Halliburton Story

HAL -- USA Stock  

USD 17.86  0.05  0.28%

With so much uncertainty about the energy space, it is fair to summarize Halliburton against current market trends. As we have suggested previously, Halliburton is beginning its pull down as stakeholders shift to be more bearish due to the increased sector volatility. The returns on investing in Halliburton and the market returns of the last few months appear not related. Sluggish forward indicators of the company may also denote signs of medium-term losses for Halliburton stakeholders. Halliburton is scheduled to announce its earnings today. The next earnings report is expected on the 19th of January 2021. The stock continues to experience an active downward rally.
Published over a month ago
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Should I shadow Halliburton (NYSE:HAL) stakeholders?
The company's average rating is Hold from 20 analysts. Do analysts base this consensus on technical analyses? We know that typical technical analysis utilizes price momentum, patterns, and trends looking at historical prices. It aims to identify signals based on Halliburton market sentiment investors' perception of the future value of Halliburton. Let us look at a few aspects of Halliburton technical analysis. The company has Net Profit Margin of (21.35) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of 10.72 %, which entails that for every 100 dollars of revenue, it generated 0.11 of operating income.
Using predictive technical analysis, we will analyze different prices and returns patterns and diagnose historical swings to determine the real value of Halliburton. In general, we focus on analyzing Halliburton stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Halliburton's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Halliburton's intrinsic value. In addition to deriving basic predictive indicators for Halliburton, we also check how macroeconomic factors affect Halliburton price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.

How does Halliburton Stands against Peers?

Analyzing Halliburton competition or peers my help you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Try to analyze the advantages of investing in traded instruments related to Halliburton across multiple sectors and thematic ideas. A good competitive analysis can cover a lot of different areas. But what areas to choose depends on who you are. The more exhaustive you are in your analysis, the more effective your competitive analysis will be.
Check out Halliburton Competition Details

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Halliburton, but it might be worth checking our own buy vs. sell analysis

Closer look at Halliburton Mean Deviation

Halliburton has current Mean Deviation of 2.24. The mean deviation of the equity instrument is the first measure of the distances between each value of security historical prices and the mean. It gives us an idea of how spread out from the center the distribution of returns.

Mean Deviation is the average of the absolute values of the differences between price distribution numbers and their mean. Mean deviation of equity instrument with a lot of historical data is a biased estimator because the time horizon used in calculation will always be much smaller than the entire price history of the equity. The mean deviation is typically used as a measure of dispersion for small investment horizon, otherwise standard deviation is a better measure of dispersion.

Mean Deviation 
SUM = Summation notation
RET DEV = Sum of return deviations of Halliburton
N = Number of calculation points for selected time horizon
Let's now compare Halliburton Mean Deviation to its closest peers:

Is Halliburton getting crazy?

New Jensen Alpha is up to 0.02. Price may pull down again. Halliburton shows above-average downside volatility for the selected time horizon. We advise investors to inspect Halliburton further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Halliburton future alpha.

Our Conclusion on Halliburton

While few other entities in the oil & gas equipment & services industry are either recovering or due for a correction, Halliburton may not be performing as strong as the other in terms of long-term growth potentials. To conclude, as of the 19th of October 2020, our analysis shows that Halliburton slowly supersedes the market. The company is fairly valued and projects below average chance of financial distress for the next 2 years. However, our overall 30 days 'Buy-vs-Sell' recommendation on the company is Strong Sell.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Halliburton. Please refer to our Terms of Use for any information regarding our disclosure principles.

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