6 Biggest Energy Earnings Reports Next Week

HAL data by YCharts

Halliburton (HAL)

Background: Halliburton provides various products and services to the energy industry for exploring, developing, and producing oil and natural gas worldwide. It operates in two segments, completion and production, and drilling and evaluation. The company was founded in 1919 and is based in Houston, Texas. Halliburton trades an average of 13 million shares per day with a marketcap of $32 billion.

52-Week Range: $26.28 to $40.43

Book Value: $15.70

Price to Book: 2.1

Investors aren't expecting an improvement in earnings. Analysts forecast per share results below last year in the same quarter. The earnings release is planned before the market opens on Oct. 17. The consensus estimate is currently 68 cents a share, backsliding 26 cents (27.7%) from 94 cents during the matching period in the previous year. The lowest analyst estimate for this report is 60 cents per share, and the highest is 75 cents per share.

Real Money's Dick Arms writes about Halliburton in Don't Believe the Hype.

Halliburton usually reminds me of a great trader named James Saraceno, in trevorbain.com's chat room. Every successful trader I know has something unique about their personality. Saraceno's quirk is a rhyme for stocks with a bullish or bearish view. I must have heard Saraceno say "Hal is your pal" 5 gazillion times, and now it's burned into my brain.

Halliburton has 25 buy recommendations out of 32 analysts covering the company, along with five holds, and one sell rating. The stock is about even for the year with a 1 % gain, and the average analyst target price for Halliburton is $43.33.

This stock currently has an annualized dividend of $0.36, yielding 1.07%.

Currently, the short interest based on the float is inconsequential and not a big concern. Short interest is 2.9%.

HAL Revenue Quarterly data by YCharts

I use Zacks.com, WSJ.com, Tradestation, and Reuters for my data. PE is generally adjusted PE based on an average number of shares.

Author does not hold a position in any stock mentioned.

Follow @RobertWeinstein

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

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