15 analysts have shared their evaluations of Halliburton (NYSE:HAL) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 6 | 4 | 0 | 0 |
| Last 30D | 2 | 0 | 2 | 0 | 0 |
| 1M Ago | 1 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 2 | 0 | 0 |
| 3M Ago | 2 | 3 | 0 | 0 | 0 |
Analysts have recently evaluated Halliburton and provided 12-month price targets. The average target is $36.0, accompanied by a high estimate of $43.00 and a low estimate of $30.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 8.79%.
Understanding Analyst Ratings: A Comprehensive Breakdown
The standing of Halliburton among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Keith Mackey | RBC Capital | Maintains | Sector Perform | $34.00 | $34.00 |
| Kurt Hallead | Benchmark | Lowers | Buy | $35.00 | $40.00 |
| Stephen Gengaro | Stifel | Lowers | Buy | $37.00 | $42.00 |
| David Anderson | Barclays | Lowers | Equal-Weight | $30.00 | $32.00 |
| James West | Evercore ISI Group | Lowers | Outperform | $35.00 | $43.00 |
| Lloyd Byrne | Jefferies | Lowers | Buy | $41.00 | $43.00 |
| Arun Jayaram | JP Morgan | Lowers | Overweight | $33.00 | $35.00 |
| David Anderson | Barclays | Lowers | Equal-Weight | $33.00 | $43.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $34.00 | $39.00 |
| Josh Silverstein | UBS | Lowers | Neutral | $34.00 | $36.00 |
| Connor Lynagh | Morgan Stanley | Lowers | Overweight | $34.00 | $35.00 |
| David Anderson | Barclays | Lowers | Overweight | $43.00 | $47.00 |
| James Rollyson | Raymond James | Lowers | Strong Buy | $37.00 | $41.00 |
| Charles Minervino | Susquehanna | Lowers | Positive | $40.00 | $42.00 |
| Kurt Hallead | Benchmark | Maintains | Buy | $40.00 | $40.00 |
Key Insights: Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Halliburton. This information offers a snapshot of how analysts perceive the current state of the company. Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Halliburton compared to the broader market. Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Halliburton's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Halliburton's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Halliburton analyst ratings.
About Halliburton
Halliburton is North America's largest oilfield service company as measured by market share. Despite industry fragmentation, it holds a leading position in the hydraulic fracturing and completions market, which makes up nearly half of its revenue. It also holds strong positions in other service offerings like drilling and completions fluids, which leverages its expertise in material science, as well as the directional drilling market. While we consider SLB the global leader in reservoir evaluation, we think Halliburton leads in any activity from the reservoir to the wellbore. The firm's innovations have helped multiple producers lower their development costs per barrel of oil equivalent, with techniques that have been homed in over a century of operations.
A Deep Dive into Halliburton's Financials
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Negative Revenue Trend: Examining Halliburton's financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -1.84% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 10.02%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.63%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Halliburton's ROA excels beyond industry benchmarks, reaching 2.26%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.84, Halliburton adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Core of Analyst Ratings: What Every Investor Should Know
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
Latest Ratings for HAL
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jan 2022 | Morgan Stanley | Maintains | Overweight | |
| Jan 2022 | JP Morgan | Upgrades | Neutral | Overweight |
| Jan 2022 | Morgan Stanley | Upgrades | Equal-Weight | Overweight |
View More Analyst Ratings for HAL
View the Latest Analyst Ratings
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
