Breaking The Old 52 Week Low, Halliburton Company (NYSE:HAL) Closing Trading At $22.97

Halliburton Company (NYSE:HAL)

May 24th, 2019

Halliburton Company fell ($0.54) Friday which equals a 2.30% drop, closing at $22.97. As well as the drop in value, Halliburton Company hit a new 52 week low of $22.87, breaking the previous low of $23.03 from earlier this month.

HAL was outperformed by the rest of the Energy sector which went up 0.15%.

Halliburton Company is listed on the S&P 500 index, and was one of 211 stocks that fell today. Weighted by market cap, HAL represents about 0.08% of the S&P 500.

Expectations from 31 analysts suggest that Halliburton Company could rise significantly (61.54%), while Finbox has calculated (with medium uncertainty) a fair value price of $28.75.

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending up. Financials saw the biggest increase of the day (0.77%), while the Consumer Staples sector saw the biggest drop (-0.40%). Information Technology has seen the biggest year-to-date gain of 17.86%.

Financials saw the biggest turn-around compared to its 5-day performance (-1.60%), as it went up by 0.77%. Utilities saw a turn-around from its 5-day performance of 2.37% trading down -0.21%.

Sector Breakdown

  • Financials, up 0.77%.
  • Materials, up 0.50%.
  • Real Estate, up 0.15%.
  • Energy, up 0.15%.
  • Consumer Discretionary, up 0.14%.
  • Healthcare, up 0.12%.
  • Industrials, up 0.05%.
  • Information Technology, up 0.05%.
  • Communication Services, up 0.01%.
  • Utilities, down -0.21%.
  • Consumer Staples, down -0.40%.

Halliburton Company Info

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company’s Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment. It also provides completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger and sand control systems, and service tools; production solutions comprising coiled tubing, hydraulic workover units, and downhole tools; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning. In addition, this segment offers oilfield completion, production, and downstream water and process treatment chemicals and services; and electrical submersible pumps and progressive cavity pumps, as well as artificial lift services. The company’s Drilling and Evaluation segment provides drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; and drilling systems and services. It also offers wireline and perforating services, including open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. In addition, this segment provides integrated exploration, drilling, and production software, as well as related professional and data management services; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management, consulting, integrated asset management, and well control and prevention services. Halliburton Company was founded in 1919 and is headquartered in Houston, Texas.

All amounts in USD unless otherwise indicated

HAL daily update
HAL daily update

Photo by Eric Ward on Unsplash

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