Analysts Offer Predictions for Halliburton FY2024 Earnings

Halliburton (NYSE:HAL - Free Report) - Atb Cap Markets lowered their FY2024 earnings per share estimates for shares of Halliburton in a research report issued on Thursday, November 7th. Atb Cap Markets analyst W. Syed now forecasts that the oilfield services company will post earnings per share of $2.99 for the year, down from their previous estimate of $3.11. The consensus estimate for Halliburton's current full-year earnings is $3.09 per share. Atb Cap Markets also issued estimates for Halliburton's Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.68 EPS, Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.77 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $2.98 EPS, Q1 2026 earnings at $0.74 EPS, Q2 2026 earnings at $0.80 EPS, Q3 2026 earnings at $0.85 EPS and FY2026 earnings at $3.21 EPS.

A number of other equities analysts have also recently issued reports on HAL. Bank of America cut their price objective on shares of Halliburton from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. JPMorgan Chase & Co. reduced their price objective on Halliburton from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Monday, July 22nd. TD Cowen lowered their target price on Halliburton from $47.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, July 22nd. Jefferies Financial Group reduced their price target on shares of Halliburton from $47.00 to $46.00 and set a "buy" rating for the company in a research report on Tuesday, September 24th. Finally, Stifel Nicolaus lowered their price objective on shares of Halliburton from $45.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.79.

Halliburton Stock Up 3.1 %

NYSE HAL traded up $0.92 on Monday, hitting $30.15. 9,786,430 shares of the company were exchanged, compared to its average volume of 8,055,455. Halliburton has a 12 month low of $27.26 and a 12 month high of $41.56. The company has a current ratio of 2.21, a quick ratio of 1.54 and a debt-to-equity ratio of 0.74. The company has a market cap of $26.62 billion, a PE ratio of 10.18, a PEG ratio of 1.93 and a beta of 1.89. The stock has a fifty day moving average of $29.10 and a 200-day moving average of $32.45.

Halliburton (NYSE:HAL - Get Free Report) last posted its quarterly 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 business 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 28.33% and a net margin of 11.04%. Halliburton's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 earnings per share.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, September 4th. Halliburton's dividend payout ratio (DPR) is 23.69%.

Institutional Trading of Halliburton

Several hedge funds have recently made changes to their positions in HAL. Cary Street Partners Asset Management LLC boosted its holdings in Halliburton by 56.5% in the 3rd quarter. Cary Street Partners Asset Management LLC now owns 157,085 shares of the oilfield services company's stock worth $4,563,000 after buying an additional 56,707 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Halliburton by 146.0% in the second quarter. Canada Pension Plan Investment Board now owns 842,355 shares of the oilfield services company's stock worth $28,455,000 after acquiring an additional 500,000 shares during the period. Mackenzie Financial Corp grew its position in shares of Halliburton by 105.2% in the second quarter. Mackenzie Financial Corp now owns 186,961 shares of the oilfield services company's stock valued at $6,316,000 after purchasing an additional 95,864 shares in the last quarter. Semanteon Capital Management LP bought a new stake in shares of Halliburton during the 3rd quarter valued at $1,181,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Halliburton by 319.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 36,956 shares of the oilfield services company's stock worth $1,385,000 after purchasing an additional 28,137 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors.

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.