Halliburton (HAL) Projected to Post Quarterly Earnings on Tuesday

Halliburton (NYSE:HAL) is expected to be releasing its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Halliburton to post earnings of $0.61 per share and revenue of $5.28 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Halliburton Stock Up 5.0 %

Halliburton stock opened at $22.51 on Monday. The firm’s 50 day moving average price is $24.26 and its two-hundred day moving average price is $27.09. The firm has a market cap of $19.40 billion, a PE ratio of 7.95, a P/E/G ratio of 3.79 and a beta of 1.45. Halliburton has a twelve month low of $18.72 and a twelve month high of $39.37. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 24.03%.

Wall Street Analysts Forecast Growth

HAL has been the topic of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $34.00 target price on shares of Halliburton in a research report on Thursday, January 23rd. Barclays decreased their target price on shares of Halliburton from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, March 31st. Stifel Nicolaus cut their price target on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd. Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Finally, Evercore ISI lowered their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and a consensus target price of $36.95.

Insider Buying and Selling

In other news, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the sale, the vice president now directly owns 77,784 shares in the company, valued at approximately $1,913,486.40. The trade was a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eric Carre sold 51,179 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.00, for a total transaction of $1,279,475.00. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,177,525. The trade was a 28.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 206,782 shares of company stock valued at $5,321,170 over the last three months. 0.61% of the stock is owned by corporate insiders.

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.