Halliburton (NYSE:HAL) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Halliburton (NYSE:HAL) released its earnings results on Thursday. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02), Briefing.com reports. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same quarter in the previous year, the business posted $0.79 EPS. Halliburton’s revenue was down 1.8% on a year-over-year basis.

Halliburton Stock Down 1.1 %

HAL stock opened at $29.22 on Friday. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. The company has a market cap of $25.80 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 2.01 and a beta of 1.89. The firm has a 50-day moving average of $29.10 and a two-hundred day moving average of $32.53.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 annualized dividend and a yield of 2.33%. Halliburton’s dividend payout ratio (DPR) is currently 22.59%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BMO Capital Markets cut their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. Morgan Stanley cut their price objective on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Evercore ISI decreased their target price on Halliburton from $52.00 to $48.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Bank of America reduced their price objective on Halliburton from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Royal Bank of Canada downgraded Halliburton from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $44.00 to $37.00 in a research report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $40.79.

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.