Atb Cap Markets Reduces Earnings Estimates for Halliburton

Halliburton (NYSE:HAL - Free Report) - Atb Cap Markets dropped their FY2027 EPS estimates for shares of Halliburton in a report released on Tuesday, April 22nd. Atb Cap Markets analyst W. Syed now forecasts that the oilfield services company will earn $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.

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

Several other analysts have also commented on HAL. Susquehanna dropped their price objective on Halliburton from $32.00 to $30.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their target price on shares of Halliburton from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, January 2nd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $34.00 price objective on shares of Halliburton in a report on Thursday, January 23rd. Raymond James downgraded Halliburton from a "strong-buy" rating to a "market perform" rating in a report on Monday, January 6th. Finally, Jefferies Financial Group lowered their price objective on shares of Halliburton from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, Halliburton currently has a consensus rating of "Moderate Buy" and an average target price of $34.68.

Halliburton Stock Down 0.7 %

NYSE HAL traded down $0.14 during trading on Friday, hitting $20.52. The company's stock had a trading volume of 5,449,846 shares, compared to its average volume of 9,935,916. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.54. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $38.89. The company has a market cap of $17.68 billion, a PE ratio of 7.26, a P/E/G ratio of 3.79 and a beta of 1.45. The business's 50 day simple moving average is $23.62 and its 200-day simple moving average is $26.68.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sanders Capital LLC boosted its stake in Halliburton by 1.6% in the 4th quarter. Sanders Capital LLC now owns 24,372,694 shares of the oilfield services company's stock worth $662,694,000 after purchasing an additional 375,054 shares during the period. Geode Capital Management LLC boosted its position in Halliburton by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 21,538,632 shares of the oilfield services company's stock valued at $584,139,000 after buying an additional 908,271 shares during the period. Pacer Advisors Inc. lifted its position in Halliburton by 10.4% in the fourth quarter. Pacer Advisors Inc. now owns 18,530,937 shares of the oilfield services company's stock valued at $503,856,000 after purchasing an additional 1,748,763 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Halliburton by 15.6% during the 4th 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 during the period. Finally, Amundi increased its holdings in Halliburton by 22.2% during the 4th quarter. Amundi now owns 13,068,025 shares of the oilfield services company's stock valued at $353,242,000 after purchasing an additional 2,378,043 shares during the period. 85.23% of the stock is owned by institutional investors.

Insider Activity at Halliburton

In other news, Director Margaret Katherine Banks sold 3,900 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.04, for a total transaction of $93,756.00. Following the transaction, the director now owns 10,551 shares of the company's stock, valued at $253,646.04. This represents a 26.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Eric Carre sold 51,179 shares of the company's stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 127,101 shares in the company, valued at $3,177,525. The trade was a 28.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 206,782 shares of company stock worth $5,321,170. Corporate 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. Investors of record on Wednesday, March 5th were paid a $0.17 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.68 annualized dividend and a yield of 3.31%. Halliburton's dividend payout ratio (DPR) is presently 28.45%.

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.