Halliburton
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Here's Why Halliburton (HAL) is a Strong Growth Stock
Zacks Investment Research· 2024-04-12 14:50
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are t ...
Halliburton (HAL) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-04-11 23:06
Halliburton (HAL) closed the latest trading day at $40.94, indicating a -0.41% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.74%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, added 1.68%.The provider of drilling services to oil and gas operators's stock has climbed by 12.54% in the past month, exceeding the Oils-Energy sector's gain of 8.96% and the S&P 500's gain of 0.8%.Market participants will be closely following the financial results of H ...
Halliburton's (HAL) New Diverter to Optimize Casing Installation
Zacks Investment Research· 2024-04-09 13:41
Halliburton Company (HAL) , a U.S.-based oilfield services provider, has made a new addition to its SuperFill surge reduction equipment lineup by introducing the SuperFill II diverter. The SuperFill II diverter is designed to reduce frictional pressure loss by redirecting fluid flow within the length of the landing string.The SuperFill II diverter tool is placed above the casing/liner hanger running tool in order to redirect the fluid flow. By altering the fluid flow direction from the landing string to the ...
Will Halliburton (HAL) Beat Estimates Again in Its Next Earnings Report?
Zacks Investment Research· 2024-04-01 17:10
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Halliburton (HAL) , which belongs to the Zacks Oil and Gas - Field Services industry.When looking at the last two reports, this provider of drilling services to oil and gas operators has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 5.05%, on average, in the last two quarters.For the last reported quarter, Hall ...
Wall Street Analysts Think Halliburton (HAL) Is a Good Investment: Is It?
Zacks Investment Research· 2024-04-01 14:36
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Halliburton (HAL) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Halliburton currently has an av ...
Halliburton (HAL) Suffers a Larger Drop Than the General Market: Key Insights
Zacks Investment Research· 2024-03-22 22:50
The latest trading session saw Halliburton (HAL) ending at $38.39, denoting a -0.18% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.14%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, added 0.17%.The provider of drilling services to oil and gas operators's shares have seen an increase of 8.95% over the last month, surpassing the Oils-Energy sector's gain of 4.9% and the S&P 500's gain of 5.34%.The investment community will be closely monitoring the p ...
Keep a Tab On These 3 Broker-Recommended Energy Stocks
Zacks Investment Research· 2024-03-22 16:41
The Energy sector is notorious for its inherent unpredictability, marked by sudden positive surges and downturns. While significant price swings have always characterized investments in oil and natural gas, the degree of uncertainty has markedly risen in recent years, especially following the COVID-19 pandemic.For novice investors, energy market volatility makes investing a precarious and panicky activity. However, stocks like Halliburton (HAL) , Valero Energy (VLO) and Targa Resources (TRGP) are definitely ...
Halliburton (HAL) Stock Falls Amid Market Uptick: What Investors Need to Know
Zacks Investment Research· 2024-03-18 22:56
Company Overview - Halliburton's stock closed at $37.71, showing a slight decrease of -0.05% from the previous day, underperforming compared to the S&P 500's gain of 0.63% [1] - The stock has increased by 6.85% over the past month, outperforming the Oils-Energy sector's gain of 4.4% and the S&P 500's gain of 1.76% [1] Upcoming Earnings - Halliburton is set to release its earnings report on April 23, 2024, with an expected EPS of $0.75, reflecting a 4.17% increase from the same quarter last year [1] - The consensus estimate for revenue is $5.68 billion, indicating a 0.1% increase compared to the previous year [1] Annual Performance Estimates - For the annual period, the Zacks Consensus Estimates project earnings of $3.43 per share and revenue of $24.32 billion, representing increases of +9.58% and +5.67% respectively from the last year [2] Analyst Outlook - Recent changes in analyst estimates suggest a favorable outlook on Halliburton's business health and profitability, with revisions correlating with stock price performance [2] - Halliburton currently holds a Zacks Rank of 3 (Hold), with the Zacks Rank system indicating an average annual return of +25% for 1 ranked stocks since 1988 [3] Valuation Metrics - Halliburton's Forward P/E ratio stands at 11.02, which is lower than the industry's Forward P/E of 16.33, indicating a potential valuation discount [3] - The company has a PEG ratio of 0.94, aligning with the average PEG ratio of the Oil and Gas - Field Services industry [3] Industry Context - The Oil and Gas - Field Services industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 148, placing it in the bottom 42% of over 250 industries [4] - The strength of industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]
Is It Worth Investing in Halliburton (HAL) Based on Wall Street's Bullish Views?
Zacks Investment Research· 2024-03-14 14:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Halliburton (HAL) .Halliburton currently has an average brokerage recommen ...
Halliburton Company (HAL) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-03-14 14:06
Halliburton (HAL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this provider of drilling services to oil and gas operators have returned +6.8% over the past month versus the Zacks S&P 500 composite's +4.4% change. The Zacks Oil and Gas - Field Services industry, to which Halliburton belongs, has gained 10.5% over this period. Now the key question is: Where could the stock ...