Among the S&P 500’s biggest fallers on Friday September 27 was Halliburton Company (HAL). The stock experienced a 2.8% decline to $18.73 with 14.43 million shares changing hands.
Halliburton Company started at an opening price of 19.04 and hit a high of $19.48 and a low of $18.59. Ultimately, the stock took a hit and finished the day at $0.54 per share. Halliburton Company trades an average of n/a shares a day out of a total 875.93 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Halliburton Company hit a high of $42.57 and a low of $16.97 over the last year.
Halliburton Co 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.
With its headquarters located in Houston, TX, Halliburton Company employs 60,000 people. After today’s trading, the company’s market cap has fallen to $16.41 billion, a P/S of n/a, a P/B of 1.73, and a P/FCF of n/a.
For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.
The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.
