Zacks Research Decreases Earnings Estimates for Halliburton

Halliburton (NYSE:HAL) – Equities research analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for Halliburton in a report released 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 prior forecast 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 topic of a number of other research reports. BMO Capital Markets decreased their price target on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company decreased their target price on Halliburton from $46.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 25th. Susquehanna dropped their price target on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Barclays decreased their price objective on Halliburton from $47.00 to $43.00 and set an “overweight” rating on the stock 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 target price for the company. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong 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 $40.74.

Halliburton Price Performance

NYSE:HAL opened at $31.56 on Monday. The company has a market cap of $27.73 billion, a P/E ratio of 11.00, a P/E/G ratio of 3.92 and a beta of 1.89. The firm’s fifty day moving average price is $29.72 and its two-hundred day moving average price is $31.77. Halliburton has a one year low of $27.26 and a one year high of $41.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.21 and a quick ratio of 1.62.

Halliburton (NYSE:HAL) last posted its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.83 billion. During the same period in the previous year, the firm posted $0.79 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.15%. Halliburton’s dividend payout ratio (DPR) is currently 23.69%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Country Trust Bank acquired a new position in shares of Halliburton during the third quarter worth $36,000. Bruce G. Allen Investments LLC increased its holdings 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 increased its holdings 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 acquired a new stake in shares of Halliburton during the third quarter valued at about $44,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Halliburton by 34.2% during the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after purchasing an additional 412 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

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.