Q4 2017 Earnings Forecast for Halliburton Company Issued By Capital One Financial Corporation (HAL)
Halliburton Company (NYSE:HAL) – Capital One Financial Corporation cut their Q4 2017 earnings per share estimates for shares of Halliburton in a report issued on Wednesday. Capital One Financial Corporation analyst L. Lemoine now anticipates that the oilfield services company will earn $0.43 per share for the quarter, down from their prior forecast of $0.48.
Halliburton (NYSE:HAL) last announced its quarterly earnings data on Monday, July 24th. The oilfield services company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the business earned ($0.14) earnings per share. The business’s revenue was up 29.3% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: This piece of content was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/06/q4-2017-earnings-forecast-for-halliburton-company-issued-by-capital-one-financial-corporation-hal.html.
Other research analysts have also issued reports about the stock. TheStreet raised shares of Halliburton from a “d+” rating to a “c-” rating in a research note on Friday, September 29th. Seaport Global Securities raised shares of Halliburton from a “neutral” rating to a “buy” rating and raised their price target for the company from $43.00 to $50.00 in a research note on Thursday, July 20th. BidaskClub lowered shares of Halliburton from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 27th. FBR & Co decreased their price target on shares of Halliburton from $70.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Finally, Credit Suisse Group AG set a $60.00 price target on shares of Halliburton and gave the company a “buy” rating in a research note on Saturday, July 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. Halliburton currently has an average rating of “Buy” and an average target price of $58.13.
Halliburton (NYSE HAL) opened at 44.805 on Friday. The stock’s market capitalization is $39.05 billion. Halliburton has a 12 month low of $38.18 and a 12 month high of $58.78. The stock has a 50 day moving average price of $41.74 and a 200 day moving average price of $44.33.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 6th were issued a $0.18 dividend. The ex-dividend date was Friday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.60%. Halliburton’s payout ratio is -423.50%.
In other Halliburton news, EVP Lawrence J. Pope sold 43,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $39.66, for a total value of $1,705,380.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.46% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Halliburton during the 1st quarter worth approximately $100,000. Perigon Wealth Management LLC increased its holdings in shares of Halliburton by 0.8% during the 1st quarter. Perigon Wealth Management LLC now owns 2,049 shares of the oilfield services company’s stock worth $101,000 after buying an additional 17 shares during the last quarter. Ledyard National Bank increased its holdings in shares of Halliburton by 6.5% during the 2nd quarter. Ledyard National Bank now owns 2,469 shares of the oilfield services company’s stock worth $106,000 after buying an additional 150 shares during the last quarter. Bbva Compass Bancshares Inc. increased its holdings in shares of Halliburton by 5.0% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 2,701 shares of the oilfield services company’s stock worth $115,000 after buying an additional 128 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. increased its holdings in shares of Halliburton by 87.6% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,711 shares of the oilfield services company’s stock worth $116,000 after buying an additional 1,266 shares during the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.
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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