Halliburton (HAL) Projected to Post Earnings on Tuesday

Halliburton (NYSE:HAL) will likely be releasing its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Halliburton to post earnings of $0.61 per share and revenue of $5.28 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Halliburton Stock Up 5.0 %

Shares of HAL opened at $22.51 on Monday. The business’s 50 day simple moving average is $24.26 and its 200-day simple moving average is $27.09. Halliburton has a one year low of $18.72 and a one year high of $39.37. The company has a market capitalization of $19.40 billion, a P/E ratio of 7.95, 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton’s dividend payout ratio is currently 24.03%.

Analyst Ratings Changes

HAL has been the subject of a number of research analyst reports. Evercore ISI cut their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group dropped their target price on shares of Halliburton from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Finally, Susquehanna decreased their price objective on Halliburton from $35.00 to $32.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.95.

Insider Buying and Selling

In other Halliburton news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the transaction, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Eric Carre sold 141,206 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This trade represents a 52.63 % 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 valued at $5,321,170 in the last 90 days. 0.61% of the stock is owned by insiders.

About Halliburton

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.