Halliburton (NYSE:HAL) – Jefferies Group dropped their Q1 2018 EPS estimates for shares of Halliburton in a report released on Wednesday, April 4th. Jefferies Group analyst B. Handler now forecasts that the oilfield services company will post earnings per share of $0.40 for the quarter, down from their previous forecast of $0.49. Jefferies Group has a “Buy” rating and a $62.00 price objective on the stock. Jefferies Group also issued estimates for Halliburton’s Q2 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.66 EPS, FY2018 earnings at $2.20 EPS and FY2020 earnings at $4.75 EPS.
Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. Halliburton had a negative net margin of 2.25% and a positive return on equity of 11.95%. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter in the prior year, the firm earned $0.04 earnings per share. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year.
Shares of NYSE HAL opened at $47.68 on Friday. Halliburton has a 12-month low of $38.18 and a 12-month high of $57.86. The stock has a market capitalization of $40,928.28, a price-to-earnings ratio of 38.34, a price-to-earnings-growth ratio of 2.30 and a beta of 1.06. The company has a current ratio of 2.22, a quick ratio of 1.72 and a debt-to-equity ratio of 1.25.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.51%. The ex-dividend date was Tuesday, March 6th. Halliburton’s dividend payout ratio (DPR) is 59.02%.
In related news, EVP Eric Carre sold 28,024 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $51.71, for a total transaction of $1,449,121.04. Following the completion of the transaction, the executive vice president now owns 173,767 shares of the company’s stock, valued at $8,985,491.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Anne L. Beaty sold 2,937 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $51.57, for a total transaction of $151,461.09. Following the transaction, the vice president now directly owns 60,839 shares of the company’s stock, valued at approximately $3,137,467.23. The disclosure for this sale can be found here. Insiders have sold 103,856 shares of company stock valued at $5,609,578 in the last ninety days. 0.46% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in Halliburton by 3.9% during the fourth quarter. BlackRock Inc. now owns 63,837,947 shares of the oilfield services company’s stock worth $3,119,761,000 after purchasing an additional 2,421,658 shares during the last quarter. Jennison Associates LLC increased its position in Halliburton by 1.5% during the fourth quarter. Jennison Associates LLC now owns 8,857,279 shares of the oilfield services company’s stock worth $432,855,000 after purchasing an additional 130,567 shares during the last quarter. Geode Capital Management LLC increased its position in Halliburton by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 8,541,673 shares of the oilfield services company’s stock worth $416,483,000 after purchasing an additional 107,367 shares during the last quarter. American Century Companies Inc. increased its position in Halliburton by 37.7% during the fourth quarter. American Century Companies Inc. now owns 6,153,365 shares of the oilfield services company’s stock worth $300,715,000 after purchasing an additional 1,684,961 shares during the last quarter. Finally, Aristotle Capital Management LLC increased its position in Halliburton by 1.0% during the fourth quarter. Aristotle Capital Management LLC now owns 4,656,520 shares of the oilfield services company’s stock worth $227,564,000 after purchasing an additional 44,274 shares during the last quarter. 80.26% of the stock is owned by hedge funds and other institutional investors.
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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