Halliburton (NYSE:HAL) Announces Earnings Results

Halliburton (NYSE:HAL - Get Free Report) announced its earnings results on Tuesday. The oilfield services company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60, Zacks reports. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.28 billion.

Halliburton Price Performance

Shares of NYSE:HAL traded down $0.35 during midday trading on Friday, hitting $20.86. The company's stock had a trading volume of 11,003,499 shares, compared to its average volume of 9,918,817. The company has a market cap of $17.98 billion, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. Halliburton has a 12-month low of $18.72 and a 12-month high of $38.91. The business's 50 day simple moving average is $23.86 and its 200 day simple moving average is $26.87. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Wednesday, March 5th. Halliburton's dividend payout ratio (DPR) is 28.45%.

Analysts Set New Price Targets

HAL has been the topic of a number of recent analyst reports. Benchmark reduced their price objective on shares of Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. Raymond James cut Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Wells Fargo & Company reduced their target price on Halliburton from $29.00 to $27.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Citigroup lowered their target price on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Halliburton currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.68.

Insider Activity at Halliburton

In other news, CFO Eric Carre sold 141,206 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was 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 approximately $3,321,149.13. The trade was a 52.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Margaret Katherine Banks sold 3,900 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the completion of the sale, the director now directly owns 10,551 shares in the company, valued at approximately $253,646.04. This trade represents a 26.99 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 206,782 shares of company stock valued at $5,321,170. Corporate insiders own 0.61% of the company's stock.

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.