Halliburton (NYSE:HAL) Issues Quarterly Earnings Results

Halliburton (NYSE:HAL) issued its quarterly earnings results on Monday. The oilfield services company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03), RTT News reports. Halliburton had a net margin of 5.58% and a return on equity of 13.76%. The firm had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.82 billion. During the same period in the prior year, the firm earned $0.50 EPS. Halliburton’s revenue for the quarter was down 10.1% compared to the same quarter last year.

Shares of HAL opened at $18.43 on Monday. The company’s fifty day moving average is $19.27 and its 200 day moving average is $22.85. Halliburton has a fifty-two week low of $16.97 and a fifty-two week high of $38.86. The stock has a market capitalization of $16.21 billion, a PE ratio of 9.70, a P/E/G ratio of 2.29 and a beta of 1.37. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.59 and a current ratio of 2.26.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.91%. The ex-dividend date was Tuesday, September 3rd. Halliburton’s dividend payout ratio is presently 37.89%.

In other Halliburton news, Director William E. Albrecht purchased 8,000 shares of Halliburton stock in a transaction that occurred on Thursday, September 12th. The shares were bought at an average price of $19.35 per share, for a total transaction of $154,800.00. Following the completion of the transaction, the director now owns 16,000 shares of the company’s stock, valued at approximately $309,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

Several research firms have recently issued reports on HAL. Citigroup reduced their price objective on shares of Halliburton from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday. Barclays cut shares of Halliburton from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $31.00 to $23.00 in a research report on Monday, September 16th. Wells Fargo & Co reiterated a “buy” rating on shares of Halliburton in a research report on Friday, October 11th. Bank of America reduced their price objective on shares of Halliburton from $24.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Credit Suisse Group reduced their price objective on shares of Halliburton from $33.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 23rd. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Halliburton has an average rating of “Buy” and a consensus target price of $35.57.

About Halliburton

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 bonding the well, well casing, and casing equipment.

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Earnings History for Halliburton (NYSE:HAL)

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