Halliburton (NYSE:HAL) declared a quarterly dividend on Wednesday, November 7th, RTT News reports. Stockholders of record on Thursday, December 6th will be paid a dividend of 0.18 per share by the oilfield services company on Thursday, December 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.98%.
Halliburton has raised its dividend payment by an average of 4.6% annually over the last three years. Halliburton has a payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Halliburton to earn $2.18 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 33.0%.
Shares of NYSE HAL traded up $0.64 during midday trading on Wednesday, reaching $36.41. The company’s stock had a trading volume of 8,737,656 shares, compared to its average volume of 9,084,555. Halliburton has a 12-month low of $33.73 and a 12-month high of $57.86. The company has a market capitalization of $30.57 billion, a PE ratio of 29.84, a PEG ratio of 0.94 and a beta of 1.07. The company has a quick ratio of 1.73, a current ratio of 2.31 and a debt-to-equity ratio of 1.16.
Halliburton (NYSE:HAL) last announced its earnings results on Monday, October 22nd. The oilfield services company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Halliburton had a return on equity of 20.42% and a net margin of 0.70%. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.10 billion. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. As a group, research analysts expect that Halliburton will post 1.86 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on HAL shares. ValuEngine downgraded Halliburton from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Jefferies Financial Group set a $52.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 24th. Royal Bank of Canada set a $54.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 24th. BMO Capital Markets set a $54.00 price objective on Halliburton and gave the company a “buy” rating in a research note on Tuesday, July 24th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $55.00 price objective on shares of Halliburton in a research note on Monday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Halliburton currently has a consensus rating of “Buy” and an average price target of $51.60.
In other Halliburton news, insider James S. Brown sold 15,989 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $40.53, for a total transaction of $648,034.17. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.54% 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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