Published: Thu, January 26, 2017
Sci-tech | By Jose Becker

Key Takeaways from Halliburton Company (HAL) Q4 Earnings

Key Takeaways from Halliburton Company (HAL) Q4 Earnings

Halliburton Company (HAL) released earnings for fourth quarter that fell compared to the same period past year.

Total revenue fell 21% to $4.02 billion.

Halliburton Company (NYSE:HAL) have shown a low EPS growth of -19.10% in the last 5 years and has earnings growth of 111.00% yoy. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/01/25/bmo-capital-markets-analysts-give-halliburton-company-hal-a-67-00-price-target.html. The customers in the US and Canada has boosted the number of oil and natural gas drilling rigs 19 percent in the last three months of the year. It has reported that fourth-quarter net losses narrowed to $204 million from $1.02 billion a year earlier. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.06 billion. The company's market cap is $49.44 billion.

Other equities analysts have also recently issued research reports about the stock. Analysts polled by Thomson Reuters have a current consensus target on company stock of $62.980.

Halliburton's capital expenditure in the fourth quarter was $173 million, bringing the full-year spending to $798 million - much lower than the 2015 outgo of $2,184 million. The stock is showing its Operating Margin of -39.8 percent.

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Several investment firms issued their expert ratings on Halliburton Company (NYSE:HAL) in which Bernstein Initiates Coverage On Halliburton Company (NYSE:HAL) to Outperform by settling a price target of $64 on 12/02/16.

The company in its 4Q earnings release noted that as the demand for its equipment reflected an increase, and availability tend to tighten up, the customer discussion tend to revolve more around unsustainable level of pricing; the analyst believe it was the need of the hour to make a possible return before the company could add further equipment.

Out of 31 analysts covering Halliburton Company (NYSE:HAL), 27 rate it a "Buy", 0 "Sell", while 4 "Hold". However, after the company announced fourth quarter results shares were a little heavy in the pre-market with shares trading around $55.70 after closing Friday at $56.45, representing a marginal 1.3% drop in value. Halliburton Company makes up approx 0.09% of Umb Bank N Amo's portfolio.Asset Management firm, Msi Financial Services Inc reduced its stake in HAL by selling 1,667 shares or 8.84% in the most recent quarter. Halliburton Company was Initiated by SunTrust to "Buy" on Jan 18, 2017.

Shale producers, encouraged by a rise in crude prices after a slump of more than two years, have been drilling and completing more wells in North America. If a company has a PEG Ratio under one, it may be seen as undervalued.

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