Halliburton (HAL) Expected to Announce Quarterly Earnings on Tuesday

Halliburton (NYSE:HAL - Get Free Report) is expected to be releasing its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Halliburton to post earnings of $0.61 per share and revenue of $5.28 billion for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Halliburton Stock Up 0.8 %

Shares of HAL stock traded up $0.17 on Wednesday, reaching $21.42. 10,744,567 shares of the company were exchanged, compared to its average volume of 9,636,834. Halliburton has a one year low of $18.72 and a one year high of $39.37. The company has a market cap of $18.46 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 3.79 and a beta of 1.45. The company has a 50-day moving average of $24.48 and a 200-day moving average of $27.27. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 3.17%. Halliburton's payout ratio is currently 24.03%.

Insider Buying and Selling

In other news, CFO Eric Carre sold 141,206 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the completion of the transaction, the chief financial officer now directly owns 127,101 shares of the company's stock, valued at $3,321,149.13. This represents a 52.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the sale, the vice president now directly owns 77,784 shares in the company, valued at $1,913,486.40. This trade represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 206,782 shares of company stock worth $5,321,170. Insiders own 0.61% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HAL. Griffin Securities lowered Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $34.00 price objective on shares of Halliburton in a research note on Thursday, January 23rd. Barclays reduced their price objective on shares of Halliburton from $30.00 to $29.00 and set an "equal weight" rating for the company in a report on Monday, March 31st. Piper Sandler assumed coverage on shares of Halliburton in a research report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price target on the stock. Finally, Raymond James lowered Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $36.95.

About Halliburton

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.