Halliburton (NYSE:HAL) Releases Quarterly Earnings Results

Halliburton (NYSE:HAL) posted its quarterly earnings results on Thursday. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02), Briefing.com reports. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. During the same period in the prior year, the business earned $0.79 EPS. Halliburton’s revenue for the quarter was down 1.8% on a year-over-year basis.

Halliburton Stock Down 1.1 %

Shares of NYSE HAL opened at $29.22 on Friday. The stock has a market capitalization of $25.80 billion, a PE ratio of 9.71, a P/E/G ratio of 2.01 and a beta of 1.89. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The firm has a fifty day moving average of $29.10 and a 200-day moving average of $32.53. Halliburton has a 52-week low of $27.26 and a 52-week high of $41.56.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Wednesday, September 4th. Halliburton’s dividend payout ratio is currently 22.59%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Susquehanna dropped their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a report on Friday. Evercore ISI decreased their target price on Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Johnson Rice upgraded shares of Halliburton to a “moderate buy” rating in a research note on Friday, July 19th. BMO Capital Markets lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Thursday, October 10th. Finally, Barclays reduced their target price on Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.79.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.