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Our latest analyst data shows that the future payout ratio of the company is expected to rise to 20% over the next three years. Despite the higher expected payout ratio, the company’s ROE is not expected to change by much. These are four best stocks to buy and watch in today’s stock market, including a Dow Jones leader. Following its May 25 earnings-fueled gap-up, Nvidia shares have been trending consistently higher. Amid a pullback since June 20, the stock is offering another opportunity to buy shares. It formed a trendline entry at 418 after the stock found support at its 21-day exponential moving average.
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The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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It operates through the Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX.
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More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. In recent years, Halliburton’s financial performance has been impacted by the oil and gas industry downturn, which has resulted in lower demand for its services and products.
- Oil companies don’t have what they need to pump more oil.
- The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023.
- The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
- These are established companies that reliably pay dividends.
Halliburton’s profit margins have also been affected by the downturn. However, despite this downturn, Halliburton has been beating earnings-per-share https://g-markets.net/helpful-articles/how-to-trade-the-double-bottom-pattern/ and revenue expectations in most quarters. Halliburton’s valuation metrics suggest the company might be slightly undervalued compared to its peers.
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Since then, HAL stock has decreased by 2.9% and is now trading at $38.19. Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average. Microsoft shares dropped 1.6% Monday, falling sharply for a second straight sessions. Among U.S. exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) was down 0.1%, while the SPDR S&P 500 ETF (SPY) rose 0.2% early Tuesday.
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Halliburton has invested heavily in digitalization, automation and artificial intelligence to improve its services and products. The company is also focused on expanding its global footprint, particularly in emerging markets such as China and India. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.
Halliburton’s stock is owned by a number of institutional and retail investors. 651 employees have rated Halliburton Chief Executive Officer Jeff Miller on Glassdoor.com. Jeff Miller has an approval rating of 63% among the company’s employees. This puts Jeff Miller in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What is Halliburton Co’s stock style?
Plus, HAL info will be updated daily in your Zacks.com Portfolio Tracker – also free. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Halliburton Earnings: Elevated Capacity Utilization Keeps Pricing Power in Favor of Service Firms
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The ex-dividend date of this dividend is Tuesday, June 6th. Treasury yield ticked lower to 3.99%, threatening to add to Monday’s losses. The yield settled Monday at 4.0%, halting a four-day win streak. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Being an easy target, uncertainty, and a declining industry give these three stocks plenty to worry about. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. We have already established that ROE serves as an efficient profit-generating gauge for a company’s future earnings.
Another challenge for Halliburton is the increasing competition in the industry. The company’s primary competitors are investing heavily in research and development and expanding their global footprint, which could impact Halliburton’s market share and profitability. Furthermore, the ongoing geopolitical tensions and trade disputes could also impact the company’s operations, particularly in emerging markets. Additionally, Halliburton has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. The ‘return’ refers to a company’s earnings over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.24 in profit.