Halliburton Company Forecasted to Earn Q2 2017 Earnings of $0.20 Per Share (NYSE:HAL)
Halliburton Company (NYSE:HAL) – Equities researchers at Seaport Global Securities issued their Q2 2017 earnings per share estimates for Halliburton in a research note issued on Thursday. Seaport Global Securities analyst M. Urban forecasts that the oilfield services company will post earnings per share of $0.20 for the quarter. Seaport Global Securities currently has a “Buy” rating and a $50.00 price target on the stock. Seaport Global Securities also issued estimates for Halliburton’s Q3 2017 earnings at $0.36 EPS, Q4 2017 earnings at $0.46 EPS, FY2017 earnings at $1.07 EPS, Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.48 EPS, FY2018 earnings at $1.65 EPS, Q1 2019 earnings at $0.45 EPS, Q2 2019 earnings at $0.57 EPS and FY2019 earnings at $2.45 EPS.
A number of other brokerages have also recently commented on HAL. Deutsche Bank AG reiterated a “buy” rating and set a $64.00 price target (down from $66.00) on shares of Halliburton in a research report on Monday, March 27th. BMO Capital Markets set a $67.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Wednesday, April 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 price target on shares of Halliburton in a research note on Monday, April 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $70.00 price target on shares of Halliburton in a research note on Monday, April 3rd. Finally, HSBC Holdings plc started coverage on Halliburton in a research note on Wednesday, April 19th. They issued a “buy” rating and a $65.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $59.85.
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Shares of Halliburton (NYSE:HAL) opened at 44.38 on Monday. The stock has a 50 day moving average of $43.66 and a 200 day moving average of $49.22. Halliburton has a 1-year low of $40.12 and a 1-year high of $58.78. The company’s market cap is $38.52 billion.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, April 24th. The oilfield services company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $4.28 billion during the quarter, compared to analyst estimates of $4.30 billion. Halliburton had a negative net margin of 21.19% and a negative return on equity of 0.48%. Halliburton’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Halliburton by 4.0% in the first quarter. Vanguard Group Inc. now owns 58,503,306 shares of the oilfield services company’s stock worth $2,878,947,000 after buying an additional 2,242,976 shares in the last quarter. BlackRock Inc. raised its position in shares of Halliburton by 2,760.4% in the first quarter. BlackRock Inc. now owns 51,835,128 shares of the oilfield services company’s stock worth $2,550,805,000 after buying an additional 50,022,982 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Halliburton by 1.1% in the first quarter. Wellington Management Group LLP now owns 20,413,182 shares of the oilfield services company’s stock worth $1,004,532,000 after buying an additional 227,704 shares in the last quarter. FMR LLC raised its position in shares of Halliburton by 11.0% in the first quarter. FMR LLC now owns 15,102,445 shares of the oilfield services company’s stock worth $743,191,000 after buying an additional 1,496,685 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Halliburton by 8.3% in the first quarter. Geode Capital Management LLC now owns 8,273,561 shares of the oilfield services company’s stock worth $406,548,000 after buying an additional 635,993 shares in the last quarter. Institutional investors and hedge funds own 79.67% of the company’s stock.
In related news, Director William E. Albrecht purchased 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were purchased at an average price of $46.33 per share, for a total transaction of $370,640.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $370,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.46% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.62%. The ex-dividend date is Friday, September 1st. Halliburton’s dividend payout ratio (DPR) is presently -18.32%.
Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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