Halliburton Co (NYSE: HAL) has reported E.P.S. of $0.65 for its third fiscal quarter (ending September 30) versus $0.80 for the same period a year ago — a decline of -19%. For the latest four quarters through September 30, E.P.S. were $2.87 compared to $2.91 a year ago — a decline of -1%.
Recent Price Action
Halliburton Co (NYSE: HAL) stock closed at $29.55 on 11/7/24 after a decline of -3.1%. Moreover, unusually high trading volume at 158% of normal accompanied the decline. The stock has risen 6.7% 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, leading to 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.
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