FY2024 EPS Estimates for Halliburton Decreased by Analyst

Halliburton (NYSE:HAL) – Atb Cap Markets reduced their FY2024 EPS estimates for shares of Halliburton in a note issued to investors on Thursday, November 7th. Atb Cap Markets analyst W. Syed now expects that the oilfield services company will earn $2.99 per share for the year, down from their prior estimate of $3.11. The consensus estimate for Halliburton’s current full-year earnings is $3.12 per share. Atb Cap Markets also issued estimates for Halliburton’s Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.68 EPS, Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.77 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $2.98 EPS, Q1 2026 earnings at $0.74 EPS, Q2 2026 earnings at $0.80 EPS, Q3 2026 earnings at $0.85 EPS and FY2026 earnings at $3.21 EPS.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period last year, the firm earned $0.79 EPS. Halliburton’s quarterly revenue was down 1.8% compared to the same quarter last year.

A number of other equities analysts have also recently commented on HAL. Stifel Nicolaus reduced their price objective on shares of Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Jefferies Financial Group decreased their price target on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Evercore ISI cut their price objective on shares of Halliburton from $52.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. TD Cowen decreased their target price on Halliburton from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Finally, Dbs Bank assumed coverage on Halliburton in a research note on Wednesday, September 18th. They set a “buy” rating and a $45.00 target price on the stock. Four research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.79.

Halliburton Stock Down 1.1 %

HAL stock opened at $29.23 on Monday. Halliburton has a 1-year low of $27.26 and a 1-year high of $41.56. The business’s 50 day simple moving average is $29.10 and its 200 day simple moving average is $32.49. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $25.81 billion, a PE ratio of 10.18, a PEG ratio of 2.01 and a beta of 1.89.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.33%. Halliburton’s dividend payout ratio (DPR) is 23.69%.

Institutional Investors Weigh In On Halliburton

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cary Street Partners Asset Management LLC grew its holdings in shares of Halliburton by 56.5% during the 3rd quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company’s stock valued at $4,563,000 after purchasing an additional 56,707 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Halliburton by 146.0% during the second quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company’s stock worth $28,455,000 after buying an additional 500,000 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Halliburton by 105.2% during the second quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company’s stock worth $6,316,000 after buying an additional 95,864 shares in the last quarter. Semanteon Capital Management LP bought a new position in shares of Halliburton in the 3rd quarter valued at $1,181,000. Finally, EverSource Wealth Advisors LLC grew its position in Halliburton by 319.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 36,956 shares of the oilfield services company’s stock worth $1,385,000 after acquiring an additional 28,137 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

About Halliburton

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.