Halliburton Company (NYSE:HAL) released its earnings results on Monday, July 24th. The oilfield services company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05, Morningstar.com reports. The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.86 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. Halliburton’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.14) EPS.
Shares of Halliburton (NYSE:HAL) traded up 0.78% during trading on Friday, hitting $38.99. The stock had a trading volume of 8,868,248 shares. The stock’s market cap is $33.98 billion. Halliburton has a 12-month low of $38.18 and a 12-month high of $58.78. The stock’s 50-day moving average is $42.27 and its 200-day moving average is $47.14.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 6th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. Halliburton’s dividend payout ratio (DPR) is presently -423.50%.
A number of brokerages recently commented on HAL. Cowen and Company decreased their target price on Halliburton from $59.00 to $54.00 and set a “market perform” rating for the company in a report on Wednesday, April 26th. Jefferies Group LLC set a $69.00 target price on Halliburton and gave the company a “buy” rating in a report on Monday, April 24th. BMO Capital Markets set a $65.00 target price on Halliburton and gave the company a “buy” rating in a report on Monday, April 24th. Deutsche Bank AG reduced their price target on Halliburton from $64.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, April 25th. Finally, Seaport Global Securities raised Halliburton from a “neutral” rating to a “buy” rating and upped their price target for the stock from $43.00 to $50.00 in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $59.60.
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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