Griffin Securities Forecasts Halliburton FY2025 Earnings

Halliburton (NYSE:HAL) – Analysts at Griffin Securities cut their FY2025 earnings per share (EPS) estimates for Halliburton in a research note issued on Monday, January 27th. Griffin Securities analyst K. Simpson now forecasts that the oilfield services company will earn $2.50 per share for the year, down from their previous forecast of $2.85. Griffin Securities currently has a “Neutral” rating on the stock. The consensus estimate for Halliburton’s current full-year earnings is $2.67 per share.

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

Several other equities research analysts have also issued reports on HAL. Wells Fargo & Company lowered their price target on shares of Halliburton from $39.00 to $34.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Barclays dropped their price target on Halliburton from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 23rd. Evercore ISI decreased their price objective on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. UBS Group downgraded shares of Halliburton from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $36.00 to $34.00 in a report on Monday, December 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $34.00 target price on shares of Halliburton in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and an average target price of $37.42.

Halliburton Stock Performance

Shares of HAL stock opened at $25.99 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The firm has a market cap of $22.83 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 3.65 and a beta of 1.91. Halliburton has a 52 week low of $25.51 and a 52 week high of $41.56. The firm’s 50-day simple moving average is $28.47 and its two-hundred day simple moving average is $29.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC lifted its stake in Halliburton by 70.2% during the fourth quarter. Global Retirement Partners LLC now owns 8,698 shares of the oilfield services company’s stock worth $237,000 after purchasing an additional 3,588 shares during the last quarter. Hara Capital LLC lifted its position in Halliburton by 223.9% in the 4th quarter. Hara Capital LLC now owns 56,284 shares of the oilfield services company’s stock worth $1,530,000 after buying an additional 38,907 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its position in Halliburton by 14.9% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 30,038 shares of the oilfield services company’s stock worth $817,000 after buying an additional 3,900 shares during the last quarter. Buckingham Capital Management Inc. grew its position in Halliburton by 40.2% during the fourth quarter. Buckingham Capital Management Inc. now owns 73,381 shares of the oilfield services company’s stock valued at $1,995,000 after acquiring an additional 21,059 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in Halliburton by 77.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 20,370 shares of the oilfield services company’s stock valued at $554,000 after acquiring an additional 8,874 shares during the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Wednesday, December 4th. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

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.