Halliburton (NYSE:HAL) Issues Quarterly Earnings Results

Halliburton (NYSE:HAL) issued its earnings results on Thursday. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same period last year, the business posted $0.79 EPS. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year.

Halliburton Trading Down 1.4 %

Shares of NYSE:HAL traded down $0.42 on Friday, reaching $29.13. 6,241,506 shares of the company traded hands, compared to its average volume of 8,031,365. The business’s 50-day simple moving average is $29.17 and its 200 day simple moving average is $32.62. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. Halliburton has a 52 week low of $27.26 and a 52 week high of $41.56. The stock has a market capitalization of $25.72 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 1.85 and a beta of 1.89.

Halliburton Announces Dividend

The firm 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 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is presently 22.59%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HAL. Royal Bank of Canada downgraded shares of Halliburton from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $44.00 to $37.00 in a report on Friday, September 13th. UBS Group reduced their price objective on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Bank of America reduced their price objective on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Dbs Bank began coverage on shares of Halliburton in a research report on Wednesday, September 18th. They issued a “buy” rating and a $45.00 target price for the company. Finally, The Goldman Sachs Group reduced their target price on shares of Halliburton from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.