The oil field services provider has yet again experienced a downfall on the index following a decline in the crude oil prices.
Halliburton Company had been experiencing a much better time on the stock index until recently, when the oil digging firm was seen going down following the dreaded decline in the crude oil price value. In the start of the new financial year, the oil company witnessed a lot of strength in the value of the shares despite the up and down stance adopted by the oil prices. However, around a week back, the price of crude oil fell by a massive difference that left no choice for the oil field services providing firm but to have its shares see a dip as well. It is not a hidden fact that the shares of the oil giant has an unavoidable connection with the fluctuating value of crude oil and this has been shown quite evidently in recent times.
On the other hand, analysts who have been looking at Halliburton stock closely are now shifting their opinions from overly bullish to bullish in the researches being made by them. Furthermore, the oil digging company has been reflecting some positive factors, which is why it is being seen in a bullish manner by the analysts. First of all, the fact that the firm has the dividend rate set at a value of 1.6 percent is showing signs that are not being ignored by the analysts and according to them, this shows that the value of the firm stands currently at quite a high rate.
Moreover, the market cap value of the oil company has last been recorded at a value of $36.69 billion while on the other hand, the enterprise value of the firm stands at a massive evaluation coming around at $42.80 billion. The price to sales ratio has been reported to the industry at 1.14 while the price to book ratio has been much higher, coming around at 2.37.
The price to earnings ratio, on the other hand, was last seen at 23 and where the EPS is concerned, the estimations of the analysts and equity firms are around 32.4 percent for the upcoming year. As long as the cash returns are concerned, the firm has a strong return on assets at 9.59 percent.
On the other hand, the bearish view of Halliburton is also something that cannot be ignored by the investors. Currently, the oil firm receives around $2.36 billion in the form of revenue whereas currently, the debt that the company is in stands at around $7.84 billion. This has made around twenty-five equity firms grant a ‘buy’ rating to the oil company.
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