Hal Stock News Today

Halliburton stock (NYSE: HAL), an energy company organized into the exploration, development, and production of oil and natural gas, is scheduled to report its fiscal ...

We expect HAL’s stock to likely trade higher with revenues and earnings beating market expectations in its fourth quarter.

The stock is expected to continue its strong upward momentum in the coming days, derivatives analyst at SAMCO Securities Ashwin Ramani tells ETMarkets. On technical charts, HAL has been moving in higher highs and higher lows since November 23, 2023, he said.

With todays gains the stock has seen an unbeaten run for five sessions in a row gaining over 15%. The price action was supported by strong volumes with 41.31 lakh shares trading on the NSE around 3:10 pm.

In Q2 2023, HAL’s North American revenue fell 2% quarter-over-quarter to $2.7 billion, driven primarily by decreased stimulation activity in U.S. land drilling.

Technically, the stocks day RSI (14) is at 51.5. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. The day MACD (12, 26, 9) is at 37.2, which is above its Center Line, but below the signal line.

The board of directors of the company had declared a final dividend of Rs 15 per equity share of Rs 10 each fully paid up (150 percent) for the financial year 2022-23.

Halliburton stock (NYSE: HAL), an energy company organized into the exploration, development, and production of oil and natural gas, is scheduled to report its fiscal ...