Capital One Financial Weighs in on Halliburton’s FY2024 Earnings (NYSE:HAL)

Halliburton (NYSE:HAL) – Equities research analysts at Capital One Financial reduced their FY2024 earnings per share estimates for Halliburton in a report issued on Tuesday, April 23rd. Capital One Financial analyst D. Becker now expects that the oilfield services company will post earnings per share of $3.38 for the year, down from their previous estimate of $3.40. The consensus estimate for Halliburton’s current full-year earnings is $3.42 per share.

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

A number of other brokerages also recently weighed in on HAL. Royal Bank of Canada reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Halliburton in a research report on Wednesday, January 24th. Raymond James lowered their price target on shares of Halliburton from $49.00 to $47.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Citigroup boosted their price objective on shares of Halliburton from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group raised their target price on shares of Halliburton from $46.00 to $48.00 in a research note on Tuesday. Finally, StockNews.com raised Halliburton from a “hold” rating to a “buy” rating in a research report on Monday. One investment 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $48.82.

Halliburton Stock Up 0.3 %

Shares of NYSE HAL opened at $38.72 on Thursday. Halliburton has a 12-month low of $27.84 and a 12-month high of $43.85. The stock’s fifty day simple moving average is $37.75 and its two-hundred day simple moving average is $37.40. The stock has a market capitalization of $34.32 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00. The company has a current ratio of 2.12, a quick ratio of 1.48 and a debt-to-equity ratio of 0.79.

Insider Transactions at Halliburton

In related news, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the transaction, the chief executive officer now owns 759,015 shares in the company, valued at approximately $26,793,229.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares of the company’s stock, valued at approximately $26,793,229.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Margaret Katherine Banks sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was 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. Company insiders own 0.61% of the company’s stock.

Institutional Trading of Halliburton

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rise Advisors LLC acquired a new position in Halliburton in the first quarter valued at approximately $26,000. IAG Wealth Partners LLC acquired a new position in shares of Halliburton in the 1st quarter valued at $30,000. Ancora Advisors LLC boosted its holdings in Halliburton by 443.8% during the third quarter. Ancora Advisors LLC now owns 881 shares of the oilfield services company’s stock worth $36,000 after buying an additional 719 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Halliburton during the fourth quarter valued at $33,000. Finally, Ogorek Anthony Joseph NY ADV increased its holdings in Halliburton by 1,134.6% in the third quarter. Ogorek Anthony Joseph NY ADV now owns 1,000 shares of the oilfield services company’s stock valued at $40,000 after buying an additional 919 shares in the last quarter. 85.23% of the stock is owned by institutional investors and hedge funds.

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.