$0.29 EPS Expected for Halliburton (HAL) This Quarter

Wall Street analysts forecast that Halliburton (NYSE:HAL) will announce earnings of $0.29 per share for the current quarter, according to Zacks. Nine analysts have issued estimates for Halliburton’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. Halliburton reported earnings of $0.58 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The firm is scheduled to report its next quarterly earnings results on Monday, July 22nd.

On average, analysts expect that Halliburton will report full year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.14 to $1.62. For the next financial year, analysts expect that the business will post earnings of $2.14 per share, with EPS estimates ranging from $1.50 to $3.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Halliburton.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, April 22nd. The oilfield services company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Halliburton had a net margin of 7.34% and a return on equity of 16.26%. The firm had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.53 billion. During the same period in the prior year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis.

Several equities research analysts recently weighed in on HAL shares. Cowen raised shares of Halliburton from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $45.00 to $35.00 in a research note on Thursday, January 17th. Raymond James set a $45.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Morgan Stanley set a $36.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. UBS Group set a $40.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, Citigroup set a $39.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company. Halliburton has an average rating of “Buy” and a consensus target price of $44.71.

In other Halliburton news, CFO Lance Loeffler sold 5,926 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $28.35, for a total transaction of $168,002.10. Following the completion of the transaction, the chief financial officer now owns 55,885 shares in the company, valued at approximately $1,584,339.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.61% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of HAL. Harris Associates L P acquired a new position in Halliburton during the 4th quarter worth approximately $336,506,000. Norges Bank acquired a new position in shares of Halliburton in the 4th quarter valued at $236,595,000. Pzena Investment Management LLC boosted its holdings in shares of Halliburton by 95.4% in the 1st quarter. Pzena Investment Management LLC now owns 12,427,763 shares of the oilfield services company’s stock valued at $364,133,000 after buying an additional 6,067,846 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Halliburton by 344.0% in the 4th quarter. Toronto Dominion Bank now owns 4,612,880 shares of the oilfield services company’s stock valued at $122,610,000 after buying an additional 3,573,882 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Halliburton by 15.7% in the 4th quarter. Macquarie Group Ltd. now owns 21,027,384 shares of the oilfield services company’s stock valued at $558,907,000 after buying an additional 2,860,965 shares in the last quarter. Institutional investors own 81.68% of the company’s stock.

Shares of HAL opened at $25.43 on Monday. Halliburton has a fifty-two week low of $24.33 and a fifty-two week high of $54.91. The company has a market cap of $21.54 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 1.34 and a beta of 1.14. The company has a current ratio of 2.22, a quick ratio of 1.57 and a debt-to-equity ratio of 1.07.

About Halliburton

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company's Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment.

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