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
Several brokerages have commented on HAL. Bank of America raised their target price on shares of Halliburton from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Wednesday, April 20th. Morgan Stanley decreased their price target on shares of Halliburton from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 13th. Stephens decreased their price target on shares of Halliburton to $32.00 in a report on Friday, July 22nd. The Goldman Sachs Group decreased their price target on shares of Halliburton from $46.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, July 13th. Finally, Barclays raised their price target on shares of Halliburton from $50.00 to $53.00 and gave the stock an "overweight" rating in a report on Wednesday, June 8th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.53.
Halliburton Stock Performance
Shares of Halliburton stock traded down $0.38 during midday trading on Friday, hitting $29.19. The company had a trading volume of 260,320 shares, compared to its average volume of 9,940,278. The business's 50 day simple moving average is $31.52 and its two-hundred day simple moving average is $34.42. The stock has a market cap of $26.47 billion, a PE ratio of 18.24 and a beta of 2.15. 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 has a 1-year low of $17.82 and a 1-year high of $43.99.
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 (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. Halliburton had a net margin of 8.19% and a return on equity of 19.91%. The business 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 company posted $0.26 earnings per share. Halliburton's quarterly revenue was up 36.9% on a year-over-year basis. As a group, equities analysts predict that Halliburton will post 2.01 EPS for the current fiscal year.
Halliburton Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Wednesday, June 1st were paid 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 1.64%. Halliburton's dividend payout ratio is currently 30.19%.
Insiders Place Their Bets
In other Halliburton news, EVP Lawrence J. Pope sold 10,000 shares of Halliburton 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 sale, the executive vice president now 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 can be accessed through this link. In related news, insider Joe D. Rainey sold 20,000 shares of Halliburton 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 of the company's stock, valued at $13,246,898.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lawrence J. Pope sold 10,000 shares of Halliburton 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 directly 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 have sold 40,000 shares of company stock worth $1,663,600 over the last 90 days. Corporate insiders own 0.57% of the company's stock.
