Q3 2021 Earnings Forecast for Halliburton (NYSE:HAL) Issued By Piper Sandler

Halliburton (NYSE:HAL) – Stock analysts at Piper Sandler lowered their Q3 2021 earnings per share (EPS) estimates for shares of Halliburton in a research note issued to investors on Monday, October 11th. Piper Sandler analyst I. Macpherson now expects that the oilfield services company will post earnings per share of $0.28 for the quarter, down from their prior estimate of $0.29.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Monday, July 19th. The oilfield services company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.69 billion. Halliburton had a net margin of 1.08% and a return on equity of 12.64%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share.

Several other research analysts also recently issued reports on HAL. COKER & PALMER upgraded shares of Halliburton from a “sector perform” rating to an “outperform” rating and set a $24.00 price target for the company in a report on Tuesday. BNP Paribas upgraded Halliburton from an “underperform” rating to a “neutral” rating and set a $23.00 price objective for the company in a report on Wednesday, July 21st. Citigroup increased their price objective on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, June 25th. Royal Bank of Canada restated an “outperform” rating and issued a $27.00 price objective on shares of Halliburton in a report on Thursday, September 9th. Finally, Morgan Stanley increased their price objective on Halliburton from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, July 9th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $24.21.

Shares of NYSE:HAL opened at $24.49 on Thursday. The company has a fifty day moving average of $20.74 and a 200-day moving average of $21.51. The company has a market capitalization of $21.81 billion, a PE ratio of 153.07 and a beta of 2.84. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.75 and a current ratio of 2.29. Halliburton has a 52-week low of $10.99 and a 52-week high of $25.50.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 22nd. Stockholders of record on Wednesday, September 1st were given a dividend of $0.045 per share. The ex-dividend date was Tuesday, August 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.73%. Halliburton’s dividend payout ratio (DPR) is presently 27.69%.

In other Halliburton news, CEO Jeffrey Allen Miller sold 33,333 shares of the stock in a transaction dated Monday, October 11th. The shares were sold at an average price of $25.00, for a total value of $833,325.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Murry Gerber sold 44,590 shares of the stock in a transaction dated Monday, September 20th. The shares were sold at an average price of $19.33, for a total transaction of $861,924.70. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Castleview Partners LLC purchased a new stake in shares of Halliburton during the 2nd quarter worth approximately $35,000. Prentice Wealth Management LLC purchased a new stake in shares of Halliburton during the 1st quarter worth approximately $33,000. Alpha Paradigm Partners LLC increased its stake in shares of Halliburton by 433.1% during the 2nd quarter. Alpha Paradigm Partners LLC now owns 1,546 shares of the oilfield services company’s stock worth $36,000 after purchasing an additional 1,256 shares during the last quarter. Koshinski Asset Management Inc. purchased a new stake in shares of Halliburton during the 3rd quarter worth approximately $34,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Halliburton during the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 76.66% of the company’s stock.

About Halliburton

Halliburton Co engages in the provision of services and products to the energy industry related to the exploration, development and production of oil and natural gas. It operates through the following segments: Completion and Production and Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services.

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Earnings History and Estimates for Halliburton (NYSE:HAL)

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