Halliburton (NYSE:HAL) Issues Earnings Results

Halliburton (NYSE:HAL) released its quarterly earnings data on Thursday. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02), Briefing.com reports. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. 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 company earned $0.79 EPS. The business’s revenue was down 1.8% on a year-over-year basis.

Halliburton Stock Down 1.4 %

HAL traded down $0.42 during trading hours on Friday, hitting $29.13. 6,241,506 shares of the company’s stock were exchanged, compared to its average volume of 8,031,365. 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 12-month low of $27.26 and a 12-month high of $41.56. The firm has a market cap 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. The firm has a 50 day moving average of $29.17 and a 200 day moving average of $32.62.

Halliburton Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Piper Sandler cut their price objective on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Dbs Bank assumed coverage on Halliburton in a research note on Wednesday, September 18th. They set a “buy” rating and a $45.00 price objective for the company. Bank of America reduced their target price on shares of Halliburton from $40.00 to $38.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, UBS Group lowered their target price on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently 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.