Halliburton (HAL) Set to Announce Quarterly Earnings on Tuesday

Halliburton (NYSE:HAL) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. The business had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.78 billion. Halliburton had a net margin of 11.46% and a return on equity of 31.59%. Halliburton’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. On average, analysts expect Halliburton to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Halliburton Trading Down 1.4 %

Shares of Halliburton stock opened at $39.10 on Tuesday. The company’s fifty day simple moving average is $37.18 and its 200-day simple moving average is $37.42. The company has a market cap of $34.66 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.99 and a beta of 2.00. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.81. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85.

Halliburton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a $0.17 dividend. This is a boost from Halliburton’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, March 5th. Halliburton’s dividend payout ratio (DPR) is 23.21%.

Insider Buying and Selling

In related news, Director Margaret Katherine Banks sold 5,000 shares of Halliburton stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the transaction, the chief executive officer now directly owns 759,015 shares in the company, valued at approximately $26,793,229.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Margaret Katherine Banks sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the transaction, the director now owns 9,625 shares of the company’s stock, valued at $339,762.50. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Halliburton

Several institutional investors have recently modified their holdings of HAL. Toroso Investments LLC lifted its holdings in shares of Halliburton by 3.3% during the third quarter. Toroso Investments LLC now owns 10,443 shares of the oilfield services company’s stock worth $257,000 after purchasing an additional 334 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Halliburton by 2.0% during the fourth quarter. Baird Financial Group Inc. now owns 20,483 shares of the oilfield services company’s stock worth $806,000 after purchasing an additional 396 shares during the period. Cim Investment Management Inc. lifted its holdings in shares of Halliburton by 5.2% during the first quarter. Cim Investment Management Inc. now owns 8,772 shares of the oilfield services company’s stock worth $278,000 after purchasing an additional 433 shares during the period. Profund Advisors LLC lifted its holdings in shares of Halliburton by 0.6% during the fourth quarter. Profund Advisors LLC now owns 69,971 shares of the oilfield services company’s stock worth $2,529,000 after purchasing an additional 447 shares during the period. Finally, Centaurus Financial Inc. lifted its holdings in shares of Halliburton by 1.5% during the first quarter. Centaurus Financial Inc. now owns 32,233 shares of the oilfield services company’s stock worth $1,020,000 after purchasing an additional 465 shares during the period. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HAL. TD Cowen lifted their price objective on Halliburton from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Royal Bank of Canada reissued an “outperform” rating and set a $45.00 price objective on shares of Halliburton in a report on Wednesday, January 24th. Raymond James cut their price objective on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. StockNews.com cut Halliburton from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Atb Cap Markets cut Halliburton from an “outperform” rating to a “sector perform” rating in a report on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.53.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through 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; and 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.