Atb Cap Markets Decreases Earnings Estimates for Halliburton

Halliburton (NYSE:HAL) – Equities research analysts at Atb Cap Markets decreased their FY2024 earnings per share (EPS) estimates for shares of Halliburton in a note issued to investors on Thursday, November 7th. Atb Cap Markets analyst W. Syed now anticipates that the oilfield services company will post earnings per share of $2.99 for the year, down from their previous forecast of $3.11. The consensus estimate for Halliburton’s current full-year earnings is $3.12 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.

HAL has been the topic of several other research reports. JPMorgan Chase & Co. dropped their target price on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Johnson Rice raised Halliburton to a “moderate buy” rating in a research note on Friday, July 19th. Susquehanna decreased their target price on Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of Halliburton in a report on Friday. Finally, Piper Sandler cut their price target on Halliburton from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.79.

Halliburton Stock Down 1.1 %

Shares of NYSE HAL opened at $29.23 on Monday. Halliburton has a 52-week low of $27.26 and a 52-week high of $41.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.54 and a current ratio of 2.13. The company’s 50 day moving average price is $29.10 and its 200-day moving average price is $32.49. The company has a market capitalization of $25.81 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 2.01 and a beta of 1.89.

Halliburton (NYSE:HAL) last announced 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). The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.79 earnings per share.

Halliburton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid 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 2.33%. Halliburton’s dividend payout ratio (DPR) is currently 23.69%.

Institutional Trading of Halliburton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAL. Country Trust Bank purchased a new stake in shares of Halliburton in the third quarter valued at about $36,000. Bruce G. Allen Investments LLC increased its stake in Halliburton by 274.9% in the 2nd 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 during the last quarter. ORG Wealth Partners LLC purchased a new stake in Halliburton in the 3rd quarter valued at about $44,000. Crewe Advisors LLC bought a new position in shares of Halliburton during the 1st quarter worth approximately $46,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Halliburton by 34.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,618 shares of the oilfield services company’s stock worth $47,000 after buying an additional 412 shares during the last quarter. 85.23% of the stock is owned by institutional investors.

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.