Halliburton Company (HAL), a leading service provider in the energy sector, has been garnering attention in the stock market. Despite underperforming in comparison to competitors on some days, the stock still yields a compelling proposition, as noted by Jim Cramer, who claims that it's trading at a bargain. In a substantial move,
GSA Capital Partners LLP acquired shares of
Halliburton. Fulfilling its expansion plans, the company has inaugurated new facilities in Namibia. However, the stock took a hit due to falling oil prices and an overall economic slowdown. The Company’s Q3 earnings came in below expectations due to weak activity in North America. Despite recent slumps, analysts remain optimistic, setting a price target of $40.79. Notably, a substantial number of institutional investors have shown faith in the company, owning 88% of the stock.
Halliburton's future gain potential also appears strong, even though the company has faced financial issues as a result of a recent cyberattack. The company recently declared dividends and will soon announce its
2024 Q3 earnings results. However, Halliburton’s quarterly earnings have missed market expectations and investor sentiments are mixed for the same.
Halliburton Company HAL News Analytics from Mon, 22 Apr 2024 07:00:00 GMT to Fri, 15 Nov 2024 22:04:00 GMT -
Rating 2
- Innovation 0
- Information 7
- Rumor -2
