Halliburton (HAL) Expected to Announce Quarterly Earnings on Wednesday

Halliburton (NYSE:HALGet Free Report) is projected to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.73 per share and revenue of $5,629,580.68 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Halliburton (NYSE:HALGet Free Report) last issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 EPS. On average, analysts expect Halliburton to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Halliburton Price Performance

HAL stock opened at $29.96 on Tuesday. The company has a fifty day moving average price of $28.94 and a 200-day moving average price of $30.11. The company has a market capitalization of $26.32 billion, a P/E ratio of 10.44, a PEG ratio of 3.36 and a beta of 1.91. Halliburton has a 52-week low of $25.51 and a 52-week high of $41.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.27%. The ex-dividend date was Wednesday, December 4th. Halliburton’s dividend payout ratio is currently 23.69%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley reduced their price target on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Raymond James lowered shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. BMO Capital Markets dropped their price target on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research report on Thursday, October 10th. Barclays reiterated an “equal weight” rating and set a $33.00 price objective (down from $43.00) on shares of Halliburton in a research report on Wednesday, December 18th. Finally, Piper Sandler assumed coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $38.26.

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About Halliburton

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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.

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Earnings History for Halliburton (NYSE:HAL)

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