Griffin Securities Predicts Lower Earnings for Halliburton

Halliburton (NYSE:HAL) – Investment analysts at Griffin Securities dropped their FY2025 earnings estimates for shares of Halliburton in a report released on Monday, January 27th. Griffin Securities analyst K. Simpson now expects that the oilfield services company will earn $2.50 per share for the year, down from their prior forecast of $2.85. Griffin Securities has a “Neutral” rating on the stock. The consensus estimate for Halliburton’s current full-year earnings is $2.94 per share.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.83 billion. Halliburton had a net margin of 10.90% and a return on equity of 26.03%. Halliburton’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share.

A number of other equities research analysts have also commented on the company. Morgan Stanley decreased their price target on Halliburton from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Monday, November 18th. Raymond James lowered Halliburton from a “strong-buy” rating to a “market perform” rating in a research report on Monday, January 6th. BMO Capital Markets lowered their target price on shares of Halliburton from $40.00 to $38.00 and set a “market perform” rating for the company in a research note on Thursday, October 10th. Piper Sandler initiated coverage on Halliburton in a report on Thursday, December 19th. They set an “overweight” rating and a $36.00 price objective on the stock. Finally, Susquehanna reduced their target price on shares of Halliburton from $42.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.42.

Halliburton Price Performance

Shares of HAL stock opened at $26.51 on Thursday. Halliburton has a one year low of $25.51 and a one year high of $41.56. The firm has a market cap of $23.28 billion, a price-to-earnings ratio of 9.37, a P/E/G ratio of 3.58 and a beta of 1.91. The stock’s fifty day simple moving average is $28.58 and its 200 day simple moving average is $29.83. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.62.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Wednesday, December 4th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.57%. Halliburton’s dividend payout ratio (DPR) is currently 24.03%.

Institutional Trading of Halliburton

A number of hedge funds and other institutional investors have recently modified their holdings of HAL. Creative Planning raised its stake in shares of Halliburton by 5.8% during the second quarter. Creative Planning now owns 155,159 shares of the oilfield services company’s stock valued at $5,241,000 after acquiring an additional 8,507 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Halliburton by 21.9% during the second quarter. NewEdge Advisors LLC now owns 73,725 shares of the oilfield services company’s stock valued at $2,490,000 after purchasing an additional 13,241 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Halliburton by 16.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 41,739 shares of the oilfield services company’s stock worth $1,410,000 after purchasing an additional 5,860 shares in the last quarter. Truist Financial Corp grew its stake in shares of Halliburton by 20.9% in the 2nd quarter. Truist Financial Corp now owns 1,490,642 shares of the oilfield services company’s stock valued at $50,354,000 after buying an additional 257,403 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Halliburton in the 2nd quarter valued at about $2,257,000. Institutional investors own 85.23% of the company’s stock.

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.