Halliburton Co. (HAL) Scheduled to Post Earnings on Wednesday
Halliburton Co. (NYSE:HAL) is set to release its Q316 earnings data on Wednesday, October 19th. Analysts expect Halliburton to post earnings of ($0.07) per share and revenue of $3.87 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Halliburton (NYSE:HAL) last released its quarterly earnings data on Wednesday, July 20th. The oilfield services company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.05. Halliburton had a negative net margin of 30.50% and a positive return on equity of 3.55%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The company’s quarterly revenue was down 35.2% on a year-over-year basis. On average, analysts expect Halliburton to post $-0.18 EPS for the current fiscal year and $0.90 EPS for the next fiscal year.
Halliburton Co. (NYSE:HAL) opened at 46.97 on Monday. Halliburton Co. has a 12-month low of $27.64 and a 12-month high of $47.96. The firm’s market capitalization is $40.45 billion. The firm has a 50 day moving average of $43.73 and a 200 day moving average of $42.52.
In other Halliburton news, insider James S. Brown sold 28,439 shares of the business’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $47.00, for a total value of $1,336,633.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.46% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. increased its stake in Halliburton by 51.3% in the second quarter. Johnson Financial Group Inc. now owns 2,277 shares of the oilfield services company’s stock valued at $103,000 after buying an additional 772 shares during the period. Citizens Financial Group Inc RI increased its stake in Halliburton by 33.4% in the second quarter. Citizens Financial Group Inc RI now owns 2,589 shares of the oilfield services company’s stock valued at $117,000 after buying an additional 648 shares during the period. Pinkerton Retirement Specialists LLC increased its stake in Halliburton by 1,290.5% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,795 shares of the oilfield services company’s stock valued at $127,000 after buying an additional 2,594 shares during the period. Crawford Investment Counsel Inc. bought a new stake in Halliburton during the second quarter valued at approximately $224,000. Finally, WFG Advisors LP increased its stake in Halliburton by 19.4% in the second quarter. WFG Advisors LP now owns 5,208 shares of the oilfield services company’s stock valued at $236,000 after buying an additional 847 shares during the period. 79.64% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have weighed in on the company. Jefferies Group restated a “buy” rating and set a $56.00 price objective (up from $47.00) on shares of Halliburton in a research note on Monday, July 11th. Seaport Global Securities restated a “buy” rating on shares of Halliburton in a research note on Thursday, July 21st. Johnson Rice restated an “accumulate” rating on shares of Halliburton in a research note on Monday, July 25th. Nomura restated a “buy” rating and set a $53.00 price objective on shares of Halliburton in a research note on Thursday, July 21st. Finally, Zacks Investment Research cut Halliburton from a “buy” rating to a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.30.
Halliburton Company is a provider of services and products to the upstream oil and natural gas industry. The Company operates through two segments: the Completion and Production segment, and the Drilling and Evaluation segment. The Company’s Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion products and services.
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