The key reasons why Halliburton Co. (HAL) is -22.10% away from 52-week high?

Halliburton Co. (NYSE: HAL) started the day on Thursday, with a price increase of 3.55% at $34.16, before settling in for the price of $32.99 at the close. Taking a more long-term approach, HAL posted a 52-week range of $32.60-$43.85.

The company of the Energy sector’s yearbook sales growth during the past 5- year span was recorded 1.97%. Meanwhile, its Annual Earning per share during the time was 9.14%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 1.46%. This publicly-traded company’s shares outstanding now amounts to $889.00 million, simultaneously with a float of $881.54 million. The organization now has a market capitalization sitting at $30.24 billion. At the time of writing, stock’s 50-day Moving Average stood at $34.72, while the 200-day Moving Average is $36.75.

Halliburton Co. (HAL) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Oil & Gas Equipment & Services Industry. Halliburton Co.’s current insider ownership accounts for 0.42%, in contrast to 88.62% institutional ownership. According to the most recent insider trade that took place on Jul 18 ’24, this organization’s EVP, Secretary and CLO sold 10,000 shares at the rate of 36.75, making the entire transaction reach 367,500 in total value, affecting insider ownership by 273,908. Preceding that transaction, on May 20 ’24, Company’s SVP Internal Assurance Svcs. sold 6,933 for 38.00, making the whole transaction’s value amount to 263,454. This particular insider is now the holder of 33,251 in total.

Halliburton Co. (HAL) Earnings and Revenue Records

In the latest quarterly report released, which was put into the public domain on 6/30/2024, the organization reported 0.72 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at 0.7) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.82 per share during the current fiscal year.

Halliburton Co.’s EPS increase for this current 12-month fiscal period is 1.46% and is forecasted to reach 3.58 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 13.70% through the next 5 years, which can be compared against the 9.14% growth it accomplished over the previous five years trading on the market.

Halliburton Co. (NYSE: HAL) Trading Performance Indicators

Let’s observe the current performance indicators for Halliburton Co. (HAL). It’s Quick Ratio in the last reported quarter now stands at 1.54. The Stock has managed to achieve an average true range (ATR) of 1.00. Alongside those numbers, its PE Ratio stands at $11.35, and its Beta score is 1.94. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.30. Similarly, its price to free cash flow for trailing twelve months is now 12.78.

In the same vein, HAL’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 3.01, a figure that is expected to reach 0.78 in the next quarter, and analysts are predicting that it will be 3.58 at the market close of one year from today.

Technical Analysis of Halliburton Co. (HAL)

If we take a close look at the recent performances of Halliburton Co. (NYSE: HAL), its last 5-days Average volume was 12.76 million that shows progress from its year to date volume of 7.55 million. During the previous 9 days, stock’s Stochastic %D was recorded 16.86% While, its Average True Range was 1.07.

Raw Stochastic average of Halliburton Co. (HAL) in the period of the previous 100 days is set at 17.41%, which indicates a major fall in contrast to 34.82% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 38.19% that was higher than 26.17% volatility it exhibited in the past 100-days period.