Halliburton Co stock underperforms Thursday when compared to competitors

The sustainability of dividends is often gauged by the dividend payout ratio, which reflects the portion of earnings allocated to dividends. Halliburton Co’s dividend payout ratio is currently 0.21, suggesting a balanced approach to dividend distribution and retained earnings for growth. The company’s profitability rank stands at 7 out of 10, indicating robust profitability prospects compared to industry peers, with net profits reported in half of the past decade. Halliburton is one https://forex-review.net/ of the world’s three largest oilfield service firms, boasting extensive expertise across various business lines, including completion fluids, wireline services, and cementing. As the largest pressure pumper in North America, Halliburton has pioneered hydraulic fracturing over the past two decades, cementing its position as a leader in the energy services sector. Investors of record on Thursday, December 7th will be paid a dividend of $0.16 per share on Wednesday, December 27th.

Halliburton faces several risks and challenges in the current business environment. One of the most significant challenges facing the company is the volatility of oil prices, which can substantially impact the demand for its services and products. In addition, the industry is facing increasing regulatory scrutiny, particularly around issues such as climate change and environmental impact.

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Halliburton Company Company Profile

Halliburton’s current CEO and Chairman of the Board is Jeff Miller, who has been with the company for over 30 years, having served as the president and chief operating officer. In 2020, Halliburton announced that it was changing its executive leadership team, adding several new members, including Mark Richard, the President of the Western https://forexbroker-listing.com/ Hemisphere. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

• The scores are based on the trading styles of Value, Growth, and Momentum.
• This puts Jeff Miller in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
• The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.
• 14 brokerages have issued twelve-month target prices for Halliburton’s stock.
• The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

The technique has proven to be very useful for finding positive surprises. Energy stocks sank on Friday after the Biden administration proposed to allow a maximum of three sales of oil and gas drilling leases in the Gulf of Mexico over the next five years, the fewest in hist… Crude oil prices are up nearly 4.5% in mid-day trading after a weekend in which a war has broken out between Hamas and Israel. At this point, most analysts believe the effect on oil prices may be limi… According to 17 analysts, the average rating for HAL stock is “Strong Buy.” The 12-month stock price forecast is $48.71, which is an increase of 41.52% from the latest price.

This represents a $0.64 annualized dividend and a dividend yield of 1.86%. Halliburton Co’s growth rank of 7 out of 10 underscores a solid growth trajectory. Despite a -4.40% average annual decrease in revenue per share, Halliburton Co’s 3-year revenue growth rate underperforms approximately 77.73% of global competitors. However, the company’s 3-year EPS growth rate shows a remarkable average annual increase of 53.40%, outperforming about 77.24% of global competitors, which is a positive sign for dividend sustainability. 14 brokerages have issued twelve-month target prices for Halliburton’s stock. On average, they expect the company’s share price to reach $49.00 in the next year.

What To Expect From Halliburton’s Q3 After Stock Up 10% This Year?

Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. This segment also provides electrical submersible pumps, as well as artificial lift services. Halliburton Company is a multinational corporation that provides various services and products to the energy industry. The company’s customers include major oil and gas companies and independent operators in the energy industry.

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The consensus among Wall Street analysts is that investors should “buy” HAL shares. Halliburton’s third-quarter profit rose on Tuesday as strength in offshore and overseas drilling activities boosted demand for oilfield services and equipment. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice.

The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX. Considering Halliburton Co’s consistent dividend payments, the current payout ratio, and profitability, the company appears to maintain a prudent approach to its dividend policy. While past dividend growth rates have shown declines, the strength in earnings growth and a solid profitability rank provide a counterbalance, suggesting potential for future dividend stability or growth. Investors should keep an eye on industry trends, regulatory changes, and technological advancements that may influence Halliburton Co’s performance and, consequently, its dividend prospects. For those seeking high-dividend yield stocks, GuruFocus Premium offers the High Dividend Yield Screener as a valuable tool.

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To see all exchange delays and terms of use please see Barchart’s disclaimer. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Since then, HAL shares have decreased by 12.5% and is now trading at $34.42. Oil-services firm Halliburton reported a mixed third quarter, with revenue missing estimates coupled with strong earnings. Jim Cramer says don’t turn bearish on Halliburton (HAL) yet even as the oilfield services name tumbles.

Halliburton Co has upheld a steadfast record of dividend payments since 1986, with dividends currently being distributed quarterly. Below is a chart illustrating the annual Dividends Per Share to track historical trends. Halliburton’s stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Sanders Capital LLC (2.54%), Boston Partners (2.42%), FMR LLC (1.97%), Morgan Stanley (1.64%), Northern Trust Corp (1.03%) and Bank of New York Mellon Corp (0.99%). Oil-services company Halliburton Co. is in the spotlight following a report that more than $7 million of its equipment was imported into Russia following the company’s 2022 exit from the country. Oil and gas companies featured heavily in the list of top-performing S&P 500 companies in the third quarter, as rising crude prices lifted the outlook for profits.