Last Updated: 13 Nov 2024
Executive Summary
Halliburton Company (HAL) is a leading global oilfield services provider with a market capitalization of $26.47 billion. The company has a strong financial position with an EBITDA of $5.11 billion and a profit margin of 11%. Analysts are bullish on HAL, with a consensus target price of $39.37 and 8 Strong Buy ratings. The stock has a beta of 1.905 and is currently trading at $30.19, below its 52-week high of $41.12.
Company Overview
Halliburton Company is an American multinational corporation that provides a wide range of products and services to the oil and gas industry. The company has operations in over 70 countries and employs approximately 40,000 people. Halliburton's core businesses include drilling, completion, and production services.
Fundamental Analysis
Halliburton Company has a strong financial position. The company's revenue has grown steadily in recent years, reaching $23.07 billion in the trailing twelve months. The company's EBITDA margin has also improved, from 10.2% in 2021 to 11.0% in 2023. Halliburton's earnings per share (EPS) have also increased, from $2.51 in 2021 to $2.86 in 2023.
Halliburton's balance sheet is also strong. The company has $3.2 billion in cash and equivalents and $10.1 billion in debt. The company's debt-to-equity ratio is 0.38, which is below the industry average of 0.50.
Technical Analysis
Halliburton Company's stock price has been trending higher in recent months. The stock broke out of a consolidation pattern in early 2023 and has since rallied to a 52-week high of $41.12. The stock is currently trading above its 50-day and 200-day moving averages, which is a bullish sign.
Short Term Outlook
Halliburton Company's stock is expected to continue to perform well in the short term. The company's strong financial position and positive analyst sentiment are likely to support the stock price. The stock could potentially reach its analyst target price of $39.37 in the next few months.
Long Term Outlook
Halliburton Company's long-term outlook is also positive. The company is expected to benefit from the continued growth of the oil and gas industry. The company's strong financial position and global reach will allow it to capitalize on this growth.
Analyst Recommendations
Analysts are bullish on Halliburton Company. The consensus target price is $39.37, which represents a potential upside of 30.4% from the current price. Eight analysts have a Strong Buy rating on the stock, while 16 have a Buy rating. Only four analysts have a Hold rating on the stock, and no analysts have a Sell or Strong Sell rating.
