FY2025 EPS Estimates for Halliburton Cut by Analyst

Halliburton (NYSE:HAL) – Analysts at Capital One Financial reduced their FY2025 EPS estimates for Halliburton in a research report issued to clients and investors on Thursday, January 23rd. Capital One Financial analyst D. Becker now anticipates that the oilfield services company will post earnings per share of $2.60 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.

Other research analysts also recently issued reports about the stock. Piper Sandler began coverage on shares of Halliburton in a research note on Thursday, December 19th. They issued an “overweight” rating and a $36.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $34.00 price objective on shares of Halliburton in a research report on Thursday, January 23rd. Benchmark dropped their target price on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Jefferies Financial Group reduced their price target on Halliburton from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Finally, Griffin Securities cut Halliburton from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.42.

Halliburton Price Performance

Shares of Halliburton stock opened at $26.70 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.62. Halliburton has a one year low of $25.51 and a one year high of $41.56. The business’s 50 day simple moving average is $28.75 and its two-hundred day simple moving average is $29.91. The stock has a market capitalization of $23.45 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 3.58 and a beta of 1.91.

Halliburton (NYSE:HAL) last released its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.02). Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same period in the prior year, the business posted $0.79 EPS. Halliburton’s revenue for the quarter was down 1.8% on a year-over-year basis.

Hedge Funds Weigh In On Halliburton

Institutional investors have recently bought and sold shares of the stock. Angeles Wealth Management LLC raised its stake in shares of Halliburton by 39.2% in the fourth quarter. Angeles Wealth Management LLC now owns 9,647 shares of the oilfield services company’s stock worth $262,000 after buying an additional 2,719 shares during the period. Kestra Private Wealth Services LLC increased its holdings in Halliburton by 14.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 31,877 shares of the oilfield services company’s stock worth $867,000 after acquiring an additional 3,911 shares in the last quarter. Empowered Funds LLC raised its stake in Halliburton by 23.4% during the 4th 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 holdings in 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 purchasing an additional 453 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in shares of 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 period. 85.23% of the stock is owned by institutional investors.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a yield of 2.55%. Halliburton’s dividend payout ratio is currently 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.