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Halliburton (HAL) Gains But Lags Market: What You Should Know
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Halliburton (HAL - Free Report) closed at $21.63 in the latest trading session, marking a +0.37% move from the prior day. The stock lagged the S&P 500's daily gain of 1.05%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq added 1.66%.
Heading into today, shares of the provider of drilling services to oil and gas operators had lost 16.78% over the past month, lagging the Oils-Energy sector's loss of 1.5% and the S&P 500's loss of 0.08% in that time.
Investors will be hoping for strength from HAL as it approaches its next earnings release, which is expected to be July 22, 2019. In that report, analysts expect HAL to post earnings of $0.29 per share. This would mark a year-over-year decline of 50%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.97 billion, down 2.84% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.39 per share and revenue of $24.37 billion, which would represent changes of -26.84% and +1.55%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for HAL. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% lower. HAL is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, HAL is holding a Forward P/E ratio of 15.59. Its industry sports an average Forward P/E of 16.83, so we one might conclude that HAL is trading at a discount comparatively.
Investors should also note that HAL has a PEG ratio of 1.17 right now. 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. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 1.7 based on yesterday's closing prices.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 144, putting it in the bottom 44% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Halliburton (HAL) Gains But Lags Market: What You Should Know
Halliburton (HAL - Free Report) closed at $21.63 in the latest trading session, marking a +0.37% move from the prior day. The stock lagged the S&P 500's daily gain of 1.05%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq added 1.66%.
Heading into today, shares of the provider of drilling services to oil and gas operators had lost 16.78% over the past month, lagging the Oils-Energy sector's loss of 1.5% and the S&P 500's loss of 0.08% in that time.
Investors will be hoping for strength from HAL as it approaches its next earnings release, which is expected to be July 22, 2019. In that report, analysts expect HAL to post earnings of $0.29 per share. This would mark a year-over-year decline of 50%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.97 billion, down 2.84% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.39 per share and revenue of $24.37 billion, which would represent changes of -26.84% and +1.55%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for HAL. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% lower. HAL is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, HAL is holding a Forward P/E ratio of 15.59. Its industry sports an average Forward P/E of 16.83, so we one might conclude that HAL is trading at a discount comparatively.
Investors should also note that HAL has a PEG ratio of 1.17 right now. 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. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 1.7 based on yesterday's closing prices.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 144, putting it in the bottom 44% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.