Zacks Research Reduces Earnings Estimates for Halliburton

Halliburton (NYSE:HAL) – Stock analysts at Zacks Research dropped their FY2024 earnings per share estimates for shares of Halliburton in a research note issued on Thursday, November 28th. Zacks Research analyst R. Department now forecasts that the oilfield services company will post earnings of $3.00 per share for the year, down from their previous 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.

HAL has been the subject of a number of other research reports. UBS Group lowered their target price on shares of Halliburton from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Morgan Stanley dropped their price objective on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Barclays cut their target price on Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Susquehanna lowered their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Finally, Dbs Bank started coverage on Halliburton in a report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price target 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.74.

Halliburton Stock Down 0.9 %

Shares of NYSE HAL opened at $31.56 on Monday. The company’s 50 day moving average price is $29.72 and its 200-day moving average price is $31.77. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. Halliburton has a 52-week low of $27.26 and a 52-week high of $41.56. The company has a market capitalization of $27.73 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 3.92 and a beta of 1.89.

Halliburton (NYSE:HAL) last posted its quarterly earnings data 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 analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share.

Institutional Investors Weigh In On Halliburton

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Country Trust Bank bought a new stake in shares of Halliburton in the 3rd quarter worth $36,000. Bruce G. Allen Investments LLC grew its position in 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 purchasing an additional 822 shares in the last quarter. Continuum Advisory LLC grew its position in Halliburton by 101.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,388 shares of the oilfield services company’s stock worth $42,000 after purchasing an additional 698 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Halliburton in the 3rd quarter valued at about $44,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Halliburton by 34.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after buying an additional 412 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Wednesday, December 4th. 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.