These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability. The percentage of buy ratings increased in five of the 11 sectors across the S&P 500 since the end of August, Butters wrote, with the largest increase occurring in the consumer discretionary sector, rising from 55.5% to 57.5%. But that still lags the energy sector, which has the highest percentage of buy ratings at 64%.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. Coming into today, shares of the provider of drilling services to oil and gas operators had gained 8.02% in the past month.
There has been a percent change of -0.85, indicating a decrease in value. The net change is -16.28, which means the stock has decreased by ₹16.28. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.03% higher within the past month. Any recent changes to analyst estimates for Halliburton should also be noted by investors.
- It operates in two segments, Completion and Production, and Drilling and Evaluation.
- The company is expected to report EPS of $0.77, up 28.33% from the prior-year quarter.
- This segment also provides electrical submersible pumps, as well as artificial lift services.
- Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Investors will be hoping for strength from Halliburton as it approaches its next earnings release, which is expected to be October 24, 2023. The company is expected to report EPS of $0.77, up 28.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $5.85 billion, up 9.27% from the year-ago period. As of July 24, 2023, Halliburton Co ( HAL , Financial) stock reported a gain of 3.57% with a current price of $38.26. The Hindustan Aeronautics stock reached a low price of ₹1900.1 and a high price of ₹1949 on the current day.
Energy stocks sank on Friday after the Biden administration proposed to allow a maximum of three sales of oil and gas drilling leases in the Gulf of Mexico over the next five years, the fewest in hist… Some of Should i buy apple stock the world’s largest US oil and gas field service companies are already facing questions over their conduct. The Kremlin is heavily dependent on its oil and gas sector for the revenue that funds its military.
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HAL’s historical performance
against its industry peers and the overall market.
Halliburton Co. stock falls Friday, underperforms market
As for specific stocks, Butters also found the 10 companies that have the highest percentage of buy ratings across the market. Those stocks are below, along with their ticker symbol, market cap, and the percentages of buy, hold, and sell ratings among Wall Street analysts. Halliburton shares slumped after warning that lower oil and gas prices will reduce drilling in the second half of 2023.
The Hindustan Aeronautics stock reached a low price of ₹1885.1 and a high price of ₹1949 on the current day. Improving investor sentiment and a few key tech stocks riding the AI wave have sent stocks higher than expected this year, and some market watchers believe the stock market rally will continue. Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy. 651 employees have rated Halliburton Chief Executive Officer Jeff Miller on Glassdoor.com. Jeff Miller has an approval rating of 63% among the company’s employees.
In that same time, the Oils-Energy sector gained 5.29%, while the S&P 500 lost 2.84%. The Big 3 oilfield services (OFS) companies will likely report higher profits for the second quarter as resurgent demand in international markets and strong offshore drilling helped counter tepid acti… 15 Wall Street analysts have issued “buy,” “hold,” should i buy microsoft stock and “sell” ratings for Halliburton in the last year. There are currently 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should “buy” HAL shares. Despite the challenges facing the energy industry, Halliburton has several growth opportunities that it is pursuing.
In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
Furthermore, the ongoing geopolitical tensions and trade disputes could also impact the company’s operations, particularly in emerging markets. 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 number-one pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.
Hindustan Aeronautics share price live: Today’s Price range
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Terms of Service apply. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. HOUSTON–(BUSINESS WIRE)–Halliburton Labs introduces Rocsole as the newest participant in its clean energy accelerator. The company will join a collaborative ecosystem that helps early-stage companie…
Halliburton’s stock edges lower as second-quarter revenue falls short of estimates
ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Halliburton stock dips on mixed Q2 results
Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of HAL’s
competitive advantage. The Oil and Gas – Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 43, which puts it in the top 18% of all 250+ industries.
Worries of a second wave in Europe are weighing on the energy market. Here’s why the index’s biggest losers shed roughly a quarter of their value last month. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to etf trading strategies arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.