Atb Cap Markets Weighs in on Halliburton's FY2024 Earnings (NYSE:HAL)

Halliburton (NYSE:HAL - Free Report) - Research analysts at Atb Cap Markets decreased their FY2024 EPS estimates for shares of Halliburton in a research note issued on Tuesday, October 1st. Atb Cap Markets analyst W. Syed now anticipates that the oilfield services company will post earnings per share of $3.11 for the year, down from their prior estimate of $3.15. The consensus estimate for Halliburton's current full-year earnings is $3.14 per share. Atb Cap Markets also issued estimates for Halliburton's Q4 2024 earnings at $0.78 EPS, Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.79 EPS, Q3 2025 earnings at $0.81 EPS, Q4 2025 earnings at $0.83 EPS, Q1 2026 earnings at $0.78 EPS, Q2 2026 earnings at $0.82 EPS and Q3 2026 earnings at $0.88 EPS.

Halliburton (NYSE:HAL - Get Free Report) last issued its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.80. The business had revenue of $5.83 billion during the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.77 EPS.

Several other research firms have also weighed in on HAL. Royal Bank of Canada lowered Halliburton from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $44.00 to $37.00 in a research note on Friday, September 13th. StockNews.com lowered shares of Halliburton from a "buy" rating to a "hold" rating in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. cut their price objective on Halliburton from $45.00 to $40.00 and set an "overweight" rating for the company in a report on Monday, July 22nd. Dbs Bank began coverage on shares of Halliburton in a report on Wednesday, September 18th. They issued a "buy" rating and a $45.00 price target for the company. Finally, Susquehanna lowered their target price on shares of Halliburton from $49.00 to $46.00 and set a "positive" rating for the company in a research note on Monday, July 22nd. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.56.

Halliburton Price Performance

HAL stock traded up $0.86 during trading hours on Thursday, hitting $30.73. 16,448,956 shares of the stock traded hands, compared to its average volume of 7,911,906. Halliburton has a one year low of $27.52 and a one year high of $43.85. The company has a current ratio of 2.13, a quick ratio of 1.54 and a debt-to-equity ratio of 0.76. The stock has a 50-day simple moving average of $30.53 and a 200 day simple moving average of $34.40. The company has a market cap of $27.20 billion, a P/E ratio of 10.63, a P/E/G ratio of 1.02 and a beta of 1.89.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.21%. Halliburton's dividend payout ratio (DPR) is 23.53%.

Insider Activity

In other news, EVP Van H. Beckwith sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total transaction of $367,500.00. Following the completion of the sale, the executive vice president now owns 273,908 shares in the company, valued at $10,066,119. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.61% of the company's stock.

Hedge Funds Weigh In On Halliburton

Hedge funds have recently bought and sold shares of the business. Rise Advisors LLC acquired a new position in Halliburton in the first quarter valued at about $26,000. Bruce G. Allen Investments LLC increased its stake in Halliburton by 274.9% in the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company's stock valued at $38,000 after acquiring an additional 822 shares during the last quarter. Crewe Advisors LLC acquired a new position in Halliburton during the first quarter valued at approximately $46,000. Beacon Capital Management LLC lifted its stake in Halliburton by 28.8% during the first quarter. Beacon Capital Management LLC now owns 1,382 shares of the oilfield services company's stock worth $54,000 after purchasing an additional 309 shares during the last quarter. Finally, General Partner Inc. acquired a new stake in shares of Halliburton in the 1st quarter valued at $55,000. 85.23% of the stock is owned by institutional investors.

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.