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 Stock Performance
NYSE:HAL opened at $29.55 on Friday. 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 fifty-two week low of $17.82 and a fifty-two week high of $43.99. The company has a market cap of $26.80 billion, a price-to-earnings ratio of 18.58 and a beta of 2.15. The stock has a fifty day moving average price of $31.52 and a 200-day moving average price of $34.42.
Halliburton (NYSE:HAL - Get Rating) last announced its quarterly earnings data on Tuesday, July 19th. The oilfield services company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. Halliburton had a return on equity of 19.91% and a net margin of 8.19%. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.71 billion. During the same period in the prior year, the company earned $0.26 EPS. Halliburton's revenue for the quarter was up 36.9% on a year-over-year basis. As a group, equities analysts anticipate that Halliburton will post 2.01 EPS for the current fiscal year.
Halliburton Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Wednesday, June 1st were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.62%. Halliburton's dividend payout ratio is currently 30.19%.
Wall Street Analysts Forecast Growth
HAL has been the topic of a number of recent analyst reports. Barclays boosted their target price on Halliburton from $50.00 to $53.00 and gave the stock an "overweight" rating in a report on Wednesday, June 8th. Morgan Stanley decreased their price objective on Halliburton from $45.00 to $40.00 and set an "overweight" rating on the stock in a report on Wednesday, July 13th. Wells Fargo & Company decreased their price objective on Halliburton from $42.00 to $33.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 20th. Stephens decreased their price objective on Halliburton to $32.00 in a report on Friday, July 22nd. Finally, HSBC raised Halliburton from a "hold" rating to a "buy" rating and upped their price objective for the company from $36.60 to $41.60 in a report on Wednesday, April 27th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $39.53.
Insider Buying and Selling
In other Halliburton news, EVP Lawrence J. Pope sold 10,000 shares of the stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $40.95, for a total value of $409,500.00. Following the completion of the transaction, the executive vice president now directly owns 273,342 shares in the company, valued at $11,193,354.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Halliburton news, insider Joe D. Rainey sold 20,000 shares of the stock in a transaction dated Wednesday, June 8th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lawrence J. Pope sold 10,000 shares of the 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 completion of the transaction, 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 worth $1,663,600 in the last ninety days. 0.57% of the stock is owned by insiders.
