Halliburton Company (NYSE:HAL) oil and gas equipment & services provider, is expected to report third quarter earnings results, before market open, on Monday 19th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.08 per share.
Looking ahead, the full year income are expected at $ 0.53 per share on the revenues of $ 14364.50 million.
Previous Quarter Performance
Halliburton Company announced loss for the second quarter of $ 1.91 per share, from the revenue of $ 3,196.00 million, On adjusted basis, HAL reported income for the quarter of $ 0.05 per share. The quarterly revenues down 46.10 percent compared with the same quarter last year. Wall street analysts are predicting, HAL to report 2Q20 loss of $ 0.12 per share from revenue of $ 3386.85 million. The bottom line results beat street analysts by $ 0.17 or 141.67 percent, at the same time, top line results fell short of analysts by $ 190.85 million or 5.64 percent.
Stock Performance
On Friday, shares of Halliburton Company has traded high as $ 13.07 and has cracked $ 12.21 on the downward trend, reaching $ 12.25 with volume of 18.27 million shares.
According to the previous trading day, closing price of $ 12.25, representing a 207.53 % increase from the 52 week low of $ 4.25 and a 48.68 % decrease over the 52 week high of $ 25.47.
The company has a market capital of $ 10.76 billion and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Recent Analyst recommendations
- On 2nd October 2020, initiated by BMO Capital Markets at Market Perform rating, with $ 14.00 target price.
Recent Stock Dividend Announcement
On August 10, 2020, the board of directors authorized quarterly dividend of $ 0.045 per share to holders of record as of the close of business on September 2, 2020, with payment date of September 23, 2020 and ex-dividend date on September 1, 2020.
Conference Call
Halliburton Company will be hosting a conference call at 9:00 AM eastern time on 19th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.halliburton.com
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The companys 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. It also provides completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger and sand control systems, and service tools; production solutions comprising coiled tubing, hydraulic workover units, and downhole tools; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.
