Halliburton Co. (HAL) remains a strong performer in a volatile energy market despite missed Q3 earnings and revenue estimates. The company announced a Q4 2024 dividend payment of $0.17 per share and maintains a consistent 3-year revenue growth rate of 15.90%. There's potential for a 42% undervaluation of HAL stock, indicating a significant upside. The total inventories for Halliburton stand at $3,194 Million as of September 2024 and a reported short interest decrease of 6.2% in October. While Halliburton's stock has stumbled following a drop in oil prices and a challenging Q3 impacted by cybersecurity issues, it has remained resilient with international growth ahead. HAL still heavily features in the portfolios of institutional investors, a vote of confidence in the long term outlook of the company. Morgan Stanley has predicted a giant leap in the future of this energy company based on its technological edge. Despite a drop in stocks and lowered expectations for Halliburton, there are strong indications that the company’s fundamentals remain solid and that it may ride the wave of recovery.
Halliburton Company HAL News Analytics from Mon, 10 Jun 2024 07:00:00 GMT to Fri, 22 Nov 2024 10:42:25 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor 4
