Q2 2024 Earnings Forecast for Halliburton (NYSE:HAL) Issued By Atb Cap Markets

Halliburton (NYSE:HAL) – Atb Cap Markets lowered their Q2 2024 earnings estimates for Halliburton in a research note issued on Thursday, June 27th. Atb Cap Markets analyst W. Syed now anticipates that the oilfield services company will post earnings per share of $0.80 for the quarter, down from their prior 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.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Tuesday, April 23rd. The oilfield services company reported $0.76 EPS for the quarter, beating 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 business had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same period last year, the firm earned $0.72 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year.

A number of other equities analysts have also recently weighed in on HAL. Benchmark reaffirmed a “buy” rating and set a $45.00 price target on shares of Halliburton in a research note on Wednesday, April 24th. Citigroup lowered their target price on shares of Halliburton from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday. StockNews.com upgraded shares of Halliburton from a “hold” rating to a “buy” rating in a research report on Tuesday, June 25th. Wells Fargo & Company decreased their price target on Halliburton from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. Finally, The Goldman Sachs Group raised their price objective on Halliburton from $46.00 to $48.00 in a research note on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Halliburton has a consensus rating of “Buy” and a consensus price target of $48.75.

Halliburton Trading Down 1.0 %

NYSE:HAL opened at $33.43 on Monday. The stock has a market capitalization of $29.60 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.86 and a beta of 1.93. Halliburton has a 1 year low of $32.35 and a 1 year high of $43.85. The stock has a fifty day moving average price of $35.89 and a two-hundred day moving average price 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 Dividend Announcement

The company also recently announced 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 2.03%. The ex-dividend date was Wednesday, June 5th. Halliburton’s payout ratio is 23.53%.

Insider Buying and Selling at Halliburton

In related news, SVP Jill D. Sharp sold 3,346 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $37.00, for a total transaction of $123,802.00. Following the transaction, the senior vice president now owns 40,185 shares of the company’s stock, valued at $1,486,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Jill D. Sharp sold 3,346 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now directly owns 40,185 shares in the company, valued at $1,486,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $1,437,701.72. Following the completion of the sale, the insider now directly owns 130,783 shares in the company, valued at $4,828,508.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,287 shares of company stock worth $1,930,704. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Halliburton

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new position in shares of Halliburton in the 1st quarter worth about $26,000. IAG Wealth Partners LLC acquired a new position in Halliburton during the first quarter valued at approximately $30,000. Ancora Advisors LLC lifted its position in Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock valued at $36,000 after buying an additional 719 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Halliburton during the fourth quarter worth approximately $33,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Halliburton in the fourth quarter worth $36,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

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.