Halliburton Company Expected to Earn Q1 2018 Earnings of $0.42 Per Share (HAL)

Halliburton Company (NYSE:HAL) – Seaport Global Securities lifted their Q1 2018 EPS estimates for Halliburton in a research report issued on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Urban now anticipates that the oilfield services company will earn $0.42 per share for the quarter, up from their previous estimate of $0.41. Seaport Global Securities has a “Buy” rating and a $50.00 price target on the stock. Seaport Global Securities also issued estimates for Halliburton’s Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.43 EPS and FY2018 earnings at $1.70 EPS.

HAL has been the subject of several other reports. Loop Capital reaffirmed a “buy” rating and issued a $57.00 price objective (down from $62.00) on shares of Halliburton in a research note on Tuesday, October 24th. ValuEngine downgraded Halliburton from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Scotiabank reiterated a “buy” rating and issued a $52.00 target price on shares of Halliburton in a report on Wednesday, October 25th. J P Morgan Chase & Co reduced their target price on Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, September 12th. Finally, Cowen and Company set a $50.00 target price on Halliburton and gave the company a “hold” rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Halliburton presently has an average rating of “Buy” and an average price target of $57.55.

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Shares of Halliburton (NYSE:HAL) opened at $44.58 on Wednesday. Halliburton has a 1-year low of $38.18 and a 1-year high of $58.78. The company has a market capitalization of $38,897.88, a P/E ratio of 61.07, a PEG ratio of 4.82 and a beta of 1.05. The company has a quick ratio of 1.67, a current ratio of 2.20 and a debt-to-equity ratio of 1.13.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The firm had revenue of $5.44 billion during the quarter, compared to analysts’ expectations of $5.35 billion. Halliburton had a return on equity of 6.93% and a net margin of 1.13%. The business’s revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Wednesday, December 6th. Halliburton’s dividend payout ratio (DPR) is presently 300.01%.

In other news, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total value of $2,185,000.00. Following the transaction, the chairman now directly owns 490,143 shares of the company’s stock, valued at $21,419,249.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lawrence J. Pope sold 43,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $39.66, for a total transaction of $1,705,380.00. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Halliburton by 2.2% during the second quarter. Vanguard Group Inc. now owns 59,770,447 shares of the oilfield services company’s stock valued at $2,552,795,000 after acquiring an additional 1,267,141 shares during the period. BlackRock Inc. boosted its holdings in Halliburton by 7.6% during the second quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock valued at $2,382,809,000 after acquiring an additional 3,955,245 shares during the period. Capital World Investors boosted its holdings in Halliburton by 0.7% during the second quarter. Capital World Investors now owns 47,713,255 shares of the oilfield services company’s stock valued at $2,037,833,000 after acquiring an additional 320,362 shares during the period. Wellington Management Group LLP boosted its holdings in Halliburton by 1.1% during the first quarter. Wellington Management Group LLP now owns 20,413,182 shares of the oilfield services company’s stock valued at $1,004,532,000 after acquiring an additional 227,704 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in Halliburton by 9.1% during the third quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock valued at $784,822,000 after acquiring an additional 1,427,985 shares during the period. Institutional investors own 79.35% of the company’s stock.

About Halliburton

Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.

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Earnings History and Estimates for Halliburton (NYSE:HAL)

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