Analysts’ Weekly Ratings Updates for Halliburton (HAL)

A number of firms have modified their ratings and price targets on shares of Halliburton (NYSE: HAL) recently:

• 1/3/2025 – Halliburton had its price target lowered by analysts at Jefferies Financial Group Inc. from $43.00 to $41.00. They now have a “buy” rating on the stock.
• 1/2/2025 – Halliburton had its price target lowered by analysts at JPMorgan Chase & Co. from $35.00 to $33.00. They now have an “overweight” rating on the stock.
• 12/20/2024 – Halliburton was downgraded by analysts at Griffin Securities from a “buy” rating to a “neutral” rating.
• 12/19/2024 – Halliburton is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $36.00 price target on the stock.
• 12/18/2024 – Halliburton had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $33.00 price target on the stock, down previously from $43.00.
• 12/17/2024 – Halliburton had its price target lowered by analysts at Wells Fargo & Company from $39.00 to $34.00. They now have an “overweight” rating on the stock.
• 12/9/2024 – Halliburton was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $34.00 price target on the stock, down previously from $36.00.
• 11/18/2024 – Halliburton had its price target lowered by analysts at Morgan Stanley from $35.00 to $34.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Halliburton had its price target lowered by analysts at Raymond James from $41.00 to $37.00. They now have a “strong-buy” rating on the stock.
• 11/8/2024 – Halliburton had its price target lowered by analysts at Susquehanna from $42.00 to $40.00. They now have a “positive” rating on the stock.
• 11/8/2024 – Halliburton had its price target lowered by analysts at Barclays PLC from $47.00 to $43.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Halliburton had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $40.00 price target on the stock.

Halliburton Price Performance

NYSE HAL opened at $27.68 on Monday. Halliburton has a 1 year low of $25.51 and a 1 year high of $41.56. The company has a current ratio of 2.21, a quick ratio of 1.62 and a debt-to-equity ratio of 0.74. The company has a market cap of $24.32 billion, a P/E ratio of 9.64, a P/E/G ratio of 3.55 and a beta of 1.91. The company has a fifty day simple moving average of $29.02 and a 200 day simple moving average of $30.51.

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 analysts’ consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 11.04% and a return on equity of 28.33%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 EPS. On average, sell-side analysts predict that Halliburton will post 3 EPS for the current year.

Halliburton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.46%. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

Hedge Funds Weigh In On Halliburton

Several large investors have recently made changes to their positions in HAL. Modus Advisors LLC bought a new position in shares of Halliburton in the 4th quarter worth $38,000. Principal Financial Group Inc. grew its stake in Halliburton by 2.3% in the third quarter. Principal Financial Group Inc. now owns 2,889,257 shares of the oilfield services company’s stock valued at $83,933,000 after acquiring an additional 63,994 shares during the period. Retirement Systems of Alabama lifted its holdings in shares of Halliburton by 0.3% during the 3rd quarter. Retirement Systems of Alabama now owns 195,873 shares of the oilfield services company’s stock valued at $5,690,000 after purchasing an additional 587 shares in the last quarter. Franklin Resources Inc. raised its holdings in Halliburton by 244.5% during the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after buying an additional 3,203,224 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Halliburton in the third quarter valued at approximately $358,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

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.