Halliburton (NYSE:HAL) Announces Quarterly Earnings Results

Halliburton (NYSE:HAL) released its quarterly earnings data on Thursday. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02), Briefing.com reports. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company earned $0.79 EPS.

Halliburton Stock Performance

NYSE:HAL traded down $0.32 during midday trading on Friday, hitting $29.23. The company’s stock had a trading volume of 9,477,764 shares, compared to its average volume of 8,046,279. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. The firm has a market cap of $25.81 billion, a P/E ratio of 9.64, a P/E/G ratio of 1.85 and a beta of 1.89. The firm’s 50 day moving average is $29.17 and its 200-day moving average is $32.62.

Halliburton Announces Dividend

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

Analysts Set New Price Targets

HAL has been the subject of several research analyst reports. Stifel Nicolaus cut their price target on Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 11th. Barclays lowered their price objective on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday. Royal Bank of Canada lowered Halliburton from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $44.00 to $37.00 in a research report on Friday, September 13th. Susquehanna decreased their price objective on Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group cut their target price on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Four 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 MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $40.79.

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.