Wall Street brokerages predict that Halliburton Company (NYSE:HAL) will announce $0.46 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Halliburton’s earnings, with estimates ranging from $0.40 to $0.50. Halliburton posted earnings of $0.04 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1,050%. The business is expected to announce its next quarterly earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Halliburton will report full year earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.24 to $2.95. For the next year, analysts expect that the firm will report earnings of $3.36 per share, with EPS estimates ranging from $2.31 to $3.90. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Halliburton.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.63 billion. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 earnings per share.
A number of analysts have recently issued reports on the stock. Jefferies Group set a $65.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Barclays set a $66.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Cowen reissued a “hold” rating and issued a $60.00 price objective on shares of Halliburton in a research note on Tuesday, January 23rd. B. Riley increased their price objective on shares of Halliburton from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. set a $60.00 price objective on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $59.59.
Shares of Halliburton (NYSE:HAL) traded up $0.22 during midday trading on Friday, hitting $47.38. 3,693,002 shares of the stock were exchanged, compared to its average volume of 10,285,086. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $41,558.22, a PE ratio of -89.26, a PEG ratio of 2.27 and a beta of 0.97. Halliburton has a 1 year low of $38.18 and a 1 year high of $57.86.
In other Halliburton news, EVP Lawrence J. Pope sold 9,100 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $41.35, for a total transaction of $376,285.00. Following the completion of the transaction, the executive vice president now owns 180,646 shares in the company, valued at $7,469,712.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anne L. Beaty sold 2,937 shares of the stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.57, for a total transaction of $151,461.09. Following the transaction, the vice president now owns 60,839 shares of the company’s stock, valued at approximately $3,137,467.23. The disclosure for this sale can be found here. Insiders have sold 164,507 shares of company stock valued at $8,380,429 in the last quarter. 0.47% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Calton & Associates Inc. bought a new position in Halliburton during the fourth quarter valued at $128,000. Cerebellum GP LLC bought a new stake in shares of Halliburton in the 4th quarter worth about $131,000. YorkBridge Wealth Partners LLC lifted its holdings in shares of Halliburton by 243.3% in the 3rd quarter. YorkBridge Wealth Partners LLC now owns 3,165 shares of the oilfield services company’s stock worth $146,000 after acquiring an additional 2,243 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Halliburton in the 4th quarter worth about $147,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Halliburton in the 3rd quarter worth about $184,000. Institutional investors and hedge funds own 80.61% of the company’s stock.
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Halliburton 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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