Halliburton (HAL) to Release Quarterly 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

Halliburton Stock Up 0.9 %

Shares of NYSE:HAL opened at $21.25 on Tuesday. The firm has a fifty day moving average of $24.57 and a 200 day moving average of $27.31. Halliburton has a 52-week low of $18.72 and a 52-week high of $40.17. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The firm has a market capitalization of $18.32 billion, a PE ratio of 7.51, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton’s payout ratio is currently 24.03%.

Insiders Place Their Bets

In other news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total value of $3,689,712.78. Following the sale, the chief financial officer now directly owns 127,101 shares of the company’s stock, valued at $3,321,149.13. This represents a 52.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy Mckeon sold 10,497 shares of the 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 completion of the transaction, the vice president now owns 77,784 shares of the company’s stock, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,782 shares of company stock worth $5,321,170. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

HAL has been the subject of several research reports. Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Susquehanna reduced their price objective on Halliburton from $35.00 to $32.00 and set a “positive” rating on the stock in a research note on Monday. Finally, Stifel Nicolaus lowered 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. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $36.95.

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.