FY2027 EPS Estimates for Halliburton Lowered by Analyst

Halliburton (NYSE:HAL) – Research analysts at Atb Cap Markets cut their FY2027 earnings per share (EPS) estimates for Halliburton in a research note issued on Tuesday, April 22nd. Atb Cap Markets analyst W. Syed now expects that the oilfield services company will post earnings of $2.31 per share for the year, down from their previous forecast of $2.65. The consensus estimate for Halliburton’s current full-year earnings is $2.64 per share.

Other research analysts also recently issued reports about the company. Barclays lowered their target price on Halliburton from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Evercore ISI lowered their target price on shares of Halliburton from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, January 15th. Stifel Nicolaus cut their price target on shares of Halliburton from $37.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup cut their target price on Halliburton from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Susquehanna cut their price objective on Halliburton from $32.00 to $30.00 and set a “positive” rating for the company in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $34.68.

Halliburton Price Performance

Shares of HAL opened at $20.86 on Friday. The firm has a 50-day simple moving average of $23.74 and a 200-day simple moving average of $26.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.54 and a current ratio of 2.05. The company has a market capitalization of $17.98 billion, a price-to-earnings ratio of 7.37, a price-to-earnings-growth ratio of 3.79 and a beta of 1.45. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $38.89.

Halliburton (NYSE:HAL) last announced its earnings results on Tuesday, April 22nd. The oilfield services company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.28 billion.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Sanders Capital LLC increased its stake in Halliburton by 1.6% in the fourth quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company’s stock valued at $662,694,000 after purchasing an additional 375,054 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Halliburton by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company’s stock worth $584,139,000 after buying an additional 908,271 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Halliburton by 10.4% in the 4th quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company’s stock worth $503,856,000 after purchasing an additional 1,748,763 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Halliburton by 15.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,093,680 shares of the oilfield services company’s stock valued at $437,587,000 after buying an additional 2,171,722 shares in the last quarter. Finally, Amundi grew its stake in Halliburton by 22.2% during the fourth quarter. Amundi now owns 13,068,025 shares of the oilfield services company’s stock worth $353,242,000 after buying an additional 2,378,043 shares during the period. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Insider Activity at Halliburton

In other Halliburton news, CFO Eric Carre sold 51,179 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.00, for a total value of $1,279,475.00. Following the transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at approximately $3,177,525. This represents a 28.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy Mckeon sold 10,497 shares of Halliburton stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $24.60, for a total transaction of $258,226.20. Following the sale, the vice president now owns 77,784 shares of the company’s stock, valued at approximately $1,913,486.40. This trade represents a 11.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,782 shares of company stock valued at $5,321,170. 0.61% of the stock is owned by corporate insiders.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a dividend yield of 3.26%. Halliburton’s dividend payout ratio is currently 28.45%.

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.