Price Over Earnings Overview: Halliburton
Portfolio Pulse from Benzinga Insights
Halliburton Inc. (NYSE:HAL) is trading at $27.86, down 1.38% today. Over the past month, the stock fell by 6.92%, and by 29.18% over the past year. Its P/E ratio of 9.39 is lower than the industry average of 28.86, suggesting potential undervaluation or weak growth prospects.
October 28, 2024 | 8:01 pm
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Halliburton's stock is down 1.38% today and has decreased by 6.92% over the past month and 29.18% over the past year. Its P/E ratio of 9.39 is significantly lower than the industry average of 28.86, which could indicate undervaluation or weak growth prospects.
The significant drop in Halliburton's stock price over the past year and its low P/E ratio compared to industry peers suggest that investors might perceive the stock as having weak growth prospects. This perception could lead to further short-term price declines.
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