FY2024 EPS Estimates for Halliburton Lowered by Atb Cap Markets (NYSE:HAL)

Halliburton (NYSE:HAL) – Stock analysts at Atb Cap Markets cut their FY2024 EPS estimates for shares of Halliburton in a report released on Tuesday, October 1st. Atb Cap Markets analyst W. Syed now anticipates that the oilfield services company will post earnings of $3.11 per share for the year, down from their previous 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 topic of a number of other reports. TD Cowen reduced their price target on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Susquehanna dropped their target price on shares of Halliburton from $49.00 to $46.00 and set a “positive” rating for the company in a research note on Monday, July 22nd. StockNews.com downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. dropped their target price on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Finally, Dbs Bank started coverage on shares of Halliburton in a research note on Wednesday, September 18th. They issued a “buy” rating and a $45.00 target price for the company. Three 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 company currently has an average rating of “Moderate Buy” and an average price target of $42.56.

Halliburton Price Performance

NYSE:HAL opened at $31.09 on Thursday. The firm has a market cap of $27.52 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. Halliburton has a 12 month low of $27.52 and a 12 month high of $43.85. The company has a quick ratio of 1.54, a current ratio of 2.13 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $30.46 and its two-hundred day moving average price is $34.35.

Halliburton (NYSE:HAL) last issued its earnings results on Friday, July 19th. The oilfield services company reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The business had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.95 billion. Halliburton had a net margin of 11.61% and a return on equity of 29.97%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS.

Halliburton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, September 4th. Halliburton’s dividend payout ratio is currently 23.53%.

Insider Buying and Selling at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 10,000 shares of the stock in a transaction on Thursday, July 18th. The shares were 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 in the company, valued at $10,066,119. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Halliburton

Hedge funds have recently bought and sold shares of the business. Rise Advisors LLC bought a new position in Halliburton during the first quarter worth about $26,000. Bruce G. Allen Investments LLC increased its position in 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 during the period. Crewe Advisors LLC bought a new position in Halliburton during the first quarter worth about $46,000. Beacon Capital Management LLC grew its stake in 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 buying an additional 309 shares in the last quarter. Finally, General Partner Inc. acquired a new stake in Halliburton during the first quarter worth about $55,000. 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.