Halliburton (NYSE:HAL) Releases Earnings Results, Beats Estimates By $0.01 EPS

Halliburton (NYSE:HALGet Rating) issued its earnings results on Tuesday. The oilfield services company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01, RTT News reports. Halliburton had a return on equity of 16.76% and a net margin of 9.53%. The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the business earned $0.19 EPS. Halliburton’s quarterly revenue was up 24.1% compared to the same quarter last year.

Shares of HAL stock opened at $41.64 on Tuesday. The company has a market capitalization of $37.50 billion, a P/E ratio of 25.55 and a beta of 2.42. Halliburton has a fifty-two week low of $17.82 and a fifty-two week high of $42.25. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.76 and a current ratio of 2.31. The stock has a 50 day moving average price of $35.94 and a two-hundred day moving average price of $28.97.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 23rd. Investors of record on Wednesday, March 2nd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.15%. This is a positive change from Halliburton’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, March 1st. Halliburton’s dividend payout ratio (DPR) is presently 29.45%.

HAL has been the topic of several recent analyst reports. BMO Capital Markets raised their price objective on Halliburton from $29.00 to $32.00 and gave the company a “market perform” rating in a research note on Tuesday, January 25th. JPMorgan Chase & Co. raised their target price on Halliburton from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, January 25th. Wells Fargo & Company raised their target price on Halliburton from $30.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, March 31st. TheStreet raised Halliburton from a “c” rating to a “b-” rating in a research report on Monday, January 24th. Finally, Susquehanna Bancshares lifted their price objective on Halliburton from $32.00 to $33.00 and gave the stock a “positive” rating in a report on Tuesday, January 25th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Halliburton presently has a consensus rating of “Buy” and an average target price of $31.44.

In related news, CEO Jeffrey Allen Miller sold 33,333 shares of Halliburton stock in a transaction on Tuesday, January 25th. The shares were sold at an average price of $30.00, for a total value of $999,990.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Lance Loeffler sold 24,061 shares of Halliburton stock in a transaction on Tuesday, January 25th. The stock was sold at an average price of $30.00, for a total transaction of $721,830.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 316,272 shares of company stock worth $11,582,682. 0.61% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in HAL. Parametric Portfolio Associates LLC boosted its holdings in shares of Halliburton by 2.2% during the 4th quarter. Parametric Portfolio Associates LLC now owns 3,864,729 shares of the oilfield services company’s stock valued at $88,386,000 after buying an additional 82,753 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Halliburton by 11.3% during the 4th quarter. California State Teachers Retirement System now owns 1,965,390 shares of the oilfield services company’s stock valued at $44,948,000 after buying an additional 199,230 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Halliburton by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,369,602 shares of the oilfield services company’s stock valued at $31,326,000 after buying an additional 29,261 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Halliburton during the 4th quarter valued at $4,267,000. Finally, Metropolitan Life Insurance Co NY boosted its holdings in shares of Halliburton by 15.7% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 104,323 shares of the oilfield services company’s stock valued at $2,386,000 after buying an additional 14,152 shares in the last quarter. 75.98% of the stock is owned by institutional investors.

Halliburton Company Profile (Get Rating)

Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

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Earnings History for Halliburton (NYSE:HAL)

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