Halliburton Company (HAL) Releases Earnings Results, Beats Expectations By $0.04 EPS
Halliburton Company (NYSE:HAL) issued its quarterly earnings results on Monday. The oilfield services company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04, Bloomberg Earnings reports. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.35 billion. Halliburton had a positive return on equity of 2.97% and a negative net margin of 0.86%. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 earnings per share.
Shares of Halliburton (HAL) opened at 43.33 on Monday. Halliburton has a 52 week low of $38.18 and a 52 week high of $58.78. The company’s market capitalization is $37.77 billion. The company has a 50 day moving average price of $43.52 and a 200 day moving average price of $43.95.
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A number of analysts have recently commented on the company. J P Morgan Chase & Co cut their price target on Halliburton from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, September 12th. Credit Suisse Group restated an “outperform” rating and issued a $55.00 price target (down from $60.00) on shares of Halliburton in a report on Tuesday, July 25th. ValuEngine upgraded Halliburton from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Zacks Investment Research lowered Halliburton from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Scotiabank restated a “buy” rating and issued a $59.00 price target on shares of Halliburton in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $57.90.
In related news, EVP Lawrence J. Pope sold 43,000 shares of Halliburton stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by insiders.
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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