Halliburton Company (NYSE:HAL) – Capital One Financial Corporation lifted their Q4 2017 earnings per share (EPS) estimates for shares of Halliburton in a research note issued to investors on Monday, according to Zacks Investment Research. Capital One Financial Corporation analyst L. Lemoine now forecasts that the oilfield services company will post earnings per share of $0.46 for the quarter, up from their previous forecast of $0.43. Capital One Financial Corporation also issued estimates for Halliburton’s FY2018 earnings at $2.19 EPS.
A number of other equities research analysts have also recently issued reports on HAL. BidaskClub raised shares of Halliburton from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Seaport Global Securities raised shares of Halliburton from a “neutral” rating to a “buy” rating and upped their target price for the company from $43.00 to $50.00 in a report on Thursday, July 20th. Zacks Investment Research raised shares of Halliburton from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Royal Bank of Canada reissued a “buy” rating and issued a $60.00 price target on shares of Halliburton in a report on Thursday, July 20th. Finally, ValuEngine raised shares of Halliburton from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Halliburton has a consensus rating of “Buy” and a consensus target price of $57.55.
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Shares of Halliburton (NYSE HAL) opened at $44.58 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. The company has a market cap of $38,897.88, a PE ratio of 61.07, a price-to-earnings-growth ratio of 4.82 and a beta of 1.05. Halliburton has a 52-week low of $38.18 and a 52-week high of $58.78.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, October 23rd. The oilfield services company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The company had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.35 billion. During the same quarter in the previous year, the business earned $0.01 EPS. The firm’s revenue was up 42.0% on a year-over-year basis.
A number of large investors have recently modified their holdings of HAL. Sumitomo Mitsui Financial Group Inc. purchased a new position in Halliburton in the 1st quarter worth approximately $100,000. Perigon Wealth Management LLC grew its stake in Halliburton by 0.8% in the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after buying an additional 17 shares in the last quarter. Ledyard National Bank grew its stake in Halliburton by 6.5% in the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after buying an additional 150 shares in the last quarter. Bbva Compass Bancshares Inc. grew its stake in Halliburton by 5.0% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after buying an additional 128 shares in the last quarter. Finally, Independent Portfolio Consultants Inc. grew its stake in Halliburton by 87.6% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after buying an additional 1,266 shares in the last quarter. 79.35% of the stock is owned by institutional investors.
In related news, EVP Lawrence J. Pope sold 43,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total transaction of $1,705,380.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $43.70, for a total transaction of $2,185,000.00. Following the transaction, the chairman now directly owns 490,143 shares of the company’s stock, valued at approximately $21,419,249.10. The disclosure for this sale can be found here. Insiders own 0.46% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, December 6th. Halliburton’s dividend payout ratio is 300.01%.
Halliburton Company Profile
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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