Jim Cramer advised to stay away from Halliburton Company (HAL), while the company received a 'Moderate Buy' recommendation from brokerages. Despite the strong
fundamentals, the company's stock underperformed compared with competitors and dropped 8% this year. Halliburton's U.S.
business stumbled, and Barclays trimmed their
target price to $47.00.
Q2 results might drive company prices higher, with institutional investor ownership at 88%. Recently, there has been significant
insider selling. Despite the cyberattack, HAL secured a multi-year contract with
Petrobras. However, this affected its stocks, leading to a lower 2024 outlook. Nonetheless, the company reported a strong earnings growth for Q2 2024 and there is speculation that it could become a multi-bagger. Morgan Stanley sees HAL as a leading stock in a $30 trillion humanoid robot opportunity. Despite a strong show in Q1 earnings, HAL stocks dipped, and it came close to a 52-week low. HAL recently announced a
dividend alongside Q2 earnings and has been deemed a 'Strong Growth Stock' and a 'Top Value Stock'.
Despite meeting Q2 earnings expectations, shares dipped after the announcement. There has also been significant managerial movement regarding share ownership, with various institutions either buying or selling sizeable amounts.
Halliburton Company HAL News Analytics from Thu, 14 Dec 2023 08:00:00 GMT to Sat, 19 Oct 2024 06:35:28 GMT -
Rating -3
- Innovation -5
- Information 7
- Rumor -4
