FY2024 EPS Estimates for Halliburton Reduced by Analyst

Halliburton (NYSE:HAL) – Investment analysts at Zacks Research cut their FY2024 EPS estimates for shares of Halliburton in a research report issued on Thursday, November 28th. Zacks Research analyst R. Department now anticipates that the oilfield services company will earn $3.00 per share for the year, down from their prior estimate of $3.12. The consensus estimate for Halliburton’s current full-year earnings is $3.00 per share. Zacks Research also issued estimates for Halliburton’s Q4 2024 earnings at $0.71 EPS, Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.79 EPS, Q4 2025 earnings at $0.80 EPS, FY2025 earnings at $3.08 EPS, Q1 2026 earnings at $0.74 EPS, Q2 2026 earnings at $0.92 EPS, Q3 2026 earnings at $0.86 EPS and FY2026 earnings at $3.35 EPS.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. Halliburton’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 earnings per share.

Other research analysts also recently issued reports about the stock. Stifel Nicolaus cut their price target on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 11th. Raymond James decreased their target price on Halliburton from $41.00 to $37.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 8th. Royal Bank of Canada cut shares of Halliburton from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $44.00 to $37.00 in a research report on Friday, September 13th. BMO Capital Markets cut their price target on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. Finally, Jefferies Financial Group dropped their price objective on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Four investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.74.

Halliburton Trading Up 0.5 %

Shares of HAL opened at $31.72 on Monday. The business’s 50-day moving average price is $29.79 and its 200-day moving average price is $31.69. The company has a quick ratio of 1.62, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The stock has a market cap of $27.87 billion, a PE ratio of 11.05, a P/E/G ratio of 3.90 and a beta of 1.90.

Institutional Trading of Halliburton

Several large investors have recently added to or reduced their stakes in the stock. Country Trust Bank bought a new stake in shares of Halliburton during the 3rd quarter valued at about $36,000. Bruce G. Allen Investments LLC raised its position in shares of Halliburton by 274.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after acquiring an additional 822 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock valued at $42,000 after purchasing an additional 698 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Halliburton during the third quarter valued at approximately $44,000. Finally, Venturi Wealth Management LLC raised its holdings in Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.14%. Halliburton’s dividend payout ratio is currently 23.69%.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.