Halliburton Expected to Earn Q4 2018 Earnings of $0.76 Per Share (HAL)

Halliburton (NYSE:HAL) – Research analysts at SunTrust Banks raised their Q4 2018 earnings estimates for shares of Halliburton in a note issued to investors on Tuesday, April 3rd. SunTrust Banks analyst K. Sill now expects that the oilfield services company will post earnings per share of $0.76 for the quarter, up from their prior estimate of $0.75. SunTrust Banks currently has a “Hold” rating and a $69.00 price target on the stock.

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Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, January 22nd. The oilfield services company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.46 by $0.07. Halliburton had a positive return on equity of 11.95% and a negative net margin of 2.25%. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter last year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year.

Several other equities analysts also recently commented on HAL. Piper Jaffray set a $52.00 price target on Halliburton and gave the company a “buy” rating in a report on Thursday, December 14th. Wells Fargo reiterated an “outperform” rating and set a $56.00 price target (up previously from $51.00) on shares of Halliburton in a report on Thursday, December 21st. Royal Bank of Canada set a $60.00 price target on Halliburton and gave the company a “buy” rating in a report on Thursday, December 21st. Zacks Investment Research upgraded Halliburton from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Tuesday, December 26th. Finally, Jefferies Group set a $57.00 price target on Halliburton and gave the company a “buy” rating in a report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $58.70.

Shares of HAL stock opened at $47.00 on Thursday. Halliburton has a 12 month low of $38.18 and a 12 month high of $57.86. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.72 and a current ratio of 2.22. The company has a market cap of $40,928.28, a price-to-earnings ratio of 38.52, a P/E/G ratio of 2.30 and a beta of 1.06.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $0.72 annualized dividend and a yield of 1.53%. Halliburton’s dividend payout ratio (DPR) is currently 59.02%.

In related news, EVP Eric Carre sold 28,024 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $51.71, for a total value of $1,449,121.04. Following the completion of the transaction, the executive vice president now directly 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 SEC, which can be accessed through the SEC website. Also, VP Anne L. Beaty sold 2,937 shares of the firm’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $51.57, for a total value of $151,461.09. Following the completion of the transaction, the vice president now directly owns 60,839 shares of the company’s stock, valued at $3,137,467.23. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,856 shares of company stock valued at $5,609,578. 0.46% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of HAL. Calton & Associates Inc. bought a new position in Halliburton in the fourth quarter worth $128,000. Cerebellum GP LLC bought a new position in Halliburton in the fourth quarter worth $131,000. Icon Wealth Partners LLC bought a new position in Halliburton in the fourth quarter worth $147,000. Nicolet Bankshares Inc. bought a new position in Halliburton in the fourth quarter worth $193,000. Finally, Compton Capital Management Inc. RI bought a new position in Halliburton in the fourth quarter worth $202,000. 80.26% of the stock is owned by hedge funds and other institutional investors.

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Halliburton Company Profile

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.

Earnings History and Estimates for Halliburton (NYSE:HAL)

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