NYSE:HAL

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Average dividend payer with moderate growth potential.


Similar Companies

Share Price & News

How has Halliburton's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HAL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.4%

HAL

-8.1%

US Energy Services

-4.2%

US Market


1 Year Return

-37.5%

HAL

-36.2%

US Energy Services

14.0%

US Market

Return vs Industry: HAL underperformed the US Energy Services industry which returned -36.2% over the past year.

Return vs Market: HAL underperformed the US Market which returned 14% over the past year.


Shareholder returns

HALIndustryMarket
7 Day-10.4%-8.1%-4.2%
30 Day-14.2%-13.1%-1.8%
90 Day-4.8%-13.2%2.6%
1 Year-35.5%-37.5%-34.2%-36.2%16.3%14.0%
3 Year-60.3%-62.7%-58.2%-63.7%43.2%34.0%
5 Year-49.2%-53.9%-60.5%-67.2%65.9%47.6%

Price Volatility Vs. Market

How volatile is Halliburton's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

28.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HAL ($19.83) is trading below our estimate of fair value ($27.73)

Significantly Below Fair Value: HAL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HAL is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.

PE vs Market: HAL is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HAL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HAL is overvalued based on its PB Ratio (2.2x) compared to the US Energy Services industry average (0.6x).


Next Steps

Future Growth

How is Halliburton forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?

55.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: HAL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HAL's is expected to become profitable in the next 3 years.

Revenue vs Market: HAL's revenue (1.3% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: HAL's revenue (1.3% 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 low in 3 years time (16.3%).


Next Steps

Past Performance

How has Halliburton performed over the past 5 years?

9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HAL is currently unprofitable.

Growing Profit Margin: HAL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HAL is unprofitable, but has reduced losses over the past 5 years at a rate of 9.7% per year.

Accelerating Growth: Unable to compare HAL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HAL is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-32.9%).


Return on Equity

High ROE: HAL has a negative Return on Equity (-14.07%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Halliburton's financial position?


Financial Position Analysis

Short Term Liabilities: HAL's short term assets ($11.2B) exceed its short term liabilities ($4.9B).

Long Term Liabilities: HAL's short term assets ($11.2B) do not cover its long term liabilities ($12.5B).


Debt to Equity History and Analysis

Debt Level: HAL's debt to equity ratio (128.7%) is considered high.

Reducing Debt: HAL's debt to equity ratio has increased from 47.8% to 128.7% over the past 5 years.


Balance Sheet

Inventory Level: HAL has a high level of physical assets or inventory.

Debt Coverage by Assets: HAL's debt is covered by short term assets (assets are 1.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HAL has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: HAL has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

3.63%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Halliburton before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company3.6%marketbottom25%1.5%markettop25%3.8%industryaverage4.6%forecastin3Years3.7%

Current dividend yield vs market & industry

Notable Dividend: HAL's dividend (3.63%) is higher than the bottom 25% of dividend payers in the US market (1.48%).

High Dividend: HAL's dividend (3.63%) is low compared to the top 25% of dividend payers in the US market (3.77%).


Stability and Growth of Payments

Stable Dividend: HAL's dividends per share have been stable in the past 10 years.

Growing Dividend: HAL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: HAL is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: HAL's dividends in 3 years are forecast to be well covered by earnings (41.2% payout ratio).


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Jeff Miller (55yo)

2.7yrs

Tenure

US$23,078,364

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 ($USD0.00) is below average for companies of similar size in the US market ($USD10.82M).

Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Lance Loeffler
Executive VP & CFO1.3yrsUS$2.60m0.0095% $1.7m
Jeffrey Miller
President2.7yrsUS$23.08m0.075% $13.1m
Charles Geer
Senior VP & Chief Accounting Officer0.2yrsno data0.0052% $903.8k
Lawrence Pope
Executive VP of Administration & Chief Human Resources Officer12.1yrsUS$8.84m0.027% $4.7m
Abu Zeya
Senior Director of Investor Relations0yrsno datano data
Robb Voyles
Executive VP6.1yrsUS$8.85m0.030% $5.2m
Myrtle Jones
Senior Vice President of Tax6.9yrsno data0.0080% $1.4m
Jeffery Spalding
Senior VP & Deputy General Counsel0.9yrsno datano data
Eric Carre
Executive Vice President of Global Business Lines3.8yrsno data0.019% $3.3m
Anne Beaty
Senior Vice President of Finance2.9yrsno data0.0068% $1.2m

2.9yrs

Average Tenure

53.5yo

Average Age

Experienced Management: HAL's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Miller
President2.7yrsUS$23.08m0.075% $13.1m
Murry Gerber
Independent Director8.1yrsUS$417.54k0.0078% $1.4m
Milton Carroll
Independent Director13.2yrsUS$346.28k0.0023% $401.3k
Alan Bennett
Independent Director13.8yrsUS$483.83k0.0031% $540.9k
Nance Dicciani
Independent Director10.6yrsUS$446.09k0.0026% $457.2k
Patricia Hemingway Hall
Independent Director1yrsno datano data
Robert Malone
Lead Independent Director0yrsUS$441.79k0.0042% $736.3k
William Albrecht
Independent Director3.6yrsUS$301.27k0.0018% $317.6k
Abdulaziz Bin Fahd Al-Khayyal
Independent Director5.2yrsUS$308.40kno data
Margaret Banks
Independent Director1yrsno datano data

5.2yrs

Average Tenure

66.5yo

Average Age

Experienced Board: HAL's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 company bio, 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$17.449b
  • Shares outstanding: 879.91m
  • Website: https://www.halliburton.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HALNYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1968
HALSWX (SIX Swiss Exchange)YesCommon SharesCHCHFJan 1968
HALXTRA (XETRA Trading Platform)YesCommon SharesDEEURJan 1968
HALDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1968
HALSNSE (Santiago Stock Exchange)YesCommon SharesCLUSDJan 1968
HAL *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNJan 1968
0R23LSE (London Stock Exchange)YesCommon SharesGBUSDJan 1968
HALWBAG (Wiener Boerse AG)YesCommon SharesATEURJan 1968
HALETLX (Eurotlx)YesCommon SharesITEURJan 1968
HALI34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COM SHSBRBRLAug 2012

Biography

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, and downhole tools; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning. In addition, this segment offers oilfield completion, production, and downstream water and process treatment chemicals and services; and electrical submersible pumps, as well as artificial lift services. The company’s Drilling and Evaluation segment provides drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; and drilling systems and services. It also offers wireline and perforating services, including open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. In addition, this segment provides integrated exploration, drilling, and production software, as well as related professional and data management services; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/24 23:58
End of Day Share Price2020/02/24 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.