Halliburton (NYSE:HAL) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Halliburton (NYSE:HAL - Get Free Report) released its earnings results on Thursday. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02), Briefing.com reports. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. Halliburton's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 EPS.

Halliburton Stock Performance

Halliburton stock traded down $0.32 during trading on Friday, hitting $29.23. The stock had a trading volume of 9,742,008 shares, compared to its average volume of 8,816,506. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The stock has a market cap of $25.81 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.89. The stock's 50 day moving average is $29.10 and its two-hundred day moving average is $32.53.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.33%. The ex-dividend date was Wednesday, September 4th. Halliburton's dividend payout ratio (DPR) is presently 22.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HAL shares. The Goldman Sachs Group lowered their target price on shares of Halliburton from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Susquehanna reduced their price objective on Halliburton from $42.00 to $40.00 and set a "positive" rating on the stock in a research note on Friday. JPMorgan Chase & Co. lowered their target price on shares of Halliburton from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Monday, July 22nd. Dbs Bank initiated coverage on Halliburton in a research report on Wednesday, September 18th. They set a "buy" rating and a $45.00 target price for the company. Finally, Bank of America dropped their price target on Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $40.79.

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.