For its second fiscal quarter (ending June 30), Halliburton Co (NYSE: HAL) has reported a 18% increase in E.P.S. from $0.68 a year ago to $0.80 in the current quarter. However, this result fell short of the consensus estimate of $0.80 by $-0.00. For the latest four quarters through June 30, E.P.S. were $3.02 compared to $2.72 a year ago — an increase of 11%.
Recent Price Action
Halliburton Co (NYSE: HAL) stock closed at $34.40 on 7/19/24 after a large decline of -5.6%. Moreover, this decline was accompanied by exceptionally high trading volume at 221% of normal. The stock has risen 2.3% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HAL is expected to continue to be a major Value Builder.
Halliburton has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Halliburton has a good Appreciation Score of 75 but a poor Power Rating of 26, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment