Halliburton Company provides products and services to the energy industry worldwide. It operates in 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; 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; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning. This segment also provides electrical submersible pumps, as well as artificial lift services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; oilfield completion, production, and downstream water and process treatment chemicals and services; drilling systems and services; wireline and perforating services consists of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.
Analyst Ratings Changes
HAL has been the topic of a number of recent analyst reports. TheStreet downgraded shares of Halliburton from a "b-" rating to a "c+" rating in a research report on Wednesday, April 27th. Wells Fargo & Company lowered their target price on shares of Halliburton from $42.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 20th. HSBC raised shares of Halliburton from a "hold" rating to a "buy" rating and lifted their target price for the company from $36.60 to $41.60 in a report on Wednesday, April 27th. StockNews.com downgraded shares of Halliburton from a "buy" rating to a "hold" rating in a report on Thursday, April 28th. Finally, Bank of America lifted their target price on shares of Halliburton from $45.00 to $47.00 and gave the company a "buy" rating in a report on Wednesday, April 20th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $39.53.
Halliburton Price Performance
HAL traded down $0.02 during midday trading on Friday, reaching $29.55. 8,558,277 shares of the company's stock were exchanged, compared to its average volume of 9,806,354. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.15 and a quick ratio of 1.60. The stock has a market capitalization of $26.80 billion, a PE ratio of 18.58 and a beta of 2.15. The business's 50-day moving average price is $31.27 and its 200 day moving average price is $34.44. Halliburton has a 1-year low of $17.82 and a 1-year high of $43.99.
Halliburton (NYSE:HAL - Get Rating) last posted its quarterly earnings data on Tuesday, July 19th. The oilfield services company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $4.71 billion. Halliburton had a net margin of 8.19% and a return on equity of 19.91%. The company's revenue was up 36.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, equities analysts anticipate that Halliburton will post 2.01 EPS for the current fiscal year.
Halliburton Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 1st were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Tuesday, May 31st. Halliburton's dividend payout ratio is presently 30.19%.
Insider Activity
In other news, insider Joe D. Rainey sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $42.73, for a total value of $854,600.00. Following the completion of the transaction, the insider now owns 310,014 shares of the company's stock, valued at $13,246,898.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Joe D. Rainey sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $42.73, for a total value of $854,600.00. Following the completion of the sale, the insider now directly owns 310,014 shares in the company, valued at $13,246,898.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lawrence J. Pope sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $40.95, for a total transaction of $409,500.00. Following the completion of the sale, the executive vice president now owns 273,342 shares of the company's stock, valued at $11,193,354.90. The disclosure for this sale can be found here. Insiders sold a total of 40,000 shares of company stock valued at $1,663,600 over the last 90 days. Insiders own 0.57% of the company's stock.
