Zacks Research Increases Earnings Estimates for Halliburton

Key Points

• Zacks Research has increased Halliburton's Q1 2027 earnings estimates from $0.53 to $0.56 per share, with a current full-year earnings consensus at $2.64 per share.
• Royal Bank of Canada and Piper Sandler both lowered their price targets on Halliburton's stock, while Melius initiated coverage with a "buy" rating and a $41.00 price target.
• Halliburton recently declared a quarterly dividend of $0.17, equating to an annualized yield of 2.8%, with a payout ratio of 31.78%.

Halliburton Company (NYSE:HAL - Free Report) - Equities research analysts at Zacks Research boosted their Q1 2027 earnings per share estimates for shares of Halliburton in a research note issued on Monday, October 6th. Zacks Research analyst Team now anticipates that the oilfield services company will earn $0.56 per share for the quarter, up from their previous forecast of $0.53. The consensus estimate for Halliburton's current full-year earnings is $2.64 per share. Zacks Research also issued estimates for Halliburton's Q2 2027 earnings at $0.55 EPS and FY2027 earnings at $2.35 EPS.

Several other brokerages also recently commented on HAL. 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 research note on Wednesday, July 23rd. UBS Group raised their price target on Halliburton from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Monday. Melius initiated coverage on Halliburton in a research note on Wednesday, August 20th. They issued a "buy" rating and a $41.00 price target on the stock. Piper Sandler downgraded Halliburton from an "overweight" rating to a "neutral" rating and set a $25.00 price target on the stock. in a research note on Monday, July 28th. Finally, Wells Fargo & Company dropped their price target on Halliburton from $28.00 to $26.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $31.30.

Halliburton Stock Performance

Shares of HAL opened at $24.28 on Wednesday. The business's fifty day simple moving average is $22.48 and its two-hundred day simple moving average is $21.82. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.68. Halliburton has a 12 month low of $18.72 and a 12 month high of $32.57. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 11.35 and a beta of 1.02.

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

Hedge Funds Weigh In On Halliburton

A number of institutional investors have recently bought and sold shares of HAL. Newbridge Financial Services Group Inc. bought a new position in Halliburton in the 2nd quarter worth $25,000. Stone House Investment Management LLC bought a new position in Halliburton in the 1st quarter worth $30,000. Rakuten Securities Inc. raised its holdings in Halliburton by 547.3% in the 2nd quarter. Rakuten Securities Inc. now owns 1,586 shares of the oilfield services company's stock worth $32,000 after purchasing an additional 1,341 shares during the period. Cape Investment Advisory Inc. raised its holdings in Halliburton by 111.9% during the second quarter. Cape Investment Advisory Inc. now owns 1,704 shares of the oilfield services company's stock valued at $35,000 after acquiring an additional 900 shares during the period. Finally, Hexagon Capital Partners LLC raised its holdings in Halliburton by 87.4% during the first quarter. Hexagon Capital Partners LLC now owns 1,407 shares of the oilfield services company's stock valued at $36,000 after acquiring an additional 656 shares during the period. 85.23% of the stock is owned by institutional investors.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, September 3rd. Halliburton's dividend payout ratio (DPR) is currently 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.

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