Atb Cap Markets Analysts Reduce Earnings Estimates for Halliburton (NYSE:HAL)

Halliburton (NYSE:HALFree Report) – Stock analysts at Atb Cap Markets decreased their Q2 2024 earnings per share (EPS) estimates for Halliburton in a note issued to investors on Thursday, June 27th. Atb Cap Markets analyst W. Syed now forecasts that the oilfield services company will post earnings per share of $0.80 for the quarter, down from their previous forecast of $0.81. The consensus estimate for Halliburton’s current full-year earnings is $3.37 per share. Atb Cap Markets also issued estimates for Halliburton’s Q3 2024 earnings at $0.88 EPS, Q4 2024 earnings at $0.92 EPS, FY2024 earnings at $3.35 EPS, Q2 2025 earnings at $0.96 EPS, Q3 2025 earnings at $1.01 EPS, Q4 2025 earnings at $1.03 EPS, FY2025 earnings at $3.92 EPS, Q1 2026 earnings at $0.99 EPS and FY2026 earnings at $4.15 EPS.

HAL has been the subject of several other research reports. Susquehanna reissued a “positive” rating and issued a $49.00 price target on shares of Halliburton in a research note on Monday, April 8th. Jefferies Financial Group raised their target price on Halliburton from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Citigroup decreased their target price on Halliburton from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Friday. StockNews.com raised Halliburton from a “hold” rating to a “buy” rating in a research note on Tuesday, June 25th. Finally, Wells Fargo & Company decreased their target price on Halliburton from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Halliburton has a consensus rating of “Buy” and an average target price of $48.75.

View Our Latest Stock Analysis on Halliburton

Halliburton Trading Up 0.5 %

NYSE:HAL opened at $33.78 on Monday. Halliburton has a 1 year low of $32.27 and a 1 year high of $43.85. The stock has a market cap of $29.91 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 0.86 and a beta of 1.93. The business has a fifty day moving average of $35.89 and a 200-day moving average of $36.35. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.52 and a current ratio of 2.12.

Halliburton (NYSE:HALGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Wednesday, June 5th. Halliburton’s dividend payout ratio is currently 23.53%.

Insider Buying and Selling

In related news, SVP Jill D. Sharp sold 3,346 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total value of $123,802.00. Following the completion of the sale, the senior vice president now directly owns 40,185 shares of the company’s stock, valued at approximately $1,486,845. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Jeffrey Shannon Slocum sold 38,941 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $36.92, for a total transaction of $1,437,701.72. Following the completion of the sale, the insider now directly owns 130,783 shares of the company’s stock, valued at approximately $4,828,508.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jill D. Sharp sold 3,346 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $37.00, for a total value of $123,802.00. Following the sale, the senior vice president now directly owns 40,185 shares of the company’s stock, valued at $1,486,845. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,287 shares of company stock valued at $1,930,704. Corporate insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Halliburton

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in shares of Halliburton during the 1st quarter worth about $26,000. IAG Wealth Partners LLC bought a new position in shares of Halliburton in the 1st quarter valued at approximately $30,000. Johnson Financial Group Inc. bought a new position in shares of Halliburton in the 4th quarter valued at approximately $33,000. Ancora Advisors LLC raised its stake in shares of Halliburton by 443.8% in the 3rd quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after acquiring an additional 719 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in shares of Halliburton in the 4th quarter valued at approximately $36,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Halliburton (NYSE:HAL)

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