Halliburton (NYSE:HAL) Releases Earnings Results, Beats Expectations By $0.03 EPS

Halliburton (NYSE:HAL) announced its quarterly earnings results on Monday. The oilfield services company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03, MarketWatch Earnings reports. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Halliburton had a positive return on equity of 11.10% and a negative net margin of 26.60%. Halliburton’s revenue was down 37.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS.

Shares of NYSE HAL traded down $0.46 during trading hours on Wednesday, hitting $20.08. The company had a trading volume of 727,473 shares, compared to its average volume of 12,707,796. The stock has a market capitalization of $17.75 billion, a P/E ratio of -4.03, a price-to-earnings-growth ratio of 2.22 and a beta of 2.81. 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 1-year low of $4.25 and a 1-year high of $24.51. The firm’s 50 day moving average is $19.69 and its 200-day moving average is $15.54.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 23rd. Stockholders of record on Thursday, December 3rd were issued a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Wednesday, December 2nd. Halliburton’s payout ratio is presently 14.52%.

A number of analysts have recently commented on the company. Exane BNP Paribas assumed coverage on Halliburton in a research note on Monday, October 12th. They issued an “underperform” rating and a $11.50 price target for the company. Bank of America raised Halliburton from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 16th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised Halliburton from a “neutral” rating to a “buy” rating and increased their target price for the stock from $13.50 to $24.00 in a research note on Tuesday, December 15th. Smith Barney Citigroup raised Halliburton from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 15th. Finally, HSBC cut Halliburton from a “hold” rating to a “reduce” rating and set a $14.20 target price for the company. in a research note on Thursday, December 10th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.53.

In other Halliburton news, insider Myrtle L. Jones sold 4,449 shares of the firm’s stock in a transaction on Tuesday, January 5th. The stock was sold at an average price of $20.00, for a total transaction of $88,980.00. Also, EVP Eric Carre sold 49,664 shares of the firm’s stock in a transaction on Wednesday, December 9th. The shares were sold at an average price of $19.91, for a total value of $988,810.24. Following the sale, the executive vice president now directly owns 176,661 shares of the company’s stock, valued at approximately $3,517,320.51. The disclosure for this sale can be found here. In the last three months, insiders sold 56,463 shares of company stock valued at $1,126,388. 0.48% of the stock is currently owned by insiders.

Halliburton Company Profile

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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Earnings History for Halliburton (NYSE:HAL)

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