Halliburton (HAL) Scheduled to Post Earnings on Thursday

Halliburton (NYSE:HAL) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Halliburton to post earnings of $0.76 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Halliburton Trading Up 0.6 %

HAL opened at $27.69 on Thursday. The company has a fifty day moving average price of $29.47 and a two-hundred day moving average price of $32.97. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56. The company has a market cap of $24.45 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 1.86 and a beta of 1.88. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is currently 23.53%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HAL shares. Benchmark restated a “buy” rating and set a $42.00 price objective on shares of Halliburton in a report on Monday, July 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Stifel Nicolaus reduced their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 11th. Evercore ISI cut their price target on Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Finally, Susquehanna dropped their target price on Halliburton from $46.00 to $42.00 and set a “positive” rating on the stock in a report on Friday, October 11th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.74.

Halliburton Company Profile

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.