FY2025 EPS Estimates for Halliburton Decreased by Analyst

Halliburton (NYSE:HAL) – Research analysts at Capital One Financial lowered their FY2025 EPS estimates for Halliburton in a report released on Thursday, January 23rd. Capital One Financial analyst D. Becker now expects that the oilfield services company will earn $2.60 per share for the year, down from their prior forecast of $3.08. The consensus estimate for Halliburton’s current full-year earnings is $2.94 per share.

Halliburton (NYSE:HAL) last released 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 firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. Halliburton’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 earnings per share.

Several other brokerages have also commented on HAL. Wells Fargo & Company cut their price target on Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $34.00 price target on shares of Halliburton in a report on Thursday, January 23rd. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $34.00 in a research note on Monday, December 9th. Barclays reduced their price objective on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Finally, Raymond James cut Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Trading Down 2.0 %

Shares of HAL opened at $26.70 on Monday. The firm has a market capitalization of $23.45 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 3.58 and a beta of 1.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.62. Halliburton has a 1-year low of $25.51 and a 1-year high of $41.56. The company has a 50-day moving average of $28.75 and a 200 day moving average of $29.91.

Institutional Investors Weigh In On Halliburton

Several hedge funds have recently made changes to their positions in HAL. Sei Investments Co. increased its stake in Halliburton by 34.6% in the 2nd quarter. Sei Investments Co. now owns 201,100 shares of the oilfield services company’s stock valued at $6,793,000 after buying an additional 51,679 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Halliburton by 127.2% in the second quarter. AQR Capital Management LLC now owns 1,557,130 shares of the oilfield services company’s stock valued at $52,600,000 after acquiring an additional 871,789 shares in the last quarter. MBB Public Markets I LLC acquired a new position in shares of Halliburton during the second quarter worth about $2,248,000. Mackenzie Financial Corp raised its holdings in 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 purchasing an additional 95,864 shares in the last quarter. Finally, Scientech Research LLC acquired a new stake in Halliburton in the second quarter valued at about $365,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Wednesday, December 4th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s dividend payout ratio is currently 24.03%.

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.