Halliburton Company’s Stock Price Slips to $33.39, Witnessing a 2.94% Dip: An in-depth Analysis

Halliburton Company (HAL)

33.39 USD -1.01 (-2.94%) Volume: 13.87M

Halliburton Company’s stock price stands at 33.39 USD, witnessing a 2.94% drop this trading session and a -7.63% decline YTD, with an impressive trading volume of 13.87M, reflecting the volatile nature of HAL’s market performance.

Latest developments on Halliburton Company

Following the release of its Q3 results, Halliburton Co. saw a decrease in stock price as analysts lowered their forecasts for the company. The stock underperformed compared to its competitors on Monday. Additionally, there was insider selling as EVP, Secretary, and CLO Van Beckwith sold 10,000 shares of Halliburton Co (HAL). The company also lowered its 2024 outlook, leading analysts to predict a ‘more muted’ 2025. Despite this, both SLB and Halliburton experienced strong international oilfield demand. Westfield Capital Management Co. LP also reduced its holdings in Halliburton (NYSE:HAL), adding to the fluctuation in stock price movements today.

Halliburton Company on Smartkarma

Analysts on Smartkarma, such as Suhas Reddy and Baptista Research, provide bullish insights on Halliburton Co. Suhas Reddy‘s report highlights Halliburton’s focus on international operations amidst North American weakness, expecting margin expansion and FCF growth in 2024. Baptista Research emphasizes Halliburton’s technological innovation and recent acquisition, showcasing robust performance with total revenue of $5.8 billion and improved operating margins in the first quarter of 2024.

Halliburton Company’s strong performance in 2023, as reported by Baptista Research, saw both divisions achieving their highest operating margins in over a decade. With total revenue reaching $23 billion and operating income of $4.1 billion, Halliburton’s international business grew robustly despite exiting Russia in 2022. The analysts’ bullish sentiment reflects positive outlooks on Halliburton’s growth potential driven by technological advancements and strong financial performance.

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. Additionally, a strong Dividend score of 4 indicates that Halliburton Co is committed to providing returns to its shareholders. While the Value, Resilience, and Momentum scores are not as high, the overall outlook for the company remains optimistic.

Halliburton Company, a provider of energy services and engineering and construction services, as well as a manufacturer of products for the energy industry, is well-positioned for long-term success. With a focus on growth and a commitment to providing dividends to shareholders, Halliburton Co is a key player in the exploration, development, and production of oil and natural gas. Despite some areas for improvement, the company’s overall outlook remains positive based on the Smartkarma Smart Scores.

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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