Halliburton (NYSE:HAL) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Halliburton beat quarterly estimates: Adjusted EPS was $0.60 versus the $0.58 consensus, while revenue reached $5.70 billion, above the $5.58 billion forecast.
• International operations remained a bright spot: International revenue increased 3% sequentially to $3.5 billion, and Drilling and Evaluation revenue rose 4% to $2.614 billion. However, North American revenue fell 5% and total operating income declined.
• Analysts remain moderately bullish, but targets were reduced: Halliburton carries a “Moderate Buy” consensus rating with an average price target of $44.05, while several firms recently lowered their targets. The company also maintains a $0.17 quarterly dividend, equivalent to a 2.1% yield.

Halliburton (NYSE:HAL - Get Free Report) released its quarterly earnings data on Tuesday. The oilfield services company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02, FiscalAI reports. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.58 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%.

Halliburton Stock Performance

HAL stock opened at $33.16 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.64. The firm has a market cap of $27.63 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.93 and a beta of 0.83. The business's fifty day simple moving average is $34.21 and its two-hundred day simple moving average is $36.11. Halliburton has a twelve month low of $22.22 and a twelve month high of $43.59.

Halliburton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 2.1%. Halliburton's payout ratio is presently 35.60%.

Analysts Set New Price Targets

A number of research firms recently commented on HAL. Wolfe Research assumed coverage on Halliburton in a research report on Wednesday, July 8th. They issued a "peer perform" rating on the stock. TD Cowen cut their target price on shares of Halliburton from $48.00 to $47.00 and set a "buy" rating for the company in a report on Wednesday, July 22nd. Barclays cut their target price on shares of Halliburton from $55.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday, July 22nd. Morgan Stanley reduced their price target on shares of Halliburton from $41.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Halliburton in a research note on Friday, October 2nd. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Halliburton presently has an average rating of "Moderate Buy" and an average target price of $44.05.

Trending Headlines about Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Adjusted net income was $501 million, or $0.60 per diluted share, above expectations. Halliburton also generated $156 million in free cash flow, repurchased approximately $250 million of stock, and paid a $0.17-per-share dividend. Halliburton Announces Third Quarter 2026 Results
• Positive Sentiment: International revenue rose 3% sequentially to $3.5 billion, and Drilling and Evaluation revenue increased 4% to $2.614 billion. The results underscore continued demand for international oilfield services. Halliburton tops third-quarter profit estimates on international oilfield demand
• Neutral Sentiment: Analyst support remains favorable but slightly less optimistic: Piper Sandler maintained an overweight rating while lowering its price target to $42 from $43, and BMO Capital reduced its target to $41 from $42. Piper Sandler Adjusts Price Target on Halliburton
• Neutral Sentiment: Unusually heavy call-option activity before earnings indicated increased bullish speculation, but options activity does not necessarily reflect sustained institutional conviction.
• Negative Sentiment: Revenue was essentially flat sequentially, while total operating income fell to $624 million from $778 million. Completion and Production revenue declined 4%, and North American revenue dropped 5% to $2.2 billion, highlighting weakness in the company’s largest pressure-pumping market.
• Negative Sentiment: Reported net income declined to $417 million, or $0.50 per diluted share, from $534 million, or $0.64, in the prior quarter. A $107 million pretax impairment and other-charge expense further reduced reported results. Halliburton Posts Third-Quarter Revenue and Net Income
• Negative Sentiment: Insiders reported 11 open-market sales and no purchases over the past six months. Although such transactions can be routine, the absence of insider buying may reinforce caution following the earnings release.

Insider Activity at Halliburton

In other news, COO Jeffrey Slocum sold 52,572 shares of the business's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total value of $1,844,751.48. Following the completion of the sale, the chief operating officer owned 118,730 shares in the company, valued at approximately $4,166,235.70. The trade was a 30.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.57% of the company's stock.

About Halliburton

Halliburton Company NYSE: HAL is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.

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