Halliburton (NYSE:HAL) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

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

Halliburton Price Performance

HAL stock opened at $38.72 on Thursday. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. Halliburton has a 52-week low of $27.84 and a 52-week high of $43.85. The stock’s 50 day moving average is $37.75 and its two-hundred day moving average is $37.40. The company has a market capitalization of $34.32 billion, a PE ratio of 13.40, a P/E/G ratio of 0.99 and a beta of 2.00.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HAL. Royal Bank of Canada restated an “outperform” rating and set a $45.00 price objective on shares of Halliburton in a report on Wednesday, January 24th. Benchmark reaffirmed a “buy” rating and issued a $45.00 target price on shares of Halliburton in a research report on Wednesday. Raymond James cut their target price on Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. TD Cowen increased their target price on Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, UBS Group increased their target price on Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $48.82.

Insiders Place Their Bets

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

Halliburton Company Profile

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.