Brokers Offer Predictions for Halliburton FY2025 Earnings

Halliburton (NYSE:HAL - Free Report) - Investment analysts at Capital One Financial decreased their FY2025 earnings per share estimates for shares of Halliburton in a research note issued to investors on Thursday, January 23rd. Capital One Financial analyst D. Becker now anticipates that the oilfield services company will earn $2.60 per share for the year, down from their previous estimate of $3.08. The consensus estimate for Halliburton's current full-year earnings is $2.94 per share.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results 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 company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.83 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. Halliburton's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS.

Other equities research analysts also recently issued research reports about the stock. Evercore ISI dropped their price target on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 15th. Benchmark dropped their target price on Halliburton from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday. Morgan Stanley reduced their price target on Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a report on Monday, November 18th. Jefferies Financial Group dropped their price objective on Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a report on Friday, January 3rd. Finally, Griffin Securities downgraded shares of Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.42.

Remove Ads

Halliburton Stock Down 1.9 %

Shares of HAL traded down $0.53 during mid-day trading on Monday, reaching $27.27. 14,325,740 shares of the stock traded hands, compared to its average volume of 11,485,072. The stock has a fifty day simple moving average of $28.81 and a 200 day simple moving average of $29.95. Halliburton has a 12-month low of $25.51 and a 12-month high of $41.56. The company has a quick ratio of 1.62, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The firm has a market cap of $23.95 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 3.58 and a beta of 1.91.

Institutional Investors Weigh In On Halliburton

Large investors have recently made changes to their positions in the company. Country Trust Bank acquired a new stake in Halliburton in the 3rd quarter valued at approximately $36,000. Continuum Advisory LLC grew its stake in shares of Halliburton by 101.2% in the third 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. Modus Advisors LLC acquired a new position in shares of Halliburton during the fourth quarter valued at $38,000. ORG Wealth Partners LLC bought a new stake in shares of Halliburton during the third quarter valued at about $44,000. Finally, Mattson Financial Services LLC acquired a new stake in Halliburton in the second quarter worth about $54,000. 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 Thursday, December 26th. Investors of record on Wednesday, December 4th were issued a $0.17 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.49%. Halliburton's dividend payout ratio (DPR) is presently 24.03%.

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.