Halliburton (HAL) to Release Quarterly Earnings on Tuesday

Halliburton (NYSE:HAL - Get Free Report) will be announcing its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Halliburton (NYSE:HAL - Get Free Report) last issued its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.06. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The firm's quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts expect Halliburton to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Halliburton Stock Down 1.7 %

NYSE:HAL traded down $0.66 during mid-day trading on Tuesday, reaching $38.44. The stock had a trading volume of 6,329,923 shares, compared to its average volume of 7,169,122. The business's 50 day moving average is $37.25 and its 200 day moving average is $37.40. Halliburton has a fifty-two week low of $27.84 and a fifty-two week high of $43.85. The stock has a market cap of $34.07 billion, a P/E ratio of 13.12, a PEG ratio of 0.99 and a beta of 2.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.06 and a quick ratio of 1.48.

Halliburton Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.77%. This is a boost from Halliburton's previous quarterly dividend of $0.16. Halliburton's dividend payout ratio is presently 23.21%.

Insider Activity at Halliburton

In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares of the company's stock, valued at approximately $26,793,229.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the transaction, the chief executive officer now directly owns 759,015 shares of the company's stock, valued at approximately $26,793,229.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Margaret Katherine Banks sold 5,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the transaction, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Institutional Trading of Halliburton

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wesbanco Bank Inc. grew its holdings in shares of Halliburton by 19.2% during the fourth quarter. Wesbanco Bank Inc. now owns 135,322 shares of the oilfield services company's stock valued at $4,892,000 after buying an additional 21,832 shares during the last quarter. Burford Brothers Inc. acquired a new stake in Halliburton in the fourth quarter valued at approximately $262,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Halliburton by 138.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 252,373 shares of the oilfield services company's stock valued at $9,122,000 after purchasing an additional 146,363 shares during the period. Childress Capital Advisors LLC purchased a new position in shares of Halliburton in the fourth quarter valued at approximately $253,000. Finally, GSA Capital Partners LLP purchased a new position in Halliburton during the fourth quarter worth approximately $507,000. Institutional investors own 85.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. TD Cowen raised their target price on Halliburton from $49.00 to $51.00 and gave the company an "outperform" rating in a research note on Wednesday, January 24th. Atb Cap Markets lowered Halliburton from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 22nd. Royal Bank of Canada restated an "outperform" rating and issued a $45.00 price target on shares of Halliburton in a research note on Wednesday, January 24th. Susquehanna restated a "positive" rating and issued a $49.00 price target on shares of Halliburton in a research note on Monday, April 8th. Finally, UBS Group upped their target price on Halliburton from $44.00 to $48.00 in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $48.53.

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.