Halliburton Company’s Stock Price Rises to $26.96, Marking a Positive Shift of 0.63%

Halliburton Company (HAL)

26.96 USD +0.17 (+0.63%) Volume: 10.26M

Discover Halliburton Company’s stock price performance, currently trading at 26.96 USD, with a positive session change of +0.63% on a volume of 10.26M shares. Despite this, HAL’s year-to-date performance indicates a dip of -25.10%, reflecting the volatile energy market conditions.

Latest developments on Halliburton Company

Today, Halliburton Co. stock experienced a minor decrease of -0.04%, underperforming compared to its competitors. This comes after the company recently announced its acquisition of offshore technology provider Optime Subsea. Additionally, five energy startups have joined the Halliburton Labs collaborative ecosystem, showcasing the company’s commitment to innovation and growth in the energy sector. Investors are closely monitoring these developments as they anticipate how these strategic moves will impact Halliburton Co.’s stock price in the near future.

Halliburton Company on Smartkarma

Analyst coverage on Smartkarma for Halliburton Co reveals contrasting sentiments. Suhas Reddy‘s report highlights a bearish outlook as Halliburton’s Q3 revenue fell by 1.8% YoY, missing estimates by 2.2%, with North America revenue down 8.5%. Operating cash flow and free cash flow also declined significantly. On the other hand, Baptista Research’s analysis paints a bullish picture, emphasizing Halliburton’s international market expansion. While the international sector showed promising growth, particularly in the Middle East/Asia region, the North American market exhibited a downturn with a 9% year-over-year revenue decrease.

Looking ahead, Suhas Reddy‘s pre-earnings report suggests a continued bearish sentiment for Halliburton, with expected declines in EPS due to reduced upstream spending. The OI PCR signals bearish sentiment, while the volume PCR hints at a more bullish tone. Despite the challenges, Halliburton aims to offset stagnating US onshore production activity by expanding its international footprint, which currently accounts for 58% of revenue. The contrasting analyst views provide investors with valuable insights into the company’s performance and potential future outlook.

A look at Halliburton Company Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Halliburton Co has a positive long-term outlook. With high scores in Growth and Value, the company is positioned well for future success. Its strong focus on innovation and expansion indicates potential for continued growth in the energy services industry.

Although Halliburton Co scores slightly lower in Resilience and Momentum, the overall outlook remains optimistic. The company’s solid dividend score further enhances its attractiveness to investors looking for stable returns. With a diverse range of services and products for the energy sector, Halliburton Co is well-equipped to navigate challenges and capitalize on opportunities in the market.

### Halliburton Company provides energy services and engineering and construction services, as well as manufactures products for the energy industry. The Company offers services and products and integrated solutions to customers in the exploration, development, and production of oil and natural gas. ###

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