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Halliburton (HAL) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Halliburton (HAL - Free Report) closed at $31.73, marking a -1.89% move from the previous day. This move lagged the S&P 500's daily gain of 0.93%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq added 1.71%.
Prior to today's trading, shares of the provider of drilling services to oil and gas operators had gained 13.04% over the past month. This has outpaced the Oils-Energy sector's gain of 2.37% and the S&P 500's gain of 4.61% in that time.
Investors will be hoping for strength from Halliburton as it approaches its next earnings release. The company is expected to report EPS of $0.75, up 53.06% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.85 billion, up 15.2% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.13 per share and revenue of $23.82 billion. These totals would mark changes of +45.58% and +17.38%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Halliburton. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% higher. Halliburton currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Halliburton has a Forward P/E ratio of 10.32 right now. This valuation marks a discount compared to its industry's average Forward P/E of 14.73.
Also, we should mention that HAL has a PEG ratio of 0.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Field Services industry currently had an average PEG ratio of 0.67 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 218, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow HAL in the coming trading sessions, be sure to utilize Zacks.com.
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Halliburton (HAL) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Halliburton (HAL - Free Report) closed at $31.73, marking a -1.89% move from the previous day. This move lagged the S&P 500's daily gain of 0.93%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq added 1.71%.
Prior to today's trading, shares of the provider of drilling services to oil and gas operators had gained 13.04% over the past month. This has outpaced the Oils-Energy sector's gain of 2.37% and the S&P 500's gain of 4.61% in that time.
Investors will be hoping for strength from Halliburton as it approaches its next earnings release. The company is expected to report EPS of $0.75, up 53.06% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.85 billion, up 15.2% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.13 per share and revenue of $23.82 billion. These totals would mark changes of +45.58% and +17.38%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Halliburton. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% higher. Halliburton currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Halliburton has a Forward P/E ratio of 10.32 right now. This valuation marks a discount compared to its industry's average Forward P/E of 14.73.
Also, we should mention that HAL has a PEG ratio of 0.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Field Services industry currently had an average PEG ratio of 0.67 as of yesterday's close.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 218, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow HAL in the coming trading sessions, be sure to utilize Zacks.com.