Halliburton Company (HAL) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Equipment & Services. The stock has been active on the tape, currently trading at $54.37, up from yesterday’s close by 2.64%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Halliburton Company (HAL) currently trades with a market capitalization of $48.01 Billion. That value represents a market adjusting for revenues that have been growing by 34.14 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $1.43 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.58 on a per share basis this quarter. Perhaps, that suggests something about why 0.49% of the outstanding share supply is held by institutional investors.
As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Halliburton Company recorded a 52-week high of $57.86. It is now trading 3.49% off that level. The stock is trading $49.52 its 50-day moving average by -4.85%. The stock carved out a 52-week low down at $38.18.
In recent action, Halliburton Company (HAL) has made a move of +4.54% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 15.08, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.80% with $873.59 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HAL.