Halliburton (NYSE:HAL – Free Report) – Stock analysts at Atb Cap Markets dropped their FY2024 earnings per share estimates for Halliburton in a research note issued on Tuesday, October 1st. Atb Cap Markets analyst W. Syed now expects that the oilfield services company will post earnings of $3.11 per share 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.
HAL has been the subject of a number of other reports. Stifel Nicolaus decreased their price target on Halliburton from $47.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, July 16th. Royal Bank of Canada lowered Halliburton from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $44.00 to $37.00 in a research note on Friday, September 13th. JPMorgan Chase & Co. decreased their price target on Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Morgan Stanley decreased their price target on Halliburton from $45.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, Wells Fargo & Company decreased their price target on Halliburton from $46.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.56.
Halliburton Stock Up 1.2 %
HAL opened at $31.09 on Thursday. Halliburton has a 12 month low of $27.52 and a 12 month high of $43.85. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.13 and a quick ratio of 1.54. The stock has a market cap of $27.52 billion, a P/E ratio of 10.76, a P/E/G ratio of 1.02 and a beta of 1.89. The stock’s 50 day moving average price is $30.46 and its 200 day moving average price is $34.35.
Halliburton (NYSE:HAL – Get Free Report) last announced its quarterly earnings data on Friday, July 19th. The oilfield services company reported $0.80 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.95 billion. Halliburton had a return on equity of 29.97% and a net margin of 11.61%. Halliburton’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 earnings per share.
Halliburton Announces Dividend
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 $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.19%. Halliburton’s dividend payout ratio (DPR) is presently 23.53%.
Insider Transactions at Halliburton
In other news, EVP Van H. Beckwith sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $36.75, for a total value of $367,500.00. Following the completion of the sale, the executive vice president now owns 273,908 shares of the company’s stock, valued at $10,066,119. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.61% of the stock is currently owned by insiders.
Institutional Trading of Halliburton
Hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC purchased a new stake in shares of Halliburton during the first quarter worth $26,000. Bruce G. Allen Investments LLC raised its holdings in shares of Halliburton by 274.9% during the second quarter. Bruce G. Allen Investments LLC now owns 1,121 shares of the oilfield services company’s stock worth $38,000 after acquiring an additional 822 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Halliburton during the first quarter worth $46,000. Beacon Capital Management LLC raised its holdings in shares of 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 acquiring an additional 309 shares in the last quarter. Finally, General Partner Inc. purchased a new stake in shares of Halliburton during the first quarter worth $55,000. 85.23% of the stock is currently owned by hedge funds and other 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.
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