FY2024 EPS Estimates for Halliburton Decreased by Analyst (NYSE:HAL)

Halliburton (NYSE:HAL) – Capital One Financial decreased their FY2024 earnings per share (EPS) estimates for shares of Halliburton in a research note issued to investors on Tuesday, April 23rd. Capital One Financial analyst D. Becker now forecasts that the oilfield services company will earn $3.38 per share for the year, down from their prior forecast of $3.40. The consensus estimate for Halliburton’s current full-year earnings is $3.42 per share.

HAL has been the topic of several other research reports. StockNews.com upgraded Halliburton from a “hold” rating to a “buy” rating in a research report on Monday. The Goldman Sachs Group boosted their price objective on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday. UBS Group raised their target price on shares of Halliburton from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays lowered their target price on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a report on Wednesday, January 24th. Finally, TD Cowen increased their price target on shares of Halliburton from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $48.82.

Halliburton Trading Up 0.3 %

Shares of Halliburton stock opened at $38.72 on Thursday. The company’s fifty day moving average is $37.75 and its two-hundred day moving average is $37.40. Halliburton has a 1 year low of $27.84 and a 1 year high of $43.85. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.48 and a current ratio of 2.12. The company has a market capitalization of $34.32 billion, a P/E ratio of 13.40, a PEG ratio of 0.99 and a beta of 2.00.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 23rd. The oilfield services company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Halliburton had a return on equity of 30.84% and a net margin of 11.20%. The company had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.67 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis.

Institutional Trading of Halliburton

A number of institutional investors have recently modified their holdings of the company. Capital World Investors boosted its position in Halliburton by 0.4% during the 4th quarter. Capital World Investors now owns 121,551,234 shares of the oilfield services company’s stock worth $4,394,077,000 after purchasing an additional 479,877 shares during the period. Sanders Capital LLC grew its stake in shares of Halliburton by 3.4% in the fourth quarter. Sanders Capital LLC now owns 23,538,783 shares of the oilfield services company’s stock valued at $850,927,000 after buying an additional 782,093 shares in the last quarter. Norges Bank purchased a new stake in shares of Halliburton during the 4th quarter valued at about $400,070,000. Northern Trust Corp lifted its position in Halliburton by 3.0% during the 3rd quarter. Northern Trust Corp now owns 9,202,160 shares of the oilfield services company’s stock worth $372,687,000 after acquiring an additional 265,680 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Halliburton by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,871,178 shares of the oilfield services company’s stock worth $359,283,000 after acquiring an additional 448,548 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Activity

In other Halliburton news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now owns 759,015 shares of the company’s stock, valued at $26,793,229.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Jeffrey Allen Miller sold 377,000 shares of Halliburton stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.30, for a total transaction of $13,308,100.00. Following the completion of the sale, the chief executive officer now owns 759,015 shares in the company, valued at approximately $26,793,229.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now owns 9,625 shares in the company, valued at approximately $339,762.50. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

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.