Halliburton FY2024 EPS Forecast Lowered by Zacks Research

Halliburton (NYSE:HAL - Free Report) - Stock analysts at Zacks Research cut their FY2024 EPS estimates for Halliburton in a research note issued to investors on Monday, December 23rd. Zacks Research analyst R. Department now forecasts that the oilfield services company will post earnings of $2.99 per share for the year, down from their prior forecast of $3.00. 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 $0.70 EPS, Q1 2025 earnings at $0.71 EPS, Q2 2025 earnings at $0.75 EPS, Q3 2025 earnings at $0.77 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $3.02 EPS, Q1 2026 earnings at $0.72 EPS, Q2 2026 earnings at $0.90 EPS, Q3 2026 earnings at $0.84 EPS and FY2026 earnings at $3.26 EPS.

Several other brokerages also recently weighed in on HAL. BMO Capital Markets cut their target price 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. Piper Sandler started coverage on Halliburton in a report on Thursday, December 19th. They issued an "overweight" rating and a $36.00 price target for the company. Raymond James reduced their target price on Halliburton from $41.00 to $37.00 and set a "strong-buy" rating for the company in a report on Friday, November 8th. Barclays reiterated an "equal weight" rating and set a $33.00 price target (down previously from $43.00) on shares of Halliburton in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group lowered their target price on shares of Halliburton from $47.00 to $46.00 and set a "buy" rating on the stock in a report on Tuesday, September 24th. Six investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Halliburton currently has an average rating of "Moderate Buy" and a consensus target price of $39.58.

Halliburton Trading Up 2.2 %

Shares of NYSE HAL traded up $0.58 during trading on Wednesday, reaching $26.84. The stock had a trading volume of 4,461,652 shares, compared to its average volume of 8,215,268. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.62 and a current ratio of 2.21. The company has a market cap of $23.58 billion, a P/E ratio of 9.35, a PEG ratio of 3.61 and a beta of 1.90. The business's 50-day moving average price is $29.22 and its 200-day moving average price is $30.88. Halliburton has a fifty-two week low of $25.51 and a fifty-two week high of $41.56.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.02). The company had revenue of $5.70 billion for the quarter, compared to analysts' expectations of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS.

Institutional Investors Weigh In On Halliburton

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Country Trust Bank acquired a new stake in shares of Halliburton during the 3rd quarter worth about $36,000. Continuum Advisory LLC grew its holdings in shares of Halliburton by 101.2% during 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 during the period. ORG Wealth Partners LLC acquired a new stake in shares of Halliburton in the third quarter worth $44,000. Venturi Wealth Management LLC increased its holdings in Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company's stock valued at $47,000 after purchasing an additional 412 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Halliburton by 28.8% in the third quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock valued at $51,000 after buying an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company's stock.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Wednesday, December 4th will be given a $0.17 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.53%. Halliburton's dividend payout ratio is presently 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.