Halliburton Company (HAL) shares are trading at lower $12.25 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $15.50.
To add more color to this target, the company’s high over the last year is $25.47 and the low is $4.25. Over the last 52 weeks, HAL is down -33.82% while the S&P 500 is up 16.04%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, HAL reported a profit of $-1.91 billion. Halliburton Company also saw revenues decrease to $3.2 billion. In addition, HAL has free cash flow of $468.0 million as of 06-2020. The company’s EBITDA came in at -$1.66 billion which compares well with its peers.
HAL booked profit margins of -21.40%, its Return on Equity (ROE) is -54.40%, and its Return on Assets is -16.70%. All told, it is clear that, HAL needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HAL has a short ratio of 2.89 and outstanding shares of 877.00M.
HAL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 12.89 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -4.62. Halliburton Company HAL also noted assets of $20.35 billion at the end of the last quarter. Investors should also keep an eye on sector updates as HAL has historically followed its peers on positive news.
All told, Halliburton Company HAL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HAL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Halliburton Company HAL is now commanding a market cap of 11.48B and a float of 876.12M. HAL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HAL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in HAL, either long or short, and we have not been compensated for this article.