12.67 -0.02 (-0.16%)
After hours: 5:36PM EDT
Commodity Channel Index
|Bid||12.62 x 1200|
|Ask||12.68 x 3000|
|Day's Range||12.10 - 12.70|
|52 Week Range||4.25 - 25.47|
|Beta (5Y Monthly)||2.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 20, 2020|
|Forward Dividend & Yield||0.18 (1.50%)|
|Ex-Dividend Date||Jun 02, 2020|
|1y Target Est||9.96|
Stocks are rising as investors focus on reopening economies and largely look past the protests and rioting that has spread across the U.S.
The price of oil seems to be trending upward; maybe this is a buying opportunity. Four stocks in particular to avoid in June are Halliburton (NYSE: HAL), United States Oil Fund (NYSEMKT: USO), Occidental Petroleum (NYSE: OXY), and Patterson-UTI Energy (NASDAQ: PTEN). Here's why these Motley Fool contributors say you shouldn't be tricked into picking up shares of these likely underperformers.
Halliburton (HAL) closed the most recent trading day at $12.11, moving -0.66% from the previous trading session.
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Halliburton...
Halliburton (HAL) told investors it is cutting its dividend by 75%, while National Oilwell Varco (NOV) board suspended the quarterly payout indefinitely to retain cash in the business.
Halliburton Company (NYSE: HAL) will host a conference call on Monday, July 20, 2020, to discuss its second quarter 2020 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time).
Dividend announcements were mixed this past week for large companies, reflecting the divergent capital-allocation policies as companies try to preserve their cash during the coronavirus pandemic.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, National Oilwell Varco, HollyFrontier and Halliburton
The number of global cases of the coronavirus that causes COVID-19 rose to 4.9 million on Wednesday and Brazil suffered its worst fatalities since the start of the outbreak, prompting President Donald Trump to say he may bar entry to flights from Brazil.
Halliburton (HAL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The move adds urgency to a question that investors have already begun to ask about other industry players: If oil companies don’t pay big dividends, what’s the point of owning their stocks?
Oilfield services provider Halliburton slashes its quarterly dividend by 75% in a bid to cope with the dramatic plunge in oil prices that began in March.
U.S. oil prices experienced historic drops throughout March and April, brought on by the demand destruction caused by coronavirus-related lockdowns and a price war between producing nations. As oil and gas explorers slam the brakes on drilling to survive low prices, companies like Halliburton that provide drilling equipment and services have taken a major beating. Halliburton and larger rivals Schlumberger and Baker Hughes Co posted losses for the first quarter, owing to heavy writedowns on assets on the back of low oil prices.
Halliburton (HAL) has announced today a 2020 second quarter dividend of $0.045 a share on the company’s common stock payable on June 24, 2020, to shareholders of record at the close of business on June 3, 2020.This translates into a 75% decrease from the previous dividend payout of $0.180 and represents a forward yield of 1.61%.“The decision to set the quarterly dividend at a lower level reflects the current market conditions and uncertainties regarding the depth and duration of this downturn” Halliburton says.At the same time, the company’s board of directors also approved a 20% voluntary reduction to their annual retainer. This follows salary reductions already taken by the members of the executive committee.“Halliburton continues to take measures to strengthen our liquidity and financial resilience under the current circumstances. We implemented a $1 billion action plan to reduce overhead and other costs, lowered capital expenditures roughly 50% from 2019 levels and accelerated the implementation of our North American service delivery improvement strategy,” said Jeff Miller, Halliburton CEO.According to Miller, the lower dividend reflects a reasonable payout during these uncertain times.Shares in Halliburton, one of the world’s largest providers of products and services to the energy industry, have plummeted 54% so far year-to-date. And analysts are staying on the sidelines, with a Hold consensus and an average price target of $8.54- indicating further downside potential of 23%.Nonetheless RBC Capital’s Kurt Hallead maintains his buy rating on the stock, arguing “We continue to see HAL as a through-cycle core holding for mid- and large-cap energy investors given its disciplined approach to maximizing profitability, free cash flow and shareholder returns.” (See HAL stock analysis on TipRanks).Related News: GM Plans to Reopen Mexican Pickup Plant Next Week- Report Billionaire Steven Cohen Bets Big on These 3 Stocks 3 Airline Stocks to Bet on After the Coronavirus Crash More recent articles from Smarter Analyst: * Google Pay App May Face Anti-Trust Probe In India – Report * Trump Threatens Twitter After It Labels His Tweets "Potentially Misleading" * General Electric Surges 8% Amid Sale Of Lighting Unit To Savant * Gilead & Arcus Join Forces For 10-Year Cancer Deal, Arcus Down 15% In Pre-Market
Shares of Halliburton Co. rose 1.4% in premarket trading Wednesday, after the oil services company slashed its quarterly dividend by 75%, citing efforts to maintain a strong liquidity position given uncertainties regarding the depth and duration of the downturn in market conditions. The new dividend of 4.5 cents a share, down from 18 cents a share, will be payable June 24 to shareholders of record on June 3. Based on Tuesday's stock closing price of $11.15, the new annual dividend rate implies a dividend yield of 1.61%, compared with the yield for the SPDR Energy Select Sector ETF of 6.07% and the implied yield for the S&P 500 of 1.97%. Separately, Halliburton said annual retainers for its board of directors will be cut by 20%. The dividend cut comes as crude oil futures have plunged 47.4% year to date, as the COVID-19 pandemic has reduced demand and as the market grapples with a supply glut. Halliburton's stock has declined 54.5% this year, while the energy ETF has shed 37.0% and the S&P 500 has lost 9.5%.
Halliburton Company (NYSE: HAL) announced today that its board of directors has declared a 2020 second quarter dividend of four and one-half cents ($0.045) a share on the Company’s common stock payable on June 24, 2020, to shareholders of record at the close of business on June 3, 2020. The decision to set the quarterly dividend at a lower level reflects the current market conditions and uncertainties regarding the depth and duration of this downturn.
Oil prices rose and so did shares of energy services companies, as investors hope the worst is over in the oil patch.