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HAL Stock Price Outlook: The Outlook Today Is Not That Great

Hal Stock Price Today: The Outlook Today Is Not That Great

HAL Stock Price Today Trend

Let’s start by looking at Halliburton’s profile.

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company’s Completion and Production segment offer production enhancement services, including stimulation and sand control services; and cementing services, such as well bonding and casing, as well as provides 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, as well as artificial lift services. The company’s Drilling and Evaluation segment provide 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. Full Story

HAL Stock EPS Trend Forecast

HAL’s EPS is set to trend upwards but we fear these estimates were computed before the coronavirus pandemic and before the Russia-Saudi oil price war. EPS could start to increase, we would not be willing to put too much money into this stock until a monthly close above 18.00.

HAL Insider Buying Record

There has been some significant buying activity. Over 1 million shares were purchased over 19 transactions. Normally we would zoom on such transactions, but the oil markets are in the midst of two wars. One war is based on completely drop in demand for oil due to the coronavirus pandemic. The second is a oil price war that is taking place between Saudi, Russia and America.  At this point it’s like trying to catch a falling dagger; a futile process that’s filled with pain and misery. We would rather wait for the dust to settle before jumping in.

HAL Stock Price Trend Forecast

If 4.20 is taken out on a monthly basis, the stock will trade to lows one could never have envisioned in 2020.  After that, the stock will languish between 3.30 and the 5.60 ranges.  If there is going to be any turnaround, the first signal will come from a monthly close above 18.00. Until then all the rallies will fail.

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