Halliburton Company (NYSE:HAL) – Research analysts at Seaport Global Securities reduced their Q1 2018 earnings per share (EPS) estimates for shares of Halliburton in a report released on Tuesday. Seaport Global Securities analyst M. Urban now forecasts that the oilfield services company will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.50. Seaport Global Securities also issued estimates for Halliburton’s Q2 2018 earnings at $0.57 EPS and FY2018 earnings at $2.57 EPS.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.63 billion. During the same quarter in the prior year, the firm earned $0.04 EPS. Halliburton’s quarterly revenue was up 47.7% on a year-over-year basis.
Several other research analysts have also recently commented on HAL. B. Riley restated a “buy” rating on shares of Halliburton in a research report on Wednesday, November 1st. Atlantic Securities upgraded shares of Halliburton from an “underweight” rating to a “neutral” rating in a research report on Monday, January 29th. Jefferies Group set a $65.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. BMO Capital Markets restated a “buy” rating and issued a $58.00 target price on shares of Halliburton in a research report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. set a $60.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $59.59.
Halliburton (NYSE:HAL) opened at $48.45 on Thursday. Halliburton has a 1 year low of $38.18 and a 1 year high of $57.86. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.25. The company has a market cap of $41,234.50, a PE ratio of -91.42, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Tuesday, March 6th. Halliburton’s dividend payout ratio is presently -135.85%.
In related news, EVP Lawrence J. Pope sold 9,100 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $41.35, for a total transaction of $376,285.00. Following the completion of the sale, the executive vice president now directly owns 180,646 shares of the company’s stock, valued at $7,469,712.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Allen Miller sold 29,025 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $55.00, for a total transaction of $1,596,375.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,507 shares of company stock valued at $8,380,429. Company insiders own 0.46% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Halliburton by 3.9% during the fourth quarter. BlackRock Inc. now owns 63,837,947 shares of the oilfield services company’s stock valued at $3,119,761,000 after purchasing an additional 2,421,658 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Halliburton by 9.1% in the 3rd 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 in the last quarter. Macquarie Group Ltd. lifted its position in shares of Halliburton by 2.5% in the 3rd quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock valued at $733,325,000 after acquiring an additional 384,565 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Halliburton by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,570,534 shares of the oilfield services company’s stock valued at $578,622,000 after acquiring an additional 500,982 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Halliburton by 1.5% in the 4th quarter. Jennison Associates LLC now owns 8,857,279 shares of the oilfield services company’s stock valued at $432,855,000 after acquiring an additional 130,567 shares in the last quarter. 80.61% of the stock is owned by institutional investors and hedge funds.
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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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