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Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Simply put, it is used to assess the profitability of a company in relation to its equity capital. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
We now need to evaluate how much profit the company reinvests or “retains” for future growth which then gives us an idea about the growth potential of the company. 15 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Halliburton in the last year. There are currently 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should “buy” HAL shares. Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It’s the number-one pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.
The company has been focused on improving its competitive position by investing in new technologies and expanding its global footprint. Despite the challenges facing the energy industry, Halliburton has several growth opportunities that it is pursuing. One of the company’s key growth drivers is the development of new technologies that can improve the efficiency and productivity of the energy industry.
HAL Stock News Headlines
The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 15 Wall Street analysts have issued twelve-month target prices for Halliburton’s shares.
Traders should take this into account as the share price often fluctuates around this time period. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by https://g-markets.net/helpful-articles/trading-the-inverted-hammer-candle/ combining value and growth scores, which are first individually calculated. As of May 31st, there was short interest totaling 27,210,000 shares, a decrease of 6.8% from the May 15th total of 29,210,000 shares.
The firm is renowned for its exceptional record of innovation, consistently developing novel ways to maximize value for its customers.
Weatherford International PLC Ordinary Shares – New
MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. After Tuesday’s opening bell, the Dow Jones Industrial Average rose 0.2%, while the S&P 500 gained less than 0.1%. The tech-heavy Nasdaq composite reversed 0.2% lower in morning action. Further, earnings season kicks off this week, with Delta Air Lines (DAL), Cintas (CTAS) and Fastenal (FAST) set to report on Thursday. Earnings reports from big banks mark the official launch of the season on Friday, with JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) due to report. HAL earnings call for the period ending September 30, 2022.
- Halliburton will announce its quarterly financial results in 7 days.
- To begin with, Halliburton has a pretty high ROE which is interesting.
- Halliburton’s primary competitors in the energy services industry include Schlumberger, Baker Hughes and National Oilwell Varco.
- In recent years, Halliburton’s financial performance has been impacted by the oil and gas industry downturn, which has resulted in lower demand for its services and products.
- Being an easy target, uncertainty, and a declining industry give these three stocks plenty to worry about.
It is now testing support at the 50-day line, and a decisive rebound would create a new buying opportunity. Meanwhile, a flat base with a 225 buy point is also in play, according to IBD Leaderboard analysis. Halliburton will announce its quarterly financial results in 7 days.
Is It Time to Buy HAL? Shares are up today.
Their HAL share price forecasts range from $32.00 to $58.00. On average, they predict the company’s stock price to reach $47.68 in the next twelve months. This suggests a possible upside of 24.9% from the stock’s current price. View analysts price targets for HAL or view top-rated stocks among Wall Street analysts. Halliburton faces several risks and challenges in the current business environment.
Halliburton Company is a multinational corporation that provides various services and products to the energy industry. The company’s customers include major oil and gas companies and independent operators in the energy industry. Halliburton has achieved several key milestones over the years, including being the first company to log a well in the Gulf of Mexico and the first to perform hydraulic fracturing in the Permian Basin. Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Overall, we are quite pleased with Halliburton’s performance. In particular, it’s great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings.
Halliburton (HAL)
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HAL’s valuation ratios
compared to the Market Index. Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of HAL’s
competitive advantage. Halliburton is one of the three largest oilfield service firms in the world, and it’s the largest pressure pumper in North America.
- That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
- There are currently 14 buy ratings and 1 strong buy rating for the stock.
- 15 Wall Street analysts have issued twelve-month target prices for Halliburton’s shares.
- Our latest analyst data shows that the future payout ratio of the company is expected to rise to 20% over the next three years.
- One of the most significant challenges facing the company is the volatility of oil prices, which can substantially impact the demand for its services and products.
We also studied the latest analyst forecasts and found that the company’s earnings growth is expected be similar to its current growth rate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. Doing so will help them establish if the stock’s future looks promising or ominous. You can find out in our latest intrinsic value infographic research report.
One share of HAL stock can currently be purchased for approximately $38.19. The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023. Halliburton’s current CEO and Chairman of the Board is Jeff Miller, who has been with the company for over 30 years, having served as the president and chief operating officer. In 2020, Halliburton announced that it was changing its executive leadership team, adding several new members, including Mark Richard, the President of the Western Hemisphere.
Compare
HAL’s historical performance
against its industry peers and the overall market. To begin with, Halliburton has a pretty high ROE which is interesting. Second, a comparison with the average ROE reported by the industry of 11% also doesn’t go unnoticed by us. Probably as a result of this, Halliburton was able to see a decent net income growth of 16% over the last five years.
HAL earnings call for the period ending December 31, 2022. Worries of a second wave in Europe are weighing on the energy market. Oil companies don’t have what they need to pump more oil. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
Based on an average daily volume of 10,330,000 shares, the days-to-cover ratio is presently 2.6 days. Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment. IBD Leaderboard watchlist stock Chipotle ended a four-day losing streak Monday, still below a flat base’s 2,139.88 buy point, according to IBD MarketSmith pattern recognition. An early entry at 2,092.51 was also available due to a trendline. Now is an important time to read IBD’s The Big Picture column as the stock market holds near this year’s highs. Early Wednesday, Wall Street expects 0.3% monthly increases in both the overall and core CPI.
Explore the Comments tab, connect with the community, share insights, and discuss the latest market trends with other investors. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.