Zacks Research Has Positive View of Halliburton Q1 Earnings

Halliburton Company (NYSE:HAL) – Investment analysts at Zacks Research boosted their Q1 2027 earnings estimates for shares of Halliburton in a research note issued to investors on Tuesday, November 11th. Zacks Research analyst Team now anticipates that the oilfield services company will post earnings per share of $0.60 for the quarter, up from their previous forecast of $0.56. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Halliburton’s current full-year earnings is $2.64 per share. Zacks Research also issued estimates for Halliburton’s FY2027 earnings at $2.41 EPS.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.39 billion. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. Halliburton’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS.

A number of other research firms also recently commented on HAL. Rothschild Redb raised Halliburton to a “strong-buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada upgraded shares of Halliburton from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 22nd. Hsbc Global Res raised shares of Halliburton from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group increased their target price on Halliburton from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Rothschild & Co Redburn assumed coverage on shares of Halliburton in a research note on Monday, November 3rd. They set a “buy” rating and a $35.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.48.

Halliburton Stock Performance

Shares of HAL stock opened at $27.02 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.43. The business has a fifty day moving average of $24.53 and a 200 day moving average of $22.41. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 17.89 and a beta of 1.03. Halliburton has a 1 year low of $18.72 and a 1 year high of $32.57.

Insider Activity

In related news, insider Mark Richard sold 160,000 shares of Halliburton stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total value of $4,443,200.00. Following the completion of the transaction, the insider directly owned 452,374 shares in the company, valued at approximately $12,562,425.98. This trade represents a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Halliburton

A number of large investors have recently modified their holdings of HAL. Clearstead Trust LLC lifted its holdings in Halliburton by 7.4% in the third quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock valued at $132,000 after acquiring an additional 370 shares during the period. Angeles Wealth Management LLC increased its stake in shares of Halliburton by 3.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 11,320 shares of the oilfield services company’s stock worth $278,000 after purchasing an additional 392 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Halliburton by 22.2% during the third quarter. Parkside Financial Bank & Trust now owns 2,369 shares of the oilfield services company’s stock valued at $58,000 after purchasing an additional 431 shares during the period. Profund Advisors LLC raised its stake in shares of Halliburton by 0.9% in the third quarter. Profund Advisors LLC now owns 51,508 shares of the oilfield services company’s stock worth $1,267,000 after buying an additional 463 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in Halliburton by 7.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 7,374 shares of the oilfield services company’s stock worth $150,000 after acquiring an additional 504 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

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.