HAL Stock Overview
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$21.15|
|52 Week High||US$26.75|
|52 Week Low||US$16.78|
|1 Month Change||-17.32%|
|3 Month Change||3.37%|
|1 Year Change||20.10%|
|3 Year Change||-32.73%|
|5 Year Change||-60.50%|
|Change since IPO||97.32%|
Recent News & Updates
Halliburton: Solid Earnings But The Stock Is Overbought
Halliburton posted $3.860 billion in revenue for the third quarter of 2021, in line with expectations. Halliburton Chief Executive Officer Jeff Miller sees "a multi-year upcycle unfolding. Structural global commodity tightness drives increased demand for our services, both internationally and in North America". Halliburton shares touched a two-and-a-half-year high of $26.68 in yesterday's trading. Time to take profits.
Calculating The Fair Value Of Halliburton Company (NYSE:HAL)
In this article we are going to estimate the intrinsic value of Halliburton Company ( NYSE:HAL ) by taking the forecast...
Halliburton Can Offer A 30% Return Within The Next 2 Years
The stock of HAL has nearly doubled in the last 12 months. However, the company is only in the early stages of a multi-year recovery. HAL is trading at only 10.6 times its expected earnings in 2023. As a result, it can offer a 30% return within the next two years.
|HAL||US Energy Services||US Market|
Return vs Industry: HAL matched the US Energy Services industry which returned 20.5% over the past year.
Return vs Market: HAL exceeded the US Market which returned 17.8% over the past year.
|HAL Average Weekly Movement||5.7%|
|Energy Services Industry Average Movement||7.6%|
|Market Average Movement||6.0%|
|10% most volatile stocks in US Market||15.1%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: HAL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: HAL's weekly volatility (6%) has been stable over the past year.
About the Company
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company’s Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as well bonding and casing, as well as provides casing equipment. It also provides completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger and sand control systems, and service tools; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, pumping services, and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.
Halliburton Fundamentals Summary
|HAL fundamental statistics|
Is HAL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HAL income statement (TTM)|
|Cost of Revenue||US$13.46b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 24, 2022
|Earnings per share (EPS)||0.44|
|Net Profit Margin||2.79%|
How did HAL perform over the long term?See historical performance and comparison
0.9%Current Dividend Yield
Does HAL pay a reliable dividends?See HAL dividend history and benchmarks
|Halliburton dividend dates|
|Ex Dividend Date||Dec 08 2021|
|Dividend Pay Date||Dec 22 2021|
|Days until Ex dividend||6 days|
|Days until Dividend pay date||20 days|
Does HAL pay a reliable dividends?See HAL dividend history and benchmarks
Is Halliburton undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HAL ($21.15) is trading below our estimate of fair value ($43.65)
Significantly Below Fair Value: HAL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HAL is poor value based on its PE Ratio (47.6x) compared to the US Energy Services industry average (27.9x).
PE vs Market: HAL is poor value based on its PE Ratio (47.6x) compared to the US market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: HAL is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: HAL is overvalued based on its PB Ratio (3.3x) compared to the US Energy Services industry average (1x).
How is Halliburton forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HAL's forecast earnings growth (45.1% per year) is above the savings rate (2%).
Earnings vs Market: HAL's earnings (45.1% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HAL's revenue (11.6% per year) is forecast to grow faster than the US market (10.1% per year).
High Growth Revenue: HAL's revenue (11.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HAL's Return on Equity is forecast to be high in 3 years time (23.2%)
How has Halliburton performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HAL has a large one-off loss of $299.0M impacting its September 30 2021 financial results.
Growing Profit Margin: HAL became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HAL has become profitable over the past 5 years, growing earnings by 14.3% per year.
Accelerating Growth: HAL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HAL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-3.2%).
Return on Equity
High ROE: HAL's Return on Equity (7.3%) is considered low.
How is Halliburton's financial position?
Financial Position Analysis
Short Term Liabilities: HAL's short term assets ($9.4B) exceed its short term liabilities ($3.9B).
Long Term Liabilities: HAL's short term assets ($9.4B) do not cover its long term liabilities ($11.4B).
Debt to Equity History and Analysis
Debt Level: HAL's net debt to equity ratio (114.2%) is considered high.
Reducing Debt: HAL's debt to equity ratio has increased from 126.7% to 160.5% over the past 5 years.
Debt Coverage: HAL's debt is well covered by operating cash flow (20.4%).
Interest Coverage: HAL's interest payments on its debt are not well covered by EBIT (3x coverage).
What is Halliburton current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: HAL's dividend (0.85%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: HAL's dividend (0.85%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: HAL's dividend payments have been volatile in the past 10 years.
Growing Dividend: HAL's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.3%), HAL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HAL's dividends in 3 years are forecast to be thoroughly covered by earnings (10.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Miller (57 yo)
Mr. Jeffrey Allen Miller, also known as Jeff, has been the President of Halliburton Company since August 1, 2014 and its Chief Executive Officer since June 1, 2017. Mr. Miller serves as Chairman of the boa...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD22.32M) is above average for companies of similar size in the US market ($USD11.11M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Experienced Management: HAL's management team is considered experienced (3 years average tenure).
Experienced Board: HAL's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HAL insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Halliburton Company's employee growth, exchange listings and data sources
- Name: Halliburton Company
- Ticker: HAL
- Exchange: NYSE
- Founded: 1919
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Market Cap: US$19.326b
- Shares outstanding: 895.12m
- Website: https://www.halliburton.com
Number of Employees
- Halliburton Company
- 3000 North Sam Houston Parkway East
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/01 23:53|
|End of Day Share Price||2021/12/01 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.