Halliburton (NYSE:HAL) Announces Quarterly Earnings Results

Halliburton (NYSE:HAL) released its earnings results on Tuesday. The oilfield services company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02, Briefing.com reports. The firm had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.67 billion. Halliburton had a net margin of 11.20% and a return on equity of 30.84%. Halliburton’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS.

Halliburton Stock Performance

Halliburton stock opened at $38.72 on Friday. The firm’s 50 day simple moving average is $37.81 and its 200-day simple moving average is $37.41. The company has a market cap of $34.32 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 1.00 and a beta of 2.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.12 and a quick ratio of 1.48. Halliburton has a fifty-two week low of $27.84 and a fifty-two week high of $43.85.

Insider Transactions at Halliburton

In related news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HAL has been the topic of several research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $45.00 target price on shares of Halliburton in a research note on Wednesday, January 24th. Susquehanna reissued a “positive” rating and set a $49.00 target price on shares of Halliburton in a research note on Monday, April 8th. The Goldman Sachs Group lifted their price objective on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday. Citigroup lifted their price objective on shares of Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, StockNews.com raised shares of Halliburton from a “hold” rating to a “buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Halliburton currently has an average rating of “Buy” and an average target price of $48.82.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through 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; and 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.