Halliburton (NYSE:HAL) – Analysts at Seaport Global Securities lifted their Q2 2018 earnings estimates for shares of Halliburton in a note issued to investors on Tuesday, April 24th. Seaport Global Securities analyst M. Urban now anticipates that the oilfield services company will post earnings per share of $0.59 for the quarter, up from their previous forecast of $0.57. Seaport Global Securities also issued estimates for Halliburton’s Q3 2018 earnings at $0.76 EPS, Q1 2019 earnings at $0.77 EPS and Q2 2019 earnings at $0.90 EPS.
Halliburton (NYSE:HAL) last issued its quarterly earnings data on Monday, April 23rd. The oilfield services company reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Halliburton had a positive return on equity of 15.87% and a negative net margin of 1.74%. The firm’s quarterly revenue was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS.
Several other analysts have also recently weighed in on HAL. Jefferies Group set a $57.00 price target on Halliburton and gave the company a “buy” rating in a report on Thursday, January 4th. Zacks Investment Research cut Halliburton from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Cowen set a $55.00 price target on Halliburton and gave the company a “hold” rating in a report on Thursday, January 11th. BMO Capital Markets reaffirmed a “buy” rating and issued a $58.00 price target on shares of Halliburton in a report on Tuesday, January 16th. Finally, Guggenheim raised Halliburton from a “neutral” rating to a “buy” rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $58.71.
Shares of HAL opened at $51.75 on Thursday. Halliburton has a 52-week low of $38.18 and a 52-week high of $57.86. The stock has a market cap of $44,944.12, a P/E ratio of 42.42, a P/E/G ratio of 2.62 and a beta of 1.06. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.72 and a current ratio of 2.22.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 6th. This represents a $0.72 annualized dividend and a yield of 1.39%. Halliburton’s payout ratio is 59.02%.
A number of institutional investors and hedge funds have recently bought and sold shares of HAL. Sanders Capital LLC bought a new position in Halliburton during the 4th quarter worth approximately $163,920,000. Beutel Goodman & Co Ltd. bought a new position in Halliburton during the 4th quarter worth approximately $118,644,000. BlackRock Inc. grew its position in Halliburton by 3.9% during the 4th quarter. BlackRock Inc. now owns 63,837,947 shares of the oilfield services company’s stock worth $3,119,761,000 after acquiring an additional 2,421,658 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in Halliburton during the 4th quarter worth approximately $105,979,000. Finally, Mackenzie Financial Corp grew its position in Halliburton by 409.5% during the 4th quarter. Mackenzie Financial Corp now owns 2,203,182 shares of the oilfield services company’s stock worth $107,670,000 after acquiring an additional 1,770,781 shares during the last quarter. Institutional investors and hedge funds own 80.25% of the company’s stock.
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Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.
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