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HAL

HalliburtonNYSE:HAL Stock Report

Market Cap

US$19.3b

7D

-8.9%

1Y

20.1%

Updated

01 Dec, 2021

Data

Company Financials +
HAL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance2/6
Financial Health2/6
Dividends2/6

HAL Stock Overview

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide.

Halliburton Competitors

Baker Hughes

NYSE:BKR

US$24.2b

ChampionX

NasdaqGS:CHX

US$4.1b

TechnipFMC

NYSE:FTI

US$2.6b

Liberty Oilfield Services

NYSE:LBRT

US$1.7b

Price History & Performance

Summary of all time highs, changes and price drops for Halliburton
Historical stock prices
Current Share PriceUS$21.15
52 Week HighUS$26.75
52 Week LowUS$16.78
Beta2.77
1 Month Change-17.32%
3 Month Change3.37%
1 Year Change20.10%
3 Year Change-32.73%
5 Year Change-60.50%
Change since IPO97.32%

Recent News & Updates

Oct 19

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.

Oct 18
Calculating The Fair Value Of Halliburton Company (NYSE:HAL)

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...

Oct 01

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.

Shareholder Returns

HALUS Energy ServicesUS Market
7D-8.9%-8.5%-4.9%
1Y20.1%20.5%17.8%

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.

Price Volatility

Is HAL's price volatile compared to industry and market?
HAL volatility
HAL Average Weekly Movement5.7%
Energy Services Industry Average Movement7.6%
Market Average Movement6.0%
10% most volatile stocks in US Market15.1%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
191940,000Jeff Millerhttps://www.halliburton.com

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

How do Halliburton's earnings and revenue compare to its market cap?
HAL fundamental statistics
Market CapUS$19.33b
Earnings (TTM)US$398.00m
Revenue (TTM)US$14.26b

47.6x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HAL income statement (TTM)
RevenueUS$14.26b
Cost of RevenueUS$13.46b
Gross ProfitUS$791.00m
ExpensesUS$393.00m
EarningsUS$398.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 24, 2022

Earnings per share (EPS)0.44
Gross Margin5.55%
Net Profit Margin2.79%
Debt/Equity Ratio160.5%

How did HAL perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

40%

Payout Ratio

Does HAL pay a reliable dividends?

See HAL dividend history and benchmarks
When do you need to buy HAL by to receive an upcoming dividend?
Halliburton dividend dates
Ex Dividend DateDec 08 2021
Dividend Pay DateDec 22 2021
Days until Ex dividend6 days
Days until Dividend pay date20 days

Does HAL pay a reliable dividends?

See HAL dividend history and benchmarks

Valuation

Is Halliburton undervalued compared to its fair value and its price relative to the market?

>50%

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).


Future Growth

How is Halliburton forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?

45.1%

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%)


Past Performance

How has Halliburton performed over the past 5 years?

14.3%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Halliburton current dividend yield, its reliability and sustainability?

0.85%

Current Dividend Yield


Upcoming Dividend Payment

TodayDec 02 2021Ex Dividend DateDec 08 2021Dividend Pay DateDec 22 202114 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Jeff Miller (57 yo)

4.42yrs

Tenure

US$22,319,385

Compensation

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.


Leadership Team

Experienced Management: HAL's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: HAL's board of directors are considered experienced (5.3 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Halliburton Company's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Halliburton Company
  • 3000 North Sam Houston Parkway East
  • Houston
  • Texas
  • 77032
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 23:53
End of Day Share Price2021/12/01 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.