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.
Analysts Set New Price Targets
HAL has been the topic of several analyst reports. The Goldman Sachs Group reduced their price target on shares of Halliburton from $46.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, July 13th. Barclays boosted their price target on Halliburton from $50.00 to $53.00 and gave the stock an "overweight" rating in a report on Wednesday, June 8th. Stephens dropped their price objective on Halliburton to $32.00 in a research report on Friday, July 22nd. Royal Bank of Canada lifted their target price on Halliburton from $45.00 to $49.00 in a research report on Wednesday, April 20th. Finally, HSBC raised shares of Halliburton from a "hold" rating to a "buy" rating and increased their target price for the stock from $36.60 to $41.60 in a report on Wednesday, April 27th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Halliburton currently has an average rating of "Moderate Buy" and a consensus price target of $39.53.
Halliburton Trading Down 0.9 %
Shares of Halliburton stock traded down $0.26 during midday trading on Tuesday, reaching $28.21. The company had a trading volume of 9,041,691 shares, compared to its average volume of 12,307,719. The stock has a fifty day moving average price of $31.02 and a 200 day moving average price of $34.45. Halliburton has a fifty-two week low of $17.82 and a fifty-two week high of $43.99. The firm has a market cap of $25.58 billion, a PE ratio of 17.52 and a beta of 2.16. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.15 and a quick ratio of 1.60.
Halliburton (NYSE:HAL - Get Rating) last issued its quarterly earnings results 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 net margin of 8.19% and a return on equity of 19.91%. The firm had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.71 billion. During the same quarter in the previous year, the company earned $0.26 EPS. The company's revenue for the quarter was up 36.9% on a year-over-year basis. On average, equities analysts anticipate that Halliburton will post 2.01 earnings per share for the current year.
Halliburton Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 1st were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.70%. Halliburton's payout ratio is currently 30.19%.
Insider Transactions at Halliburton
In related news, insider Joe D. Rainey sold 20,000 shares of the company's stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $42.73, for a total transaction of $854,600.00. Following the sale, the insider now owns 310,014 shares in the company, valued at approximately $13,246,898.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Joe D. Rainey sold 20,000 shares of Halliburton 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 sale, the insider now owns 310,014 shares in the company, valued at approximately $13,246,898.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lawrence J. Pope sold 10,000 shares of the business's stock in a transaction 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 transaction, 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. In the last ninety days, insiders sold 40,000 shares of company stock valued at $1,663,600. Corporate insiders own 0.57% of the company's stock.
