Q2 EPS Estimates for Halliburton Decreased by Zacks Research

Key Points

• Zacks Research has lowered its Q2 EPS estimate for Halliburton from $0.68 to $0.51, citing a change in earnings expectations.
• Several research firms have adjusted their price targets for Halliburton, with UBS Group setting a new target of $20.00 from $21.00, and Susquehanna lowering theirs from $30.00 to $27.00.
• Halliburton announced a quarterly dividend of $0.17 per share, reflecting a dividend yield of 3.3%, with a payout ratio of 31.78%.

Halliburton Company (NYSE:HAL - Free Report) - Analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for Halliburton in a report released on Tuesday, August 12th. Zacks Research analyst R. Department now forecasts that the oilfield services company will earn $0.51 per share for the quarter, down from their prior forecast of $0.68. The consensus estimate for Halliburton's current full-year earnings is $2.64 per share. Zacks Research also issued estimates for Halliburton's FY2026 earnings at $2.06 EPS and FY2027 earnings at $2.38 EPS.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The oilfield services company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. Halliburton had a return on equity of 21.45% and a net margin of 8.37%. The business had revenue of $5.51 billion for the quarter, compared to analysts' expectations of $5.43 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The company's revenue was down 5.5% compared to the same quarter last year.

A number of other brokerages have also issued reports on HAL. UBS Group reduced their target price on shares of Halliburton from $21.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada cut their target price on Halliburton from $28.00 to $24.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. Morgan Stanley reduced their price objective on Halliburton from $34.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Citigroup decreased their target price on Halliburton from $33.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company lowered their target price on Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $31.00.

Halliburton Stock Down 1.0%

Shares of HAL traded down $0.22 during mid-day trading on Thursday, reaching $21.13. The company's stock had a trading volume of 7,568,134 shares, compared to its average volume of 14,377,949. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 3.69 and a beta of 1.12. The company has a quick ratio of 1.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $21.67 and a 200 day moving average of $22.53. Halliburton has a 1 year low of $18.72 and a 1 year high of $32.57.

Hedge Funds Weigh In On Halliburton

A number of hedge funds have recently bought and sold shares of HAL. Federated Hermes Inc. raised its position in Halliburton by 297.9% in the fourth quarter. Federated Hermes Inc. now owns 13,247 shares of the oilfield services company's stock worth $360,000 after acquiring an additional 9,918 shares during the period. Rockefeller Capital Management L.P. boosted its position in Halliburton by 796.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 512,348 shares of the oilfield services company's stock valued at $13,939,000 after acquiring an additional 455,206 shares in the last quarter. Sagespring Wealth Partners LLC bought a new position in shares of Halliburton during the fourth quarter valued at approximately $276,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Halliburton during the fourth quarter valued at approximately $227,000. Finally, Guggenheim Capital LLC lifted its position in Halliburton by 1.9% during the fourth quarter. Guggenheim Capital LLC now owns 67,362 shares of the oilfield services company's stock valued at $1,832,000 after purchasing an additional 1,242 shares during the period. 85.23% of the stock is owned by institutional investors.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 3rd will be issued a $0.17 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $0.68 annualized dividend and a dividend yield of 3.2%. Halliburton's dividend payout ratio (DPR) is presently 31.78%.

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.