Griffin Securities Expects Weaker Earnings for Halliburton

Halliburton (NYSE:HAL - Free Report) - Stock analysts at Griffin Securities dropped their FY2025 earnings estimates for shares of Halliburton in a note issued to investors on Monday, January 27th. Griffin Securities analyst K. Simpson now anticipates that the oilfield services company will post earnings of $2.50 per share for the year, down from their prior 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 $2.67 per share.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $5.83 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The business's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus reduced their price target on shares of Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. UBS Group lowered Halliburton from a "buy" rating to a "neutral" rating and reduced their target price for the company from $36.00 to $34.00 in a report on Monday, December 9th. Morgan Stanley cut their price target on Halliburton from $35.00 to $34.00 and set an "overweight" rating for the company in a research note on Monday, November 18th. JPMorgan Chase & Co. decreased their price objective on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, January 2nd. Finally, Wells Fargo & Company dropped their target price on shares of Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.42.

Halliburton Trading Down 1.9 %

HAL traded down $0.50 during trading on Thursday, reaching $25.52. The company had a trading volume of 11,223,933 shares, compared to its average volume of 11,698,716. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. Halliburton has a 12-month low of $25.27 and a 12-month high of $41.56. The company has a market cap of $22.42 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 3.60 and a beta of 1.91. The firm's 50-day simple moving average is $28.35 and its 200 day simple moving average is $29.65.

Hedge Funds Weigh In On Halliburton

A number of institutional investors and hedge funds have recently bought and sold shares of HAL. Country Trust Bank acquired a new position in Halliburton during the 3rd quarter worth about $36,000. Sierra Ocean LLC bought a new position in Halliburton in the fourth quarter valued at approximately $36,000. Continuum Advisory LLC grew its stake in shares of Halliburton by 101.2% during 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 during the period. Modus Advisors LLC bought a new stake in shares of Halliburton in the 4th quarter valued at about $38,000. Finally, ORG Wealth Partners LLC bought a new stake in Halliburton in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 annualized dividend and a yield of 2.66%. Halliburton's dividend payout ratio is 24.03%.

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.