FY2024 EPS Estimates for Halliburton (NYSE:HAL) Decreased by Capital One Financial

Halliburton (NYSE:HAL - Free Report) - Stock analysts at Capital One Financial lowered their FY2024 earnings per share (EPS) estimates for Halliburton in a report issued on Tuesday, April 23rd. Capital One Financial analyst D. Becker now forecasts that the oilfield services company will post earnings of $3.38 per share for the year, down from their prior estimate of $3.40. The consensus estimate for Halliburton's current full-year earnings is $3.42 per share.

Other research analysts have also issued research reports about the stock. TD Cowen lifted their price target on shares of Halliburton from $47.00 to $48.00 and gave the stock a "buy" rating in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of Halliburton from $45.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday. The Goldman Sachs Group lifted their price objective on shares of Halliburton from $46.00 to $48.00 in a research report on Tuesday. Citigroup lifted their price objective on shares of Halliburton from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Raymond James lowered their price objective on shares of Halliburton from $49.00 to $47.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, January 24th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $48.82.

Halliburton Price Performance

Halliburton stock remained flat at $38.72 during mid-day trading on Thursday. 6,071,118 shares of the company's stock traded hands, compared to its average volume of 7,142,404. The company has a quick ratio of 1.48, a current ratio of 2.12 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $34.32 billion, a PE ratio of 13.40, a P/E/G ratio of 0.99 and a beta of 2.00. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85. The firm's fifty day simple moving average is $37.75 and its two-hundred day simple moving average is $37.40.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HAL. Strategy Asset Managers LLC raised its position in Halliburton by 25.3% in the first quarter. Strategy Asset Managers LLC now owns 20,227 shares of the oilfield services company's stock worth $797,000 after purchasing an additional 4,086 shares in the last quarter. Capital Investment Advisory Services LLC bought a new stake in Halliburton during the first quarter worth about $206,000. Aaron Wealth Advisors LLC bought a new stake in Halliburton during the first quarter worth about $235,000. Valeo Financial Advisors LLC grew its stake in Halliburton by 4.3% during the first quarter. Valeo Financial Advisors LLC now owns 9,935 shares of the oilfield services company's stock worth $385,000 after buying an additional 411 shares during the last quarter. Finally, IAG Wealth Partners LLC bought a new stake in Halliburton during the first quarter worth about $30,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Insider Buying and Selling at Halliburton

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the completion of the sale, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 transaction of $13,308,100.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Margaret Katherine Banks sold 5,000 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $35.30, for a total transaction of $176,500.00. Following the transaction, the director now directly owns 9,625 shares of the company's stock, valued at approximately $339,762.50. The disclosure for this sale can be found here. Corporate 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.