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This could result in increased costs and regulatory compliance requirements for the company. 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. Halliburton’s profit margins have also been affected by the downturn. However, despite this downturn, Halliburton has been beating earnings-per-share and revenue expectations in most quarters. Halliburton’s valuation metrics suggest the company might be slightly undervalued compared to its peers. Additionally, Halliburton has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.
Oil companies don’t have what they need to pump more oil. On Monday, the Dow Jones Industrial Average rallied 0.6%, while the S&P 500 gained 0.2%. 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. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Halliburton and its competitors with MarketBeat’s FREE daily newsletter.
651 employees have rated Halliburton Chief Executive Officer Jeff Miller on Glassdoor.com. Jeff Miller has an approval rating of 63% among the company’s employees. This puts Jeff Miller in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 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.
It operates through the Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX. 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. We also studied the latest analyst forecasts and found that the company’s earnings growth is expected be similar to its current growth rate.
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. The ‘return’ refers to a company’s earnings over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.24 in profit.
There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. HAL earnings call for the period ending September 30, 2022. HAL earnings call for the period ending December 31, 2022.
Another challenge for Halliburton is the increasing competition in the industry. The company’s primary competitors are investing heavily in research and development and expanding their global footprint, which could impact Halliburton’s market share and profitability. Furthermore, the ongoing geopolitical tensions and trade disputes could also impact the company’s operations, particularly in emerging markets. Halliburton faces several risks and challenges in the current business environment. 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. In addition, the industry is facing increasing regulatory scrutiny, particularly around issues such as climate change and environmental impact.
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The Dow Jones Industrial Average rose Tuesday morning, as second-quarter earnings begin to trickle out and Wall Street awaited Wednesday’s release of the consumer price index, or CPI. Meanwhile, the best stocks to buy and watch include tech titans Meta Platforms (META) and Nvidia (NVDA). Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.
You can find out in our latest intrinsic value infographic research report. 15 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Halliburton in the last twelve months. There are currently 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts https://g-markets.net/helpful-articles/xm-pip-value-calculator/ is that investors should “buy” HAL shares. Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned HAL a recommendation rating is 29.
Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization. Shares Short Prior Month – the number of shares in short positions in the last month. Explore the Comments tab, connect with the community, share insights, and discuss the latest market trends with other investors.
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.
Halliburton’s stock was trading at $39.35 at the start of the year. Since then, HAL shares have decreased by 4.1% and is now trading at $37.75. Dividend Per Share is a financial indicator equal to the ratio of the company’s net profit available for distribution to the annual average of ordinary 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. Despite the higher expected payout ratio, the company’s ROE is not expected to change by much. 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. Halliburton has invested heavily in digitalization, automation and artificial intelligence to improve its services and products.
On average, they expect the company’s share price to reach $47.68 in the next year. This suggests a possible upside of 26.3% from the stock’s current price. View analysts price targets for HAL or view top-rated stocks among Wall Street analysts. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature.