Halliburton FY2027 EPS Estimate Decreased by Atb Cap Markets

Halliburton (NYSE:HAL - Free Report) - Equities researchers at Atb Cap Markets lowered their FY2027 EPS estimates for Halliburton in a research note issued to investors on Tuesday, April 22nd. Atb Cap Markets analyst W. Syed now forecasts that the oilfield services company will post earnings per share of $2.31 for the year, down from their previous estimate of $2.65. The consensus estimate for Halliburton's current full-year earnings is $2.64 per share.

HAL has been the topic of a number of other research reports. Raymond James downgraded Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Citigroup reduced their price target on shares of Halliburton from $33.00 to $31.00 and set a "buy" rating on the stock in a research note on Thursday. Evercore ISI dropped their price objective 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. Benchmark dropped their price target on Halliburton from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. Finally, Barclays lowered their target price on Halliburton from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Halliburton presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.68.

Halliburton Stock Performance

NYSE HAL opened at $21.19 on Friday. Halliburton has a 1 year low of $18.72 and a 1 year high of $38.91. The firm has a market capitalization of $18.27 billion, a price-to-earnings ratio of 7.49, a P/E/G ratio of 3.79 and a beta of 1.45. 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's 50 day simple moving average is $23.86 and its 200 day simple moving average is $26.87.

Halliburton (NYSE:HAL - Get Free Report) last released its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 earnings per share for the quarter, meeting analysts' consensus estimates of $0.60. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.28 billion. Halliburton had a return on equity of 26.03% and a net margin of 10.90%.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 3.21%. Halliburton's payout ratio is currently 28.45%.

Insider Activity

In other Halliburton news, CFO Eric Carre sold 141,206 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $26.13, for a total transaction of $3,689,712.78. Following the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,321,149.13. This represents a 52.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction on Friday, March 7th. The shares were sold at an average price of $24.60, for a total transaction of $258,226.20. Following the completion of the sale, the vice president now owns 77,784 shares of the company's stock, valued at $1,913,486.40. This represents a 11.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 206,782 shares of company stock valued at $5,321,170 in the last ninety days. 0.61% of the stock is owned by company insiders.

Hedge Funds Weigh In On Halliburton

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mediolanum International Funds Ltd raised its stake in Halliburton by 48.2% during the 4th quarter. Mediolanum International Funds Ltd now owns 71,797 shares of the oilfield services company's stock worth $1,931,000 after buying an additional 23,340 shares during the period. Sei Investments Co. increased its holdings in shares of Halliburton by 18.2% during the fourth quarter. Sei Investments Co. now owns 278,934 shares of the oilfield services company's stock valued at $7,584,000 after acquiring an additional 42,876 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Halliburton by 3.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,257,250 shares of the oilfield services company's stock worth $61,375,000 after purchasing an additional 80,567 shares during the period. Congress Asset Management Co. bought a new position in shares of Halliburton in the 4th quarter worth $621,000. Finally, Massachusetts Wealth Management grew its position in Halliburton by 180.9% in the 4th quarter. Massachusetts Wealth Management now owns 43,675 shares of the oilfield services company's stock valued at $1,188,000 after purchasing an additional 28,125 shares during the period. Institutional investors own 85.23% of the company's stock.

Halliburton Company Profile

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.

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