Halliburton Company (NYSE:HAL) is set to announce second quarter earning results on Monday 20th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HAL to report 2Q20 loss of $ 0.12 per share.
For the full year, analysts anticipate top line of $ 14683.50 million, while looking forward to loss of $ 0.08 per share bottom line.
Previous Quarter Performance
Halliburton Company outlined income for the first quarter of $ 0.31 per share, from the revenue of $ 5,037.00 million. The quarterly earnings swell 34.78 percent while revenues contracted 8.85 percent compared with the same quarter last year.
Wall street analysts are predicting, HAL to report 1Q20 income of $ 0.24 per share from revenue of $ 5007.11 million. The bottom line results beat street analysts by $ 0.07 or 29.17 percent, at the same time, top line results outshined analysts by $ 29.89 million or 0.60 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of HAL was $ 13.08, representing a 207.76 % increase from the 52 week low of $ 4.25 and a 48.65 % decrease over the 52 week high of $ 25.47.
The company has a market capital of $ 11.47 billion and is part of the Energy sector and Oil & Gas Equipment & Services industry.
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Recent Analyst recommendations
On 15th July 2020, upgraded by Cowen to Outperform from Market Perform rating, with $ 17.00 target price.
On 13th July 2020, maintained by Raymond James at Strong Buy rating, with $ 15.00 target price.
On 9th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 12.00 target price.
On 25th June 2020, maintained by Citigroup at Neutral rating, with $ 12.00 target price.
On 29th May 2020, downgraded by Cowen to Market Perform from Outperform rating.
Recent Stock Dividend Announcement
On May 20, 2020, the board of directors authorized 2Q20 dividend of $ 0.045 per share to holders of record as of the close of business on June 3, 2020, with payment date of June 24, 2020 and ex-dividend date on June 2, 2020.
Conference Call
Halliburton Company will be hosting a conference call at 9:00 AM eastern time on 20th July 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, (844) 358-9181 U.S. or +1 (478) 219-0188 Toll Number in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/ozsuo3hi
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.
