Halliburton Company’s Stock Price Soars to $35.23, Marking an Impressive Rise of +3.80%

Halliburton Company (HAL)

35.23 USD +1.29 (+3.80%) Volume: 11.51M

Halliburton Company’s stock price is currently standing at 35.23 USD, experiencing a surge of +3.80% in today’s trading session with a volume of 11.51M shares traded, despite a slight downtrend YTD with a percentage change of -2.54%. Explore more about HAL’s market performance.

Latest developments on Halliburton Company

Today, Halliburton Co (NYSE:HAL) saw its stock price movements influenced by Bank of America lowering its price target on the company to $41.00. This adjustment comes after an earlier reduction of the price target to $46.00. These events reflect the ongoing market volatility and investor sentiment surrounding Halliburton Co, a leading provider of oilfield services and equipment. Investors are closely monitoring these developments as they weigh the potential impact on the company’s financial performance and overall market position.

Halliburton Company on Smartkarma

Analysts at Baptista Research on Smartkarma are bullish on Halliburton Co, one of the largest oilfield services companies globally. In their research report titled “Halliburton Company: A Tale Of Technological Innovation & A New Acquisition! – Major Drivers,” they highlighted the company’s robust performance in the first quarter of 2024. With a total revenue of $5.8 billion and an operating margin of 17%, both divisions showed improvement in margin year-over-year.

In another report by Baptista Research on Smartkarma, titled “Halliburton Company: Will The Recent Technology Advancements Become Their Biggest Growth Catalyst? – Major Drivers,” analysts discussed the company’s strong performance in the fourth quarter of 2023. Halliburton reported its highest operating margins in over a decade, with full-year total company revenue reaching $23 billion, a 13% increase year-over-year. Despite exiting Russia in August 2022, the company’s international business grew robustly with revenue up 17% year on-year.

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 focusing on increasing its market share and profitability in the energy industry.

Additionally, the company also scores well in Resilience and Momentum, with scores of 3 for both factors. This suggests that Halliburton Co is able to adapt to market changes and maintain a steady performance over time. While the Value and Dividend scores are not as high, overall, the Smart Scores indicate a promising future for Halliburton Co as it continues to provide energy services and products to its customers.

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.

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