Halliburton (NYSE:HAL) announced a quarterly dividend on Monday, November 11th, RTT News reports. Investors of record on Thursday, December 5th will be paid a dividend of 0.18 per share by the oilfield services company on Thursday, December 26th. This represents a $0.72 annualized dividend and a dividend yield of 3.39%.
Halliburton stock traded down $0.03 during trading hours on Monday, hitting $21.25. The stock had a trading volume of 6,712,762 shares, compared to its average volume of 12,012,227. The company has a quick ratio of 1.67, a current ratio of 2.39 and a debt-to-equity ratio of 1.13. The stock has a market cap of $18.48 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 3.46 and a beta of 1.41. Halliburton has a one year low of $16.97 and a one year high of $35.43. The business’s 50 day simple moving average is $19.44 and its 200-day simple moving average is $21.72.
Halliburton (NYSE:HAL) last posted its earnings results on Monday, October 21st. The oilfield services company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.82 billion. Halliburton had a return on equity of 12.03% and a net margin of 5.12%. The business’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the company earned $0.50 earnings per share. Research analysts anticipate that Halliburton will post 1.25 EPS for the current fiscal year.
Several research firms have commented on HAL. Cowen dropped their target price on Halliburton from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. Barclays downgraded Halliburton from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $31.00 to $23.00 in a research report on Monday, September 16th. Zacks Investment Research downgraded Halliburton from a “hold” rating to a “strong sell” rating and set a $23.00 target price for the company. in a research report on Tuesday, November 5th. Citigroup dropped their target price on Halliburton from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Finally, Bank of America dropped their target price on Halliburton from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. Halliburton has a consensus rating of “Buy” and an average target price of $30.88.
In related news, Director William E. Albrecht purchased 8,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was bought at an average price of $19.35 per share, with a total value of $154,800.00. Following the completion of the purchase, the director now owns 16,000 shares in the company, valued at approximately $309,600. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.
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.
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