Halliburton (NYSE:HAL) shares dropped 0.2% during mid-day trading on Thursday . The company traded as low as $36.82 and last traded at $37.02. Approximately 626,319 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 5,711,252 shares. The stock had previously closed at $37.08.
HAL has been the subject of a number of recent research reports. B. Riley set a $51.00 target price on Halliburton and gave the company a “buy” rating in a report on Thursday, July 26th. Zacks Investment Research upgraded Halliburton from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Tuesday, June 26th. Credit Suisse Group set a $52.00 target price on Halliburton and gave the company a “buy” rating in a report on Tuesday, July 24th. Cowen decreased their target price on Halliburton from $51.00 to $47.00 and set a “market perform” rating for the company in a report on Tuesday, July 24th. Finally, Citigroup set a $51.00 target price on Halliburton and gave the company a “buy” rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Halliburton presently has a consensus rating of “Buy” and a consensus price target of $55.77.
The firm has a market capitalization of $32.67 billion, a PE ratio of 30.16, a PEG ratio of 2.13 and a beta of 1.01. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.24 and a quick ratio of 1.72.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, July 23rd. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.01). The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.12 billion. Halliburton had a return on equity of 19.48% and a net margin of 0.42%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. analysts predict that Halliburton will post 2.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 5th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, September 4th. Halliburton’s dividend payout ratio (DPR) is 59.02%.
In other news, Director Murry Gerber bought 5,800 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were acquired at an average price of $40.66 per share, for a total transaction of $235,828.00. Following the completion of the transaction, the director now owns 60,961 shares of the company’s stock, valued at $2,478,674.26. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Moors & Cabot Inc. increased its position in Halliburton by 2.9% in the 1st quarter. Moors & Cabot Inc. now owns 34,491 shares of the oilfield services company’s stock valued at $1,619,000 after acquiring an additional 969 shares during the period. State Treasurer State of Michigan increased its position in Halliburton by 0.4% during the 1st quarter. State Treasurer State of Michigan now owns 256,879 shares of the oilfield services company’s stock worth $12,058,000 after purchasing an additional 1,100 shares during the period. Xact Kapitalforvaltning AB increased its position in Halliburton by 1.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 93,786 shares of the oilfield services company’s stock worth $4,226,000 after purchasing an additional 1,105 shares during the period. Trust Co. of Vermont increased its position in Halliburton by 58.5% during the 2nd quarter. Trust Co. of Vermont now owns 3,024 shares of the oilfield services company’s stock worth $137,000 after purchasing an additional 1,116 shares during the period. Finally, GWM Advisors LLC increased its position in Halliburton by 8.1% during the 2nd quarter. GWM Advisors LLC now owns 15,307 shares of the oilfield services company’s stock worth $681,000 after purchasing an additional 1,150 shares during the period. Institutional investors and hedge funds own 79.01% of the company’s stock.
Halliburton Company Profile (NYSE:HAL)
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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