Halliburton Company (NYSE:HAL) – Research analysts at Jefferies Group decreased their FY2018 earnings per share (EPS) estimates for shares of Halliburton in a report issued on Tuesday. Jefferies Group analyst B. Handler now expects that the oilfield services company will post earnings of $2.20 per share for the year, down from their previous estimate of $3.45. Jefferies Group currently has a “Buy” rating and a $69.00 price target on the stock. Jefferies Group also issued estimates for Halliburton’s FY2019 earnings at $4.00 EPS and FY2020 earnings at $5.65 EPS.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a negative net margin of 0.86% and a positive return on equity of 2.97%. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.14) earnings per share. WARNING: This report was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.com-unik.info/2017/07/27/halliburton-company-nysehal-forecasted-to-post-fy2018-earnings-of-2-20-per-share.html.
A number of other equities research analysts also recently weighed in on HAL. Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 price target on shares of Halliburton in a report on Monday, April 3rd. BMO Capital Markets set a $67.00 price target on shares of Halliburton and gave the company a “buy” rating in a report on Wednesday, April 12th. HSBC Holdings plc initiated coverage on shares of Halliburton in a report on Wednesday, April 19th. They issued a “buy” rating and a $65.00 price target for the company. Deutsche Bank AG cut their price target on shares of Halliburton from $64.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, April 25th. Finally, Cowen and Company cut their price target on shares of Halliburton from $59.00 to $54.00 and set a “market perform” rating for the company in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $59.16.
Halliburton (NYSE HAL) traded down 0.48% on Thursday, reaching $43.11. 6,326,421 shares of the company were exchanged. Halliburton has a 52 week low of $40.12 and a 52 week high of $58.78. The stock has a 50-day moving average price of $43.40 and a 200 day moving average price of $48.85. The stock’s market capitalization is $37.41 billion.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 1.66%. Halliburton’s dividend payout ratio is currently -423.50%.
In related news, Director William E. Albrecht acquired 8,000 shares of the company’s stock in a transaction on Monday, May 15th. The stock was purchased at an average cost of $46.33 per share, for a total transaction of $370,640.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $370,640. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.46% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Halliburton during the first quarter worth $100,000. Perigon Wealth Management LLC boosted its position in Halliburton by 0.8% in the first quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock valued at $101,000 after buying an additional 17 shares in the last quarter. Ledyard National Bank boosted its position in Halliburton by 6.5% in the second quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock valued at $106,000 after buying an additional 150 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in Halliburton by 87.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock valued at $116,000 after buying an additional 1,266 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in Halliburton by 1.2% in the first quarter. Tradewinds Capital Management LLC now owns 2,879 shares of the oilfield services company’s stock valued at $142,000 after buying an additional 35 shares in the last quarter. Institutional investors own 79.74% of the company’s stock.
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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