Atb Cap Markets Lowers Earnings Estimates for Halliburton

Halliburton (NYSE:HAL) – Equities researchers at Atb Cap Markets dropped their FY2024 earnings per share (EPS) estimates for shares of Halliburton in a research report issued to clients and investors on Thursday, November 7th. Atb Cap Markets analyst W. Syed now forecasts that the oilfield services company will post earnings per share of $2.99 for the year, down from their prior forecast of $3.11. The consensus estimate for Halliburton’s current full-year earnings is $3.09 per share. Atb Cap Markets also issued estimates for Halliburton’s Q4 2024 earnings at $0.70 EPS, Q1 2025 earnings at $0.68 EPS, Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.77 EPS, Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $2.98 EPS, Q1 2026 earnings at $0.74 EPS, Q2 2026 earnings at $0.80 EPS, Q3 2026 earnings at $0.85 EPS and FY2026 earnings at $3.21 EPS.

Halliburton (NYSE:HAL) last posted its earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing the consensus estimate 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 11.04% and a return on equity of 28.33%. Halliburton’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share.

Other equities analysts also recently issued research reports about the company. Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of Halliburton in a report on Friday, November 8th. BMO Capital Markets lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut their target price on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Barclays decreased their price target on shares of Halliburton from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Finally, Stifel Nicolaus dropped their price objective on Halliburton from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Four investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Halliburton currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.79.

Halliburton Stock Up 0.2 %

Shares of HAL stock opened at $30.19 on Monday. The stock’s 50 day simple moving average is $29.08 and its 200 day simple moving average is $32.39. Halliburton has a twelve month low of $27.26 and a twelve month high of $41.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.54 and a current ratio of 2.21. The company has a market capitalization of $26.65 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 1.93 and a beta of 1.89.

Halliburton Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders 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 annualized dividend and a dividend yield of 2.25%. Halliburton’s dividend payout ratio (DPR) is currently 23.69%.

Institutional Investors Weigh In On Halliburton

Several large investors have recently modified their holdings of HAL. Country Trust Bank bought a new stake in shares of Halliburton in the 3rd quarter worth about $36,000. Bruce G. Allen Investments LLC boosted its position 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 buying an additional 822 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Halliburton during the third quarter worth about $44,000. Crewe Advisors LLC acquired a new stake in shares of Halliburton during the first quarter worth approximately $46,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Halliburton by 34.2% in the third quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock valued at $47,000 after acquiring an additional 412 shares during the last quarter. 85.23% of the stock is currently 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.