Halliburton (NYSE:HAL) Releases Earnings Results

Halliburton (NYSE:HAL) announced its quarterly earnings data on Friday. The oilfield services company reported $0.80 earnings per share for the quarter, hitting the consensus estimate of $0.80, RTT News reports. The company had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. Halliburton’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 EPS.

Halliburton Trading Down 5.6 %

HAL opened at $34.40 on Monday. The firm has a 50 day simple moving average of $34.85 and a 200 day simple moving average of $36.12. Halliburton has a fifty-two week low of $32.60 and a fifty-two week high of $43.85. The company has a market cap of $30.45 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 0.96 and a beta of 1.93. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.52.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 5th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Wednesday, June 5th. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Susquehanna reiterated a “positive” rating and set a $49.00 price target on shares of Halliburton in a research note on Monday, April 8th. Citigroup decreased their target price on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Jefferies Financial Group increased their price target on shares of Halliburton from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Piper Sandler decreased their price objective on Halliburton from $49.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, July 15th. Finally, UBS Group boosted their price target on Halliburton from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.60.

Insider Buying and Selling at Halliburton

In other news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction 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 transaction, the executive vice president now owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Van H. Beckwith sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 283,908 shares of the company’s stock, valued at approximately $10,481,883.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Shannon Slocum sold 38,941 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $36.92, for a total transaction of $1,437,701.72. Following the completion of the sale, the insider now owns 130,783 shares in the company, valued at $4,828,508.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,287 shares of company stock valued at $1,930,704. 0.61% of the stock is currently owned by insiders.

Halliburton Company Profile

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.