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.
Halliburton Price Performance
NYSE:HAL traded up $1.11 on Thursday, hitting $29.52. The stock had a trading volume of 359,348 shares, compared to its average volume of 9,985,386. The firm has a 50-day moving average of $31.75 and a 200-day moving average of $34.42. The company has a market capitalization of $26.77 billion, a price-to-earnings ratio of 17.87 and a beta of 2.15. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.60 and a current ratio of 2.15. Halliburton has a 52-week low of $17.82 and a 52-week high of $43.99.
Halliburton (NYSE:HAL - Get Rating) last issued its quarterly earnings data on Tuesday, July 19th. The oilfield services company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. Halliburton had a return on equity of 19.91% and a net margin of 8.19%. The company had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter last year, the business posted $0.26 earnings per share. The firm's revenue was up 36.9% compared to the same quarter last year. Equities analysts expect that Halliburton will post 2.01 EPS for the current year.
Halliburton Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Wednesday, June 1st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Tuesday, May 31st. Halliburton's payout ratio is 30.19%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on HAL shares. TheStreet cut Halliburton from a "b-" rating to a "c+" rating in a research note on Wednesday, April 27th. Bank of America boosted their target price on shares of Halliburton from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Wednesday, April 20th. Susquehanna Bancshares raised their price target on shares of Halliburton from $45.00 to $48.00 in a research note on Wednesday, April 20th. Citigroup lifted their price target on shares of Halliburton from $44.00 to $48.00 and gave the stock a "buy" rating in a report on Wednesday, April 20th. Finally, Royal Bank of Canada raised their target price on Halliburton from $45.00 to $49.00 in a research report on Wednesday, April 20th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $39.53.
Insider Buying and Selling
In other Halliburton news, insider Joe D. Rainey sold 20,000 shares of Halliburton stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $42.73, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Joe D. Rainey sold 20,000 shares of the company's stock in a transaction 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 directly owns 310,014 shares in the company, valued at $13,246,898.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lawrence J. Pope sold 10,000 shares of the firm's stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $40.95, for a total value of $409,500.00. Following the sale, the executive vice president now owns 273,342 shares in the company, valued at approximately $11,193,354.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,000 shares of company stock worth $1,663,600. Insiders own 0.57% of the company's stock.
