Halliburton Company (NYSE:HAL) – Equities researchers at Capital One Financial Corp. dropped their Q2 2017 EPS estimates for shares of Halliburton Company in a note issued to investors on Monday. Capital One Financial Corp. analyst L. Lemoine now expects that the firm will post earnings of $0.22 per share for the quarter, down from their previous forecast of $0.31. Capital One Financial Corp. also issued estimates for Halliburton Company’s FY2018 earnings at $2.96 EPS.
Other equities research analysts also recently issued reports about the company. Credit Suisse Group AG reiterated an “outperform” rating and issued a $60.00 target price (down from $62.00) on shares of Halliburton Company in a research report on Tuesday, January 24th. Scotiabank upgraded Halliburton Company to a “buy” rating and set a $62.00 target price on the stock in a research report on Thursday, December 15th. Citigroup Inc decreased their target price on Halliburton Company from $65.00 to $63.00 and set a “buy” rating on the stock in a research report on Wednesday, January 25th. FBR & Co boosted their target price on Halliburton Company from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Finally, Vetr upgraded Halliburton Company from a “buy” rating to a “strong-buy” rating and set a $62.72 target price on the stock in a research report on Monday, February 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $59.29.
Shares of Halliburton Company (NYSE:HAL) opened at 47.78 on Tuesday. The company’s market capitalization is $41.42 billion. Halliburton Company has a 12 month low of $33.26 and a 12 month high of $58.78. The stock has a 50 day moving average price of $52.84 and a 200-day moving average price of $50.70.
Halliburton Company (NYSE:HAL) last issued its quarterly earnings data on Monday, January 23rd. The oilfield services company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.06 billion. Halliburton Company had a negative return on equity of 0.15% and a negative net margin of 36.28%. The business’s quarterly revenue was down 20.9% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS.
Hedge funds have recently made changes to their positions in the stock. Independent Advisor Alliance bought a new stake in shares of Halliburton Company during the fourth quarter valued at about $101,000. Israel Discount Bank of New York GFN bought a new stake in shares of Halliburton Company during the fourth quarter valued at about $100,000. Sowell Financial Services LLC bought a new stake in shares of Halliburton Company during the fourth quarter valued at about $117,000. IndexIQ Advisors LLC boosted its stake in shares of Halliburton Company by 114.4% in the third quarter. IndexIQ Advisors LLC now owns 2,388 shares of the oilfield services company’s stock valued at $107,000 after buying an additional 1,274 shares during the period. Finally, FTB Advisors Inc. boosted its stake in shares of Halliburton Company by 31.5% in the third quarter. FTB Advisors Inc. now owns 2,430 shares of the oilfield services company’s stock valued at $116,000 after buying an additional 582 shares during the period. 79.50% of the stock is currently owned by institutional investors and hedge funds.
In other Halliburton Company news, EVP Eric Carre sold 8,529 shares of the stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $56.05, for a total transaction of $478,050.45. Following the sale, the executive vice president now owns 161,614 shares of the company’s stock, valued at approximately $9,058,464.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Jeffrey Allen Miller sold 3,166 shares of the stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $56.19, for a total value of $177,897.54. Following the sale, the president now directly owns 301,188 shares in the company, valued at approximately $16,923,753.72. The disclosure for this sale can be found here. Insiders have sold a total of 16,687 shares of company stock worth $941,485 in the last ninety days. Insiders own 0.46% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 1st were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, February 27th. This represents a $0.72 annualized dividend and a yield of 1.51%. Halliburton Company’s dividend payout ratio (DPR) is presently -10.75%.
Halliburton Company Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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