HAL Stock Summary and Trading Ideas (Halliburton Company | NYSE:HAL)

Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.

Halliburton Company trades on the NYSE stock market under the symbol HAL.

As of April 22, 2024, HAL stock price declined to $38.72 with 6,147,709 million shares trading.

HAL has a beta of 0.59, meaning it tends to be less sensitive to market movements. HAL has a correlation of 0.06 to the broad based SPY ETF.

HAL has a market cap of $34.66 billion. This is considered a Large Cap stock.

Last quarter Halliburton Company reported $6 billion in Revenue and $.86 earnings per share. This fell short of revenue expectation by $-41 million and exceeded earnings estimates by $.06.

In the last 3 years, HAL stock traded as high as $43.99 and as low as $17.82.

The top ETF exchange traded funds that HAL belongs to (by Net Assets): VTI, VOO, XLE, VO, SPY.

HAL has underperformed the market in the last year with a price return of +17.9% while the SPY ETF gained +22.9%. However, in the short term, HAL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.0% vs +3.7% return in SPY. But in the last 2 weeks, HAL shares have been beat by the market, returning -5.5% compared to an SPY return of -3.7%.

HAL support price is $38.39 and resistance is $39.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HAL stock will trade within this expected range on the day.