Halliburton Company (NYSE:HAL) – Analysts at Jefferies Group decreased their Q4 2017 earnings per share estimates for Halliburton in a report issued on Thursday. Jefferies Group analyst B. Handler now forecasts that the oilfield services company will earn $0.47 per share for the quarter, down from their previous forecast of $0.48. Jefferies Group currently has a “Buy” rating and a $57.00 target price on the stock. Jefferies Group also issued estimates for Halliburton’s FY2019 earnings at $3.10 EPS and FY2020 earnings at $4.80 EPS.
Halliburton (NYSE:HAL) last issued its quarterly earnings data 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. Halliburton had a net margin of 1.13% and a return on equity of 6.93%. The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the previous year, the firm posted $0.01 EPS. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year.
A number of other equities research analysts also recently issued reports on HAL. B. Riley reissued a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. TheStreet raised shares of Halliburton from a “d+” rating to a “c-” rating in a research report on Friday, September 29th. Zacks Investment Research downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $56.00 target price (up previously from $51.00) on shares of Halliburton in a report on Thursday, December 21st. Finally, Loop Capital reaffirmed a “buy” rating and issued a $57.00 target price (down previously from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton has a consensus rating of “Buy” and a consensus target price of $57.36.
Shares of Halliburton (HAL) opened at $52.11 on Monday. Halliburton has a 1 year low of $38.18 and a 1 year high of $58.78. 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 stock has a market cap of $45,470.00, a price-to-earnings ratio of 217.13, a PEG ratio of 3.00 and a beta of 1.03.
Several hedge funds and other institutional investors have recently made changes to their positions in HAL. Comerica Securities Inc. grew its holdings in Halliburton by 0.3% during the 2nd quarter. Comerica Securities Inc. now owns 6,606 shares of the oilfield services company’s stock valued at $282,000 after purchasing an additional 18 shares during the last quarter. Hedeker Wealth LLC grew its holdings in Halliburton by 0.3% during the 2nd quarter. Hedeker Wealth LLC now owns 19,541 shares of the oilfield services company’s stock valued at $834,000 after purchasing an additional 56 shares during the last quarter. Summit Financial Wealth Advisors LLC grew its holdings in Halliburton by 0.8% during the 2nd quarter. Summit Financial Wealth Advisors LLC now owns 13,715 shares of the oilfield services company’s stock valued at $586,000 after purchasing an additional 115 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in Halliburton by 0.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 19,775 shares of the oilfield services company’s stock valued at $845,000 after purchasing an additional 120 shares during the last quarter. Finally, Covington Capital Management grew its holdings in Halliburton by 0.8% during the 2nd quarter. Covington Capital Management now owns 23,814 shares of the oilfield services company’s stock valued at $1,017,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 79.79% of the company’s stock.
In other news, VP Anne L. Beaty sold 2,937 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $51.57, for a total transaction of $151,461.09. Following the sale, the vice president now directly owns 60,839 shares in the company, valued at approximately $3,137,467.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman David J. Lesar sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the chairman now owns 490,143 shares in the company, valued at $21,419,249.10. The disclosure for this sale can be found here. Insiders have sold a total of 141,612 shares of company stock worth $6,556,433 over the last 90 days. Corporate insiders own 0.47% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 7th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Wednesday, December 6th. Halliburton’s dividend payout ratio is 300.00%.
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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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