Capital One Financial Forecasts Halliburton FY2025 Earnings

Halliburton (NYSE:HAL - Free Report) - Stock analysts at Capital One Financial lowered 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 forecasts that the oilfield services company will post earnings of $2.60 per share for the year, down from their prior forecast 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 announced its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 10.90% and a return on equity of 26.03%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 EPS.

A number of other brokerages have also recently issued reports on HAL. Bank of America lowered their price objective on Halliburton from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Evercore ISI decreased their target price on shares of Halliburton from $43.00 to $35.00 and set an "outperform" rating for the company in a research note on Wednesday, January 15th. Barclays cut their target price on shares of Halliburton from $32.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on Halliburton from $39.00 to $34.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Finally, Raymond James lowered Halliburton from a "strong-buy" rating to a "market perform" rating in a research note on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Halliburton presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.42.

Halliburton Stock Down 2.0 %

Shares of HAL stock traded down $0.55 during mid-day trading on Monday, reaching $26.70. 9,172,974 shares of the company's stock traded hands, compared to its average volume of 11,282,918. The company has a market cap of $23.45 billion, a P/E ratio of 9.43, a P/E/G ratio of 3.58 and a beta of 1.91. The company has a quick ratio of 1.62, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. Halliburton has a 12 month low of $25.51 and a 12 month high of $41.56. The company's 50-day moving average price is $28.75 and its 200-day moving average price is $29.91.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.55%. Halliburton's dividend payout ratio (DPR) is 24.03%.

Institutional Trading of Halliburton

A number of large investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its position in shares of Halliburton by 23.4% during the fourth quarter. Empowered Funds LLC now owns 317,188 shares of the oilfield services company's stock worth $8,624,000 after acquiring an additional 60,081 shares during the period. Wilmington Savings Fund Society FSB lifted its position in shares of Halliburton by 3.7% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 12,776 shares of the oilfield services company's stock valued at $347,000 after buying an additional 453 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in Halliburton by 13.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 10,974 shares of the oilfield services company's stock worth $298,000 after purchasing an additional 1,280 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in shares of Halliburton by 52.1% during the fourth quarter. Apollon Wealth Management LLC now owns 18,222 shares of the oilfield services company's stock valued at $495,000 after acquiring an additional 6,243 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Halliburton during the 4th quarter worth about $165,000. 85.23% of the stock is owned by hedge funds and other 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.