Zacks Research Lowers Earnings Estimates for Halliburton

Halliburton (NYSE:HAL - Free Report) - Research analysts at Zacks Research lowered their FY2025 EPS estimates for shares of Halliburton in a research report issued to clients and investors on Wednesday, February 12th. Zacks Research analyst R. Department now expects that the oilfield services company will earn $2.60 per share for the year, down from their previous estimate of $3.02. The consensus estimate for Halliburton's current full-year earnings is $2.64 per share. Zacks Research also issued estimates for Halliburton's FY2026 earnings at $2.68 EPS.

Other equities analysts also recently issued research reports about the company. Morgan Stanley cut their price objective on Halliburton from $35.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, November 18th. Evercore ISI decreased their price objective on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a report on Wednesday, January 15th. Piper Sandler began coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an "overweight" rating and a $36.00 target price on the stock. Stifel Nicolaus lowered their price target on Halliburton from $42.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Finally, Griffin Securities lowered Halliburton from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.42.

Halliburton Trading Up 1.0 %

Shares of NYSE HAL traded up $0.28 during midday trading on Monday, hitting $27.02. The company's stock had a trading volume of 8,288,505 shares, compared to its average volume of 10,753,366. Halliburton has a 12-month low of $25.16 and a 12-month high of $41.56. The company has a current ratio of 2.05, a quick ratio of 1.54 and a debt-to-equity ratio of 0.68. The firm has a market cap of $23.45 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 3.76 and a beta of 1.89. The business's 50 day moving average is $27.15 and its two-hundred day moving average is $28.97.

Hedge Funds Weigh In On Halliburton

Hedge funds have recently modified their holdings of the stock. MidWestOne Financial Group Inc. grew its position in Halliburton by 4.4% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 8,610 shares of the oilfield services company's stock worth $250,000 after purchasing an additional 359 shares during the last quarter. Public Sector Pension Investment Board raised its stake in Halliburton by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 154,210 shares of the oilfield services company's stock worth $4,480,000 after acquiring an additional 390 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Halliburton by 28.8% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,759 shares of the oilfield services company's stock worth $51,000 after acquiring an additional 393 shares during the period. HBW Advisory Services LLC grew its stake in Halliburton by 3.9% during the 4th quarter. HBW Advisory Services LLC now owns 10,504 shares of the oilfield services company's stock valued at $286,000 after purchasing an additional 397 shares during the last quarter. Finally, Blume Capital Management Inc. increased its holdings in shares of Halliburton by 33.3% in the fourth quarter. Blume Capital Management Inc. now owns 1,600 shares of the oilfield services company's stock valued at $44,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 85.23% of the company's stock.

Insider Activity at Halliburton

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total value of $3,689,712.78. Following the completion of the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,321,149.13. This trade represents a 52.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.52%. Halliburton's 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.