.40, Recording a Steep 5.60% Decline

Halliburton Company (HAL)

34.40 USD -2.04 (-5.60%) Volume: 18.68M

Halliburton Company’s stock price currently stands at 34.40 USD, experiencing a decrease of -5.60% in this trading session with a trading volume of 18.68M, and a year-to-date (YTD) percentage change of -4.84%, reflecting the volatile nature of the energy market.

Latest developments on Halliburton Company

Today, Halliburton Co stock price movement was influenced by a mix of positive and negative news. The company saw strong international oilfield demand, leading to higher quarterly profits. However, their U.S. business stumbled, causing a 2% drop in stock price after revenue fell short of estimates. Despite this, Halliburton remains optimistic about a rebound in North American activity in 2025 post-merger and acquisition activities. Analysts at Evercore ISI also believe that the company’s second-quarter earnings release has slightly positive implications for the stock. Overall, Halliburton’s stock performance today was a mix of gains and losses, reflecting the complex landscape of the oilfield services industry.

Halliburton Company on Smartkarma

Analysts on Smartkarma are bullish on Halliburton Co, with Suhas Reddy providing insights on the company’s international operations and future growth expectations. Halliburton expects margin expansion in 2024 and anticipates low double-digit revenue growth from its international business. The company also forecasts flat revenue growth from North America but expects sequential margin growth in key segments. With a focus on increasing free cash flow and returning value to shareholders, Halliburton’s strategic outlook remains positive.

Baptista Research also shares a positive outlook on Halliburton Co, highlighting the company’s technological innovation and recent performance. In their reports, Baptista Research notes Halliburton’s strong first-quarter 2024 conference call, showcasing robust revenue and operating margin figures. With both divisions demonstrating improvement in margin year-over-year, Halliburton’s focus on innovation and growth drivers positions the company for continued success in the oilfield services industry.

A look at Halliburton Company Smart Scores

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 a high Growth score of 5, the company is positioned well for future expansion and development. This indicates that Halliburton Co is likely to experience strong growth in the coming years, which is a promising sign for investors looking for long-term opportunities in the energy industry.

Additionally, Halliburton Co also scores well in Resilience and Momentum, with scores of 3 in both categories. This suggests that the company has the ability to withstand economic downturns and maintain its performance, as well as the potential for continued positive performance in the near future. Overall, Halliburton Co‘s Smart Scores point to a company with solid fundamentals and a promising outlook for the long term.

Summary: Halliburton Company provides energy services and engineering and construction services, as well as manufactures products for the energy industry. The Company offers services and products and integrated solutions to customers in the exploration, development, and production of oil and natural gas.

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.
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