[at Motley Fool] – While weakness in the North American pressure pumping market proved to be a major obstacle for Halliburton in 2013, things look set to improve later this year.
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Halliburton Company (HAL), currently valued at $42.45B, opened at $50.81.
Today’s price range has been between $49.88 and $50.93 per share with a trailing 52-week range being $35.71 to $56.52.
HAL shares are currently priced at 16.12x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.76x forward p/e ratio.
The company pays shareholders $0.60 per share annually in dividends, yielding 1.20%.
Consensus earnings for the current quarter by the 32 sell-side analysts covering the stock is an estimate of $0.89 per share, which would be $0.26 better than the year-ago quarter and a $0.12 sequential decrease. Investors should also note that the full-year EPS estimate of $3.11 is a $0.12 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.56 Billion. If reported, that would be a 3.70% increase over the year-ago quarter.
More recently, FBR Capital Initiated HAL at Mkt Perform (Dec 6, 2013). Previously, Global Hunter Securities downgraded HAL from Buy to Neutral.
The average price target for HAL shares by the analysts covering it is $65.78, which is 29.46% above where the stock opened.
Halliburton Company (NYSE:HAL), provides a range of services and products for the exploration, development and production of oil and natural gas to oil and gas companies worldwide. The company operates in two segments, Completion and Production and Drilling and Evaluation.
Tag Helper ~ Stock Code: HAL | Common Company name: Halliburton | Full Company name: Halliburton Company (NYSE:HAL) .