The market has been down on Halliburton Company (HAL) stock recently. HAL gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Halliburton Company has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on HAL!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With HAL Stock Today?
Halliburton Company (HAL) stock is flat 0% while the S&P 500 is lower by -0.07% as of 10:29 AM on Wednesday, Sep 8. HAL is flat $0.00 from the previous closing price of $19.91 on volume of 1,238,962 shares. Over the past year the S&P 500 has gained 35.56% while HAL has gained 34.44%. HAL earned $0.16 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 122.1.
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More About Halliburton Company
Halliburton is the world's second-largest oilfield-services company. Building from its origins pioneering oil and gas well cementing in the 1920s, Halliburton has evolved into the premier wellbore engineering company, with leading business lines in cementing, completion equipment, and pressure pumping. It added drilling services as a second key area of focus via its 1998 acquisition of Dresser and today stands second only to industry leader Schlumberger. Owing to its strategic bet on U.S. shale starting nearly two decades ago, Halliburton has played an unparalleled role in facilitating the shale revolution.
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