Brokers Offer Predictions for Halliburton FY2025 Earnings

Halliburton (NYSE:HAL) – Stock analysts at Griffin Securities reduced their FY2025 EPS estimates for Halliburton in a research note issued on Monday, January 27th. Griffin Securities analyst K. Simpson now anticipates that the oilfield services company will post earnings per share of $2.50 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 $2.94 per share.

Halliburton (NYSE:HAL) last issued 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). Halliburton had a return on equity of 26.03% and a net margin of 10.90%. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. During the same period last year, the firm posted $0.79 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year.

Several other brokerages have also recently issued reports on HAL. UBS Group cut shares of Halliburton from a “buy” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $34.00 in a research report on Monday, December 9th. Evercore ISI dropped their target price on Halliburton from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, January 15th. JPMorgan Chase & Co. lowered their price target on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Piper Sandler initiated coverage on shares of Halliburton in a research report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective on the stock. Finally, Benchmark dropped their price target on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Stock Down 1.1 %

NYSE HAL opened at $26.35 on Thursday. The company has a market capitalization of $23.14 billion, a P/E ratio of 9.31, a P/E/G ratio of 3.58 and a beta of 1.91. The stock has a 50 day moving average price of $28.67 and a 200-day moving average price of $29.85. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.62 and a current ratio of 2.05. Halliburton has a one year low of $25.51 and a one year high of $41.56.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Creative Planning increased its position in shares of Halliburton by 5.8% in the 2nd quarter. Creative Planning now owns 155,159 shares of the oilfield services company’s stock valued at $5,241,000 after acquiring an additional 8,507 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Halliburton by 21.9% in the second quarter. NewEdge Advisors LLC now owns 73,725 shares of the oilfield services company’s stock valued at $2,490,000 after purchasing an additional 13,241 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Halliburton by 16.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 41,739 shares of the oilfield services company’s stock worth $1,410,000 after buying an additional 5,860 shares during the period. Truist Financial Corp raised its position in Halliburton by 20.9% during the 2nd quarter. Truist Financial Corp now owns 1,490,642 shares of the oilfield services company’s stock worth $50,354,000 after buying an additional 257,403 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Halliburton during the 2nd quarter valued at approximately $2,257,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Halliburton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.58%. Halliburton’s dividend payout ratio is presently 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.