Halliburton (HAL) Set to Announce Quarterly Earnings on Thursday

Halliburton (NYSE:HALGet Free Report) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Halliburton Stock Performance

Shares of Halliburton stock opened at $28.53 on Wednesday. The firm has a market cap of $25.19 billion, a P/E ratio of 9.48, a P/E/G ratio of 1.82 and a beta of 1.89. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56. The stock’s fifty day moving average price is $29.18 and its 200-day moving average price is $32.63.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.38%. Halliburton’s dividend payout ratio is currently 22.59%.

Analyst Upgrades and Downgrades

HAL has been the topic of several research reports. Johnson Rice upgraded Halliburton to a “moderate buy” rating in a research note on Friday, July 19th. Jefferies Financial Group cut their target price on Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Stifel Nicolaus cut their target price on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. cut their target price on Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Finally, UBS Group cut their target price on Halliburton from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.74.

View Our Latest Report on HAL

About Halliburton

(Get Free Report)

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.

Recommended Stories

Earnings History for Halliburton (NYSE:HAL)

Receive News & Ratings for Halliburton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halliburton and related companies with MarketBeat.com's FREE daily email newsletter.