Halliburton (NYSE:HAL) posted its quarterly earnings data on Monday. The oilfield services company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03, MarketWatch Earnings reports. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.21 billion. Halliburton had a positive return on equity of 11.10% and a negative net margin of 26.60%. The firm’s quarterly revenue was down 37.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share.
Shares of Halliburton stock traded down $0.46 on Wednesday, reaching $20.08. The company’s stock had a trading volume of 727,473 shares, compared to its average volume of 12,707,796. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.85. Halliburton has a 52 week low of $4.25 and a 52 week high of $24.51. The company has a market capitalization of $17.75 billion, a price-to-earnings ratio of -4.03, a P/E/G ratio of 2.22 and a beta of 2.81. The firm’s fifty day simple moving average is $19.69 and its two-hundred day simple moving average is $15.54.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 23rd. Shareholders of record on Thursday, December 3rd were issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Wednesday, December 2nd. Halliburton’s payout ratio is 14.52%.
In other news, insider Myrtle L. Jones sold 4,449 shares of the business’s stock in a transaction dated Tuesday, January 5th. The stock was sold at an average price of $20.00, for a total value of $88,980.00. Also, EVP Eric Carre sold 2,350 shares of the business’s stock in a transaction dated Friday, January 8th. The shares were sold at an average price of $20.68, for a total value of $48,598.00. Following the completion of the transaction, the executive vice president now owns 173,320 shares in the company, valued at $3,584,257.60. The disclosure for this sale can be found here. Insiders sold 56,463 shares of company stock valued at $1,126,388 in the last ninety days. 0.48% of the stock is currently owned by corporate insiders.
Several research firms have recently commented on HAL. Bank of America upgraded Halliburton from a “neutral” rating to a “buy” rating in a report on Wednesday, December 16th. Cowen boosted their price objective on Halliburton from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday. Credit Suisse Group upped their price target on Halliburton from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday. Royal Bank of Canada reaffirmed a “buy” rating and set a $23.00 price target on shares of Halliburton in a research report on Wednesday. Finally, Morgan Stanley increased their price objective on Halliburton from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.53.
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as well bonding and casing, as well as provides casing equipment.
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