Halliburton to Post Q1 2018 Earnings of $0.40 Per Share, Capital One Forecasts (HAL)

Halliburton (NYSE:HAL) – Equities research analysts at Capital One lowered their Q1 2018 earnings estimates for shares of Halliburton in a research report issued to clients and investors on Monday, April 23rd. Capital One analyst L. Lemoine now anticipates that the oilfield services company will post earnings of $0.40 per share for the quarter, down from their prior forecast of $0.48. Capital One also issued estimates for Halliburton’s Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.72 EPS, FY2018 earnings at $2.46 EPS and FY2019 earnings at $3.05 EPS.

Halliburton (NYSE:HAL) last announced its earnings results on Monday, April 23rd. The oilfield services company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.74 billion. Halliburton had a negative net margin of 1.74% and a positive return on equity of 15.87%. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS.

A number of other equities research analysts have also weighed in on the stock. Guggenheim set a $65.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday. Credit Suisse Group set a $65.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets set a $63.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase set a $59.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Tuesday. Finally, Jefferies Group set a $60.00 target price on shares of Halliburton and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Halliburton presently has a consensus rating of “Buy” and a consensus price target of $58.79.

Shares of HAL opened at $51.37 on Wednesday. The firm has a market cap of $45,539.06, a price-to-earnings ratio of 42.11, a P/E/G ratio of 2.63 and a beta of 1.06. The company has a quick ratio of 1.72, a current ratio of 2.22 and a debt-to-equity ratio of 1.24. Halliburton has a 1-year low of $38.18 and a 1-year high of $57.86.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $0.72 annualized dividend and a dividend yield of 1.40%. Halliburton’s dividend payout ratio (DPR) is 59.02%.

Several large investors have recently bought and sold shares of HAL. Sanders Capital LLC purchased a new stake in shares of Halliburton in the 4th quarter worth $163,920,000. Beutel Goodman & Co Ltd. bought a new position in Halliburton in the 4th quarter worth $118,644,000. BlackRock Inc. boosted its holdings in Halliburton by 3.9% in the 4th quarter. BlackRock Inc. now owns 63,837,947 shares of the oilfield services company’s stock worth $3,119,761,000 after buying an additional 2,421,658 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in Halliburton in the 4th quarter worth $105,979,000. Finally, Mackenzie Financial Corp boosted its holdings in Halliburton by 409.5% in the 4th quarter. Mackenzie Financial Corp now owns 2,203,182 shares of the oilfield services company’s stock worth $107,670,000 after buying an additional 1,770,781 shares during the period. Hedge funds and other institutional investors own 80.25% of the company’s stock.

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About Halliburton

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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