On Monday, October 16, Halliburton (NYSE: HAL) updated its Q3 earnings report. The EPS stands at $0.11 for this quarter. This beats the Thomas Reuters estimated consensus of $0.08 EPS by $0.03. According to the update, the revenue for the company stands at $2.98 billion. This however, is lower than the consensus on NYSE: HAL’s revenue estimate that was marked at $3.12 billion.
NYSE: HAL Stock Analysis
NYSE: HAL stocks traded at $12.25 this Monday. According to recent stats, the quick ratio of HAL stocks is 1.55. 2.22 is the company’s current ratio. The debt-to-equity ratio stands at 1.85. HAL’s market cap is $10.76 billion. The PE ratio stands at -2.66 and the PEG ratio at 3.59. The beta value of the company’s stocks is 2.68. The 12-monthly low for NYSE: HAL stock is $4.25 and the high is $25.47. The 50-day simple moving average (50SMA) is valued at $13.81 and the 200SMA is that of $12.48.
The company’s return on equity also stood at 21.07% along with the net margin of 3.46%. The expected revenue for the firm was marked at $2.54 billion but it made $2.61 billion for that quarter. During the corresponding quarter in the previous year, the firm’s EPS was $1.26. Thus, analysts state that the company’s EPS is currently down by 18.0% based on a year-over-year calculation.
News about a quarterly dividend was announced by NYSE: HAL recently which was cleared on September 23. Investors of record on September 2, were paid $0.045 EPS as dividend. This suggests that the company might have an annualized dividend of $0.18 plus a 1.47% yield. Halliburton stocks have a dividend payout ratio of 14.52%.
NYSE: HAL Stocks Get A “Hold” Rating
NYSE: HAL has recently been the subject of a lot of reports by research analysts. For example, BMO Capital Markets, Cowen, Goldman Sachs Group, Wells Fargo & Company, BofA Securities, and so on issued research reports on the oilfield services company shares.
The company was recently voted with an “market perform” rating by BMO Capital Markets on October 1. Cowen upgraded the rating from “market perform” to “outperform” on July 15. On August 13, Goldman Sachs Group increased the rating of NYSE: HAL stocks to “conviction-buy” from “buy”. Wells Fargo & Company gave out a “hold” rating to Halliburton stocks on August 17. BofA Securities raised it to a “buy” rating. Plus, it also marked its price objective at $18.00 on July 21.
Thus, the recent consensus regarding Halliburton stocks stands at a “Hold” rating with $13.14 as a consensus on the target price. Several hedge funds have also been involved in buying and selling of NYSE: HAL shares recently.