Halliburton (NYSE:HAL) Posts Earnings Results, Misses Expectations By $0.01 EPS

Halliburton (NYSE:HAL) announced its quarterly earnings results on Tuesday. The oilfield services company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01), Zacks reports. Halliburton had a return on equity of 26.03% and a net margin of 10.90%.

Halliburton Stock Performance

NYSE:HAL opened at $21.91 on Tuesday. The company’s 50-day moving average is $24.18 and its two-hundred day moving average is $27.02. The firm has a market capitalization of $18.89 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 3.79 and a beta of 1.45. 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 has a 1-year low of $18.72 and a 1-year high of $39.37.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 3.10%. Halliburton’s payout ratio is 24.03%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HAL shares. Barclays cut their price target on Halliburton from $30.00 to $29.00 and set an “equal weight” rating for the company in a research note on Monday, March 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $34.00 target price on shares of Halliburton in a report on Thursday, January 23rd. Stifel Nicolaus reduced their target price on Halliburton from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Evercore ISI lowered their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, January 15th. Finally, Susquehanna lowered their price objective on shares of Halliburton from $35.00 to $32.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Halliburton has an average rating of “Moderate Buy” and an average price target of $36.95.

Insider Buying and Selling at Halliburton

In other news, CFO Eric Carre sold 51,179 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,177,525. This trade represents a 28.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy Mckeon sold 10,497 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the transaction, the vice president now owns 77,784 shares in the company, valued at $1,913,486.40. This represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock worth $5,321,170 over the last quarter. 0.61% of the stock is currently owned by company insiders.

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.