Buy, Sell? What To Make Of It All? Halliburton Company (HAL), PennyMac Mortgage Investment Trust (PMT)

Halliburton Company (NYSE:HAL) sank -4.52% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -33.96% and is now up by 16.03% since start of this year. A look at its monthly performance shows that the stock has recorded a 0.46% gain over the past 30 days. Its equity price dipped by -12.81% over the past three months which led to its overall six-month decrease to stand at -26.47%.

The shares of Halliburton Company (HAL) dropped by -43.84% or -$24.07 from its last recorded high of $54.91 which it attained on May 17 to close at $30.84 per share. Over the past 52 weeks, the shares of Halliburton Company has been trading as low as $24.7 before witnessing a massive surge by 24.86% or $6.14. This price movement has led to the HAL stock receiving more attention and has become one to watch out for. It jumped by 2.12% on Tuesday and this got the market excited. The stock’s beta now stands at 1.23 and when compared to its 200-day moving average and its 50-day moving average, HAL price stands -21.75% below and 3.37% above respectively. Its average daily volatility for this week is 3.26% which is more than the 2.93% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Halliburton Company with most of them predicting a $39.68 price target on a short-term (12 months) basis. The average price target by the analysts will see a 28.66% rise in the stock and would lead to HAL’s market cap to surge to $35.7B. The stock has been rated an average 1.7, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 32 analysts that track Halliburton Company (NYSE:HAL) and find out that 3 of them rated it as a Hold. 29 of the 29 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at HAL technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 50.13 point. Its trading volume has lost -2229117 shares compared to readings over the past three months as it recently exchanged 9440883 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 11670000 shares, and this is 0.81 times the normal volume.

The price of PennyMac Mortgage Investment Trust (NYSE:PMT) currently stands at $20.53 after it went down by $-0.79 or -3.71% and has found a strong support at $20.41 a share. If the PMT price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $20.3 mark would also be bad for the stock as it means that the stock would plunge by 1.12% from its current position. However, if the stock price is able to trade above the resistance point around $20.71, then it could likely surge higher to try and break the upward resistance which stands at $20.9 a share. Its average daily volatility over the past one month stands at 1.15%. The stock has plunged by 0.24% from its 52-weeks high of $20.48 which it reached on Nov. 02, 2019. In general, it is 20.02% above its 52-weeks lowest point which stands at $16.42 and this setback was observed on Jan. 03, 2018.

Analysts have predicted a price target for PennyMac Mortgage Investment Trust (PMT) for 1 year and it stands at an average $20.75/share. This means that it would likely increase by 1.07% from its current position. The current price of the stock has been moving between $20.48 and $20.78. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $19. On the other hand, one analyst is super bullish about the price, setting a target as high as $22.

The PMT stock Stochastic Oscillator (%D) is at 82.39%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.42 which compares to the 8.85 recorded by the industry or the 10.38 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 10.73, which is lower than the 11.64 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -16% over the past five years.

Analysts view PennyMac Mortgage Investment Trust (NYSE:PMT) as a Hold, with 2.7 consensus rating. Reuters surveyed 6 analysts that follow PMT and found that 4 of those analysts rated the stock as a Hold. The remaining 2 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying PennyMac Mortgage Investment Trust (PMT) shares or sell it if they already own it.