Halliburton FY2025 EPS Forecast Lowered by Zacks Research

Halliburton (NYSE:HAL) – Analysts at Zacks Research dropped their FY2025 EPS estimates for Halliburton in a report released on Wednesday, February 12th. Zacks Research analyst R. Department now forecasts that the oilfield services company will post earnings of $2.60 per share for the year, down from their previous estimate of $3.02. The consensus estimate for Halliburton’s current full-year earnings is $2.67 per share. Zacks Research also issued estimates for Halliburton’s FY2026 earnings at $2.68 EPS.

A number of other brokerages have also commented on HAL. Evercore ISI dropped their price target on Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Barclays cut their price target on shares of Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Stifel Nicolaus dropped their target price on shares of Halliburton from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. Finally, Benchmark reduced their target price on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Price Performance

Halliburton stock opened at $26.75 on Monday. The stock has a market cap of $23.50 billion, a P/E ratio of 9.45, a P/E/G ratio of 3.53 and a beta of 1.89. The company has a quick ratio of 1.54, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average price is $27.24 and its two-hundred day moving average price is $29.02. Halliburton has a 52 week low of $25.16 and a 52 week high of $41.56.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.54%. Halliburton’s dividend payout ratio (DPR) is 24.03%.

Insiders Place Their Bets

In related news, CFO Eric Carre sold 141,206 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the sale, the chief financial officer now owns 127,101 shares of the company’s stock, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Sanders Capital LLC boosted its stake in Halliburton by 1.6% during the fourth quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company’s stock valued at $662,694,000 after buying an additional 375,054 shares during the period. Geode Capital Management LLC boosted its position in shares of Halliburton by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company’s stock valued at $584,139,000 after acquiring an additional 908,271 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Halliburton by 10.4% during the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock worth $503,856,000 after purchasing an additional 1,748,763 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Halliburton by 15.6% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock worth $437,587,000 after purchasing an additional 2,171,722 shares during the last quarter. Finally, Amundi raised its stake in Halliburton by 22.2% in the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock valued at $353,242,000 after purchasing an additional 2,378,043 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

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.