Halliburton (HAL) to Release Earnings on Thursday

Halliburton (NYSE:HAL - Get Free Report) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect Halliburton to post earnings of $0.76 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Halliburton Trading Up 0.2 %

Shares of HAL stock traded up $0.05 during trading hours on Thursday, hitting $27.74. The company had a trading volume of 7,111,848 shares, compared to its average volume of 7,925,241. The company's fifty day moving average is $29.40 and its 200 day moving average is $32.94. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. Halliburton has a fifty-two week low of $27.26 and a fifty-two week high of $41.56. The stock has a market capitalization of $24.49 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 1.86 and a beta of 1.88.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.45%. Halliburton's dividend payout ratio (DPR) is presently 23.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada lowered shares of Halliburton from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $44.00 to $37.00 in a report on Friday, September 13th. Wells Fargo & Company reduced their target price on shares of Halliburton from $46.00 to $39.00 and set an "overweight" rating on the stock in a report on Wednesday, September 25th. StockNews.com lowered shares of Halliburton from a "buy" rating to a "hold" rating in a report on Wednesday, July 3rd. Susquehanna reduced their target price on shares of Halliburton from $46.00 to $42.00 and set a "positive" rating on the stock in a report on Friday, October 11th. Finally, UBS Group reduced their target price on shares of Halliburton from $41.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Four analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.74.

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.