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

Halliburton (NYSE:HAL) released its quarterly earnings data on Wednesday. The oilfield services company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.03), Zacks reports. Halliburton had a net margin of 11.04% and a return on equity of 28.33%.

Halliburton Stock Performance

Shares of Halliburton stock opened at $29.50 on Wednesday. The company has a 50 day moving average of $28.94 and a 200-day moving average of $30.08. The company has a market cap of $25.92 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 3.76 and a beta of 1.91. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. Halliburton has a 1-year low of $25.51 and a 1-year high of $41.56.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.30%. Halliburton’s payout ratio is 23.69%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Evercore ISI reduced their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Morgan Stanley cut their price objective on shares of Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Bank of America decreased their target price 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. Finally, Susquehanna cut their price target on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average price target of $38.26.

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.