$9.97M in average volume shows that Halliburton Co (HAL) is heading in the right direction

On Monday, Halliburton Co (NYSE: HAL) was -0.94% drop from the session before settling in for the closing price of $31.86. A 52-week range for HAL has been $27.26 – $41.56.

During the last 5-year period, the sales growth of Energy Sector giant was 1.97%. When this article was written, the company’s average yearly earnings per share was at -3.85%. With a float of $874.75 million, this company’s outstanding shares have now reached $878.00 million.

Let’s determine the extent of company efficiency that accounts for 48000 employees. In terms of profitability, gross margin is 19.1%, operating margin of 17.11%, and the pretax margin is 14.2%.

Halliburton Co (HAL) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Halliburton Co stocks. The insider ownership of Halliburton Co is 0.43%, while institutional ownership is 85.68%. The most recent insider transaction that took place on Jul 18 ’24, was worth 367,500. In this transaction EVP, Secretary and CLO of this company sold 10,000 shares at a rate of $36.75, taking the stock ownership to the 273,908 shares. Before that another transaction happened on May 20 ’24, when Company’s SVP & Chief Accounting Officer sold 3,000 for $38.00, making the entire transaction worth $114,000. This insider now owns 97,084 shares in total.

Halliburton Co (HAL) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -3.85% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.85% during the next five years compared to 9.14% growth over the previous five years of trading.

Halliburton Co (NYSE: HAL) Trading Performance Indicators

You can see what Halliburton Co (HAL) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.62. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.20. Likewise, its price to free cash flow for the trailing twelve months is 11.53.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.87, a number that is poised to hit 0.71 in the next quarter and is forecasted to reach 3.14 in one year’s time.

Technical Analysis of Halliburton Co (HAL)

Looking closely at Halliburton Co (NYSE: HAL), its last 5-days average volume was 8.96 million, which is a jump from its year-to-date volume of 8.14 million. As of the previous 9 days, the stock’s Stochastic %D was 70.07%. Additionally, its Average True Range was 0.83.

During the past 100 days, Halliburton Co’s (HAL) raw stochastic average was set at 43.79%, which indicates a significant decrease from 67.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.06% in the past 14 days, which was lower than the 31.61% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $29.71, while its 200-day Moving Average is $33.58. However, in the short run, Halliburton Co’s stock first resistance to watch stands at $32.01. Second resistance stands at $32.46. The third major resistance level sits at $32.84. If the price goes on to break the first support level at $31.18, it is likely to go to the next support level at $30.80. Should the price break the second support level, the third support level stands at $30.35.

Halliburton Co (NYSE: HAL) Key Stats

There are 878,502K outstanding shares of the company, which has a market capitalization of 27.71 billion. As of now, sales total 23,018 M while income totals 2,638 M. Its latest quarter income was 5,697 M while its last quarter net income were 571,000 K.