FY2027 EPS Estimates for Halliburton Cut by Atb Cap Markets

Halliburton (NYSE:HAL) – Analysts at Atb Cap Markets reduced their FY2027 earnings per share estimates for Halliburton in a report released on Tuesday, April 22nd. Atb Cap Markets analyst W. Syed now anticipates that the oilfield services company will post earnings of $2.31 per share for the year, down from their prior estimate of $2.65. The consensus estimate for Halliburton’s current full-year earnings is $2.64 per share.

Several other equities research analysts have also recently issued reports on HAL. Stifel Nicolaus cut their target price on Halliburton from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on Halliburton from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 2nd. Barclays decreased their target price on shares of Halliburton from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $34.00 price target on shares of Halliburton in a research report on Thursday, January 23rd. Finally, Benchmark lowered their price objective on shares of Halliburton from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.68.

Halliburton Stock Performance

NYSE:HAL opened at $20.86 on Friday. The company’s 50-day moving average is $23.74 and its two-hundred day moving average is $26.80. Halliburton has a 1-year low of $18.72 and a 1-year high of $38.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. The firm has a market capitalization of $17.98 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 3.79 and a beta of 1.45.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mascagni Wealth Management Inc. acquired a new position in Halliburton in the fourth quarter valued at $28,000. Horrell Capital Management Inc. acquired a new stake in shares of Halliburton in the 4th quarter valued at about $33,000. Sierra Ocean LLC purchased a new position in Halliburton during the 4th quarter worth approximately $36,000. Modus Advisors LLC acquired a new position in Halliburton during the fourth quarter worth approximately $38,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Halliburton in the fourth quarter valued at approximately $39,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $24.04, for a total value of $93,756.00. Following the transaction, the director now owns 10,551 shares in the company, valued at approximately $253,646.04. This represents a 26.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Eric Carre sold 51,179 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $25.00, for a total value of $1,279,475.00. Following the sale, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,177,525. This trade represents a 28.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 206,782 shares of company stock valued at $5,321,170. Insiders own 0.61% of the company’s stock.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.26%. The ex-dividend date was Wednesday, March 5th. Halliburton’s dividend payout ratio (DPR) is presently 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.