Halliburton Company (HAL)
34.74 USD -1.96 (-5.34%) Volume: 7.96M
Halliburton Company’s stock price currently stands at 34.74 USD, experiencing a dip of -5.34% this trading session with a trading volume of 7.96M. With a year-to-date percentage change of -3.90%, the energy industry giant continues to navigate the volatile market conditions.
Latest developments on Halliburton Company
Today, Halliburton Co.’s stock price movements are influenced by a series of events. The company has been recognized as one of Texas’s most honored companies by Institutional Investor’s All-America Executive Team. Additionally, 9258 Wealth Management LLC has bought shares of Halliburton, while Orion Portfolio Solutions LLC has sold some of its shares. Assetmark Inc. has also increased its stake in the company. Furthermore, Halliburton is set to go ex-dividend on June 5th. The company is benefiting from the increased oil well completions in North America, contributing to its overall stock performance.
Halliburton Company on Smartkarma
Analysts at Baptista Research have been closely following Halliburton Co, one of the largest oilfield services companies globally. In a recent research report titled “Halliburton Company: A Tale Of Technological Innovation & A New Acquisition! – Major Drivers,” the analysts highlighted the company’s robust performance during its first-quarter 2024 conference call. With a total revenue of $5.8 billion and an operating margin of 17%, both divisions of Halliburton showed improvement in margin year-over-year.
Another report by Baptista Research titled “Halliburton Company: Will The Recent Technology Advancements Become Their Biggest Growth Catalyst? – Major Drivers” 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 the company’s exit from Russia in August of 2022, its international business grew robustly with revenue up 17% year-on-year.
A look at Halliburton Company Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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 strong score in Growth, the company is positioned well for future expansion and development. This indicates that Halliburton Co is likely to see continued growth in the coming years, making it an attractive option for investors looking for potential growth opportunities in the energy industry.
Additionally, Halliburton Co scores well in Resilience, showing that the company is able to withstand market fluctuations and economic challenges. This resilience, combined with solid scores in Value, Dividend, and Momentum, further solidifies Halliburton Co‘s position as a stable and reliable investment choice for those seeking long-term returns in the energy services sector.
Summary: Halliburton Company provides energy services, engineering and construction services, and manufactures products for the energy industry. They offer 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.
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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