FY2024 EPS Estimates for Halliburton Decreased by Analyst

Halliburton (NYSE:HAL) – Atb Cap Markets dropped their FY2024 earnings estimates for shares of Halliburton in a report released on Thursday, November 7th. Atb Cap Markets analyst W. Syed now expects that the oilfield services company will post earnings of $2.99 per share for the year, down from their previous estimate of $3.11. The consensus estimate for Halliburton’s current full-year earnings is $3.09 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 issued its quarterly earnings data on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (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 the consensus estimate of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS.

A number of other equities research analysts have also recently issued reports on the stock. Susquehanna reduced their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research report on Friday. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Halliburton in a report on Friday. BMO Capital Markets lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Thursday, October 10th. Jefferies Financial Group cut their price target on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Finally, Morgan Stanley lowered their price objective on Halliburton from $45.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Four 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.79.

Halliburton Stock Performance

Shares of NYSE HAL opened at $30.15 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.54. The firm has a market cap of $26.62 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 1.93 and a beta of 1.89. The stock’s fifty day moving average price is $29.10 and its two-hundred day moving average price is $32.45. Halliburton has a one year low of $27.26 and a one year high of $41.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HAL. Price T Rowe Associates Inc. MD lifted its holdings in Halliburton by 46.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after buying an additional 19,237,784 shares during the period. Pacer Advisors Inc. boosted its holdings in Halliburton by 17,317.6% in the second quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after acquiring an additional 13,552,927 shares during the last quarter. LSV Asset Management increased its position in Halliburton by 24,954.1% during the 2nd quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock valued at $92,250,000 after purchasing an additional 2,720,000 shares during the period. Vanguard Group Inc. raised its holdings in Halliburton by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after purchasing an additional 2,618,740 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Halliburton by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock worth $340,752,000 after purchasing an additional 1,681,620 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton’s dividend payout ratio (DPR) is 23.69%.

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.