Halliburton (HAL) Set to Announce Quarterly Earnings on Friday

Halliburton (NYSE:HAL) will be announcing its earnings results before the market opens on Friday, July 19th. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The business had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. On average, analysts expect Halliburton to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Halliburton Price Performance

Halliburton stock opened at $36.36 on Thursday. Halliburton has a 52 week low of $32.60 and a 52 week high of $43.85. The business has a 50-day simple moving average of $34.92 and a 200 day simple moving average of $36.13. The company has a quick ratio of 1.52, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The stock has a market cap of $32.19 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.90 and a beta of 1.93.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.87%. The ex-dividend date was Wednesday, June 5th. Halliburton’s payout ratio is 23.53%.

Wall Street Analyst Weigh In

HAL has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on Halliburton from $46.00 to $48.00 in a report on Tuesday, April 23rd. Piper Sandler cut their price objective on Halliburton from $49.00 to $46.00 and set an “overweight” rating for the company in a report on Monday. UBS Group upped their price objective on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Benchmark reiterated a “buy” rating and issued a $45.00 price objective on shares of Halliburton in a report on Wednesday, April 24th. Finally, Stifel Nicolaus cut their price objective on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.59.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $369,200.00. Following the completion of the transaction, the executive vice president now owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Jill D. Sharp sold 3,346 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the transaction, the senior vice president now owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total value of $369,200.00. Following the completion of the transaction, the executive vice president now directly owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The disclosure for this sale can be found here. Insiders sold 52,287 shares of company stock valued at $1,930,704 in the last 90 days. Insiders own 0.61% of the company’s stock.

About Halliburton

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.