Place A Check Mark On Halliburton Company (HAL)

Looking into the technicals, Halliburton Company (NYSE:HAL) has scored 96% Sell indication. The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the HAL’s short-term trajectory should know that short terms indicators for the stock averaged 80% Sell with an average daily trading volume over the past 20 days at 11831790 shares. HAL stock has overall a 1% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 10988244 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 10070142 shares, is 100% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $29.17. Below this, the next support is placed in the zone of $28.55. Till the time, the HAL stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 30.49 on daily chart, which may remain a cause for comfort. If the price breaks below $28.55 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $30.48 mark may result into a pull-back move towards $31.17 level.

Halliburton Company (HAL) is projected to climb by 64.59 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $58-month high price target. This represents a whopping 94.7 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $47, which represents a return potential of 57.77 percent when compared to the closing price of the stock of $29.79 on Thursday, December 06. The lowest price target for the stock is $28 — slightly more than -6.01 percent from HAL’s current share price.

Here’s a rundown of insider trading activity for sense of Halliburton Company (NYSE:HAL). The earliest insider trade took place on 12/03/2018. Beaty Anne L. parted with a total of 7.2 thousand shares of company at average share price of $32.33. The total for the sales was set at $232.78 thousand. After this transaction, the Senior VP, Finance account balance stood at 55 thousand shares. The stock lost -6.4 percent since that insider sale. On 11/08/2018, Beaty Anne L., Senior VP, Finance, sold 1.21 thousand shares at a price per share of $36.23. This removed 43.84 thousand shares from the insider’s fortune and the stock saw a -16.48 percent retreat in value since the news became public. This transaction left 55 thousand shares in the Senior VP, Finance account. On 09/20/2018, President – Western Hemisphere Brown James S performed a sale transaction worth $648.03 thousand. This sale at $40.53 each has eliminated 15.99 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -25.34 percent decrease since the transaction was reported. The insider now is left with 107.52 thousand shares remaining in the account. Gerber Murry, who performs the Director job, bought 5.8 thousand shares for $235.83 thousand. The acquisition occurred on 07/26/2018 was priced at $40.66 per share. The share price plunged -25.58 percent since the reporting date. Gerber Murry now left with a stake of 60.96 thousand HAL stock worth $1.82 million after the insider buying.

HAL shares dropped -1.65 points or -5.25 percent on Thursday to $29.79 with a heavy trade volume of 18.902 million shares. After opening the session at $30.48, the shares went as high as $30.55 and as low as $29.24, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $26.5 billion and now has 888.87 million shares outstanding. Halliburton Company (HAL) stock has lost -16.67 percent of market value in 21 trading days.

Analysts at BofA/Merrill lifted target price for shares of Halliburton Company (NYSE:HAL) but repeated their Buy recommendation for the stock in their opinion released on December 03. The price target has been raised from $52 to $48. Analysts at Cleveland Research downgraded the stock to a Neutral call from its previous Buy stance, in a research note that dated back to October 18.

HAL stock has a trailing 3-year beta of 1.1, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $1.09 a share in the trailing twelve months. The stock’s value has fallen -39.04 percent year to date (YTD) against a decline of -31.72 percent in 12 month’s time. The company’s shares still trade -48.51 percent away from its 1-year high of $57.86 and -2.23 percent down from 52-week low of $30.47. The average consensus rating on the company is 1.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Halliburton Company (HAL) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry HAL operates in has an average P/E of 129.24. Its P/E ratio went as low as 9.75X and as high as 21.74 over the 5-year span. Further, it is sporting a 1.1 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.32. 13.1 percent is the gross profit margin for Halliburton Company and operating margin sits at 9.3 percent. Along with this, the net profit margin is 0.7 percent.

HAL will be declaring its Q4 financial results on January 22. Analysts are forecasting revenue to suffer decline of -0.8 percent to $5.89B in the next fiscal quarter, while earnings are seen soaring by nearly -28.3 percent to $0.38 per share. History has shown that shares in Halliburton Company have gone up on 18 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.5 per share, better than the $0.49, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $6.17B, better than the $6.13B analysts expected. Earnings are estimated to increase by 105.6 percent this year, 13.93 percent next year and continue to increase by 35.35 percent annually for the next 5 years.