Recent Investment Analysts’ Ratings Changes for Halliburton (HAL)

A number of research firms have changed their ratings and price targets for Halliburton (NYSE: HAL):

• 1/23/2025 – Halliburton had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $34.00 price target on the stock.
• 1/23/2025 – Halliburton had its price target lowered by analysts at Barclays PLC from $32.00 to $30.00. They now have an “equal weight” rating on the stock.
• 1/23/2025 – Halliburton had its price target lowered by analysts at Benchmark Co. from $40.00 to $35.00. They now have a “buy” rating on the stock.
• 1/23/2025 – Halliburton had its price target lowered by analysts at Stifel Nicolaus from $42.00 to $37.00. They now have a “buy” rating on the stock.
• 1/15/2025 – Halliburton had its price target lowered by analysts at Evercore ISI from $43.00 to $35.00. They now have an “outperform” rating on the stock.
• 1/6/2025 – Halliburton was downgraded by analysts at Raymond James from a “strong-buy” rating to a “market perform” rating.
• 1/3/2025 – Halliburton had its price target lowered by analysts at Jefferies Financial Group Inc. from $43.00 to $41.00. They now have a “buy” rating on the stock.
• 1/2/2025 – Halliburton had its price target lowered by analysts at JPMorgan Chase & Co. from $35.00 to $33.00. They now have an “overweight” rating on the stock.
• 12/20/2024 – Halliburton was downgraded by analysts at Griffin Securities from a “buy” rating to a “neutral” rating.
• 12/19/2024 – Halliburton is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $36.00 price target on the stock.
• 12/18/2024 – Halliburton had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $33.00 price target on the stock, down previously from $43.00.
• 12/17/2024 – Halliburton had its price target lowered by analysts at Wells Fargo & Company from $39.00 to $34.00. They now have an “overweight” rating on the stock.
• 12/9/2024 – Halliburton was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $34.00 price target on the stock, down previously from $36.00.

Halliburton Stock Down 0.5 %

Shares of HAL traded down $0.14 during midday trading on Friday, hitting $27.83. The company had a trading volume of 13,045,459 shares, compared to its average volume of 11,295,606. The company’s 50-day simple moving average is $28.85 and its 200-day simple moving average is $30.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.62 and a current ratio of 2.05. The firm has a market capitalization of $24.45 billion, a P/E ratio of 9.83, a P/E/G ratio of 3.58 and a beta of 1.91. Halliburton has a 1 year low of $25.51 and a 1 year high of $41.56.

Halliburton (NYSE:HAL) last posted 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). Halliburton had a net margin of 10.90% and a return on equity of 26.03%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts expect that Halliburton will post 2.94 EPS for the current year.

Halliburton Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Wednesday, December 4th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Wednesday, December 4th. Halliburton’s dividend payout ratio is presently 24.03%.

Institutional Trading of Halliburton

Several hedge funds have recently added to or reduced their stakes in HAL. Franklin Resources Inc. lifted its position in shares of Halliburton by 244.5% during the 3rd quarter. Franklin Resources Inc. now owns 4,513,560 shares of the oilfield services company’s stock worth $138,025,000 after purchasing an additional 3,203,224 shares during the last quarter. Pacer Advisors Inc. raised its stake in Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 16,782,174 shares of the oilfield services company’s stock worth $487,522,000 after buying an additional 3,150,986 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in Halliburton during the 3rd quarter worth about $55,132,000. Thrivent Financial for Lutherans grew its holdings in shares of Halliburton by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,520,383 shares of the oilfield services company’s stock valued at $160,367,000 after acquiring an additional 995,649 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Halliburton by 127.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,557,130 shares of the oilfield services company’s stock valued at $52,600,000 after acquiring an additional 871,789 shares in the last quarter. Institutional investors own 85.23% of the company’s stock.

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.