Griffin Securities Lowers Earnings Estimates for Halliburton

Halliburton (NYSE:HALFree Report) – Equities researchers at Griffin Securities lowered their FY2025 earnings estimates for shares of Halliburton in a research note issued to investors on Monday, January 27th. Griffin Securities analyst K. Simpson now anticipates that the oilfield services company will post earnings per share of $2.50 for the year, down from their previous forecast of $2.85. Griffin Securities currently has a “Neutral” rating on the stock. The consensus estimate for Halliburton’s current full-year earnings is $2.94 per share.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company reduced their price objective on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. JPMorgan Chase & Co. cut their price target on shares of Halliburton from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, January 2nd. Barclays lowered their target price on Halliburton from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Morgan Stanley reduced their price target on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Monday, November 18th. Finally, Raymond James cut shares of Halliburton from a “strong-buy” rating to a “market perform” rating in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Halliburton presently has an average rating of “Moderate Buy” and a consensus price target of $37.42.

Read Our Latest Report on HAL

Halliburton Price Performance

Shares of NYSE:HAL opened at $26.51 on Thursday. The company has a 50-day moving average price of $28.58 and a two-hundred day moving average price of $29.83. The firm has a market capitalization of $23.28 billion, a PE ratio of 9.37, a P/E/G ratio of 3.58 and a beta of 1.91. The company has a quick ratio of 1.62, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. Halliburton has a twelve month low of $25.51 and a twelve month high of $41.56.

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

Hedge Funds Weigh In On Halliburton

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strategic Financial Concepts LLC purchased a new position in shares of Halliburton in the 4th quarter worth $728,000. Principal Securities Inc. increased its holdings in Halliburton by 17.0% in the 4th quarter. Principal Securities Inc. now owns 8,422 shares of the oilfield services company’s stock worth $229,000 after acquiring an additional 1,221 shares in the last quarter. Congress Asset Management Co. bought a new stake in shares of Halliburton during the 4th quarter valued at $621,000. Banque Pictet & Cie SA raised its holdings in Halliburton by 18.6% during the fourth quarter. Banque Pictet & Cie SA now owns 54,762 shares of the oilfield services company’s stock valued at $1,489,000 after acquiring an additional 8,582 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in Halliburton by 3.0% in the 4th quarter. V Square Quantitative Management LLC now owns 26,801 shares of the oilfield services company’s stock worth $729,000 after purchasing an additional 787 shares during the period. Institutional investors 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. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s payout ratio is currently 24.03%.

About Halliburton

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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.

See Also

Earnings History and Estimates for Halliburton (NYSE:HAL)

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