Benchmark Reiterates Buy on Halliburton, Maintains $42 Price Target
$HAL
Oilfield Services/Equipment
Energy
Benchmark analyst Kurt Hallead reiterates Halliburton (NYSE:HAL) with a Buy and maintains $42 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/13/2024 | $44.00 → $37.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 7/22/2024 | $47.00 → $45.00 | Buy | TD Cowen |
| 4/24/2024 | $47.00 → $48.00 | Buy | TD Cowen |
| 1/24/2024 | $49.00 → $51.00 | Outperform | TD Cowen |
| 6/7/2023 | $41.00 | Overweight | CapitalOne |
| 4/19/2023 | $49.00 | Buy | UBS |
| 1/19/2023 | $50.00 | Buy | The Benchmark Company |
| 1/12/2023 | $51.00 | Underperform → Outperform | Wolfe Research |
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RBC Capital Mkts downgraded Halliburton from Outperform to Sector Perform and set a new price target of $37.00 from $44.00 previously
TD Cowen reiterated coverage of Halliburton with a rating of Buy and set a new price target of $45.00 from $47.00 previously
TD Cowen reiterated coverage of Halliburton with a rating of Buy and set a new price target of $48.00 from $47.00 previously
Halliburton Company (NYSE:HAL) announced today that its board of directors has declared a 2024 fourth quarter dividend of seventeen cents ($0.17) a share on the Company's common stock payable on December 26, 2024, to shareholders of record at the close of business on December 4, 2024. About Halliburton Halliburton is one of the world's leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram and Facebo
Locations will employ locals and grow Namibia's energy sector Halliburton Company (NYSE:HAL) will open new facilities in Namibia highlighting the importance of the country's growing oil and gas industry. The facilities, which will support the company's in-country operations, are located in Windhoek, Walvis Bay, Swakopmund, and Lüderitz. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112982350/en/Halliburton celebrates the opening of new facilities in Namibia (Photo: Business Wire) With a combined footprint of 20,000 m², the facilities create a strong presence in the region. The Windhoek office will handle support services,
Net income of $0.65 per diluted share. Adjusted net income per diluted share1 of $0.73. Revenue of $5.7 billion and operating margin of 15%. Adjusted operating margin2 of 17%. Halliburton Company (NYSE:HAL) announced today net income of $571 million, or $0.65 per diluted share, for the third quarter of 2024. This compares to net income for the second quarter of 2024 of $709 million, or $0.80 per diluted share. Adjusted net income3 in the third quarter of 2024, excluding impairments and other charges and tax adjustments, was $641 million, or $0.73 per diluted share. Halliburton's total revenue for the third quarter of 2024 was $5.7 billion, compared to total revenue of $5.8 billion
The Nasdaq 100 closed higher by around 300 points during Monday's session. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Best Buy The Trade: Best Buy Co., Inc. (NYSE:BBY) Richard M Schulze sold a total of 1,600,000 shares at an ave
Barclays analyst David Anderson maintains Halliburton (NYSE:HAL) with a Overweight and lowers the price target from $54 to $48.
Morgan Stanley analyst Connor Lynagh maintains Halliburton (NYSE:HAL) with a Overweight and lowers the price target from $47 to $45.
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Halliburton Labs has announced Pulakesh Mukherjee, Partner, Imperative Ventures has joined its advisory board. Mukherjee brings extensive experience in energy systems, innovation, and venture capital to support Halliburton Labs' collaborative environment where entrepreneurs, academics, investors, and experienced practitioners advance the future of energy faster. "We are pleased to welcome Pulakesh as we help emerging companies achieve scale and growth," said Dale Winger, managing director of Halliburton Labs. "Pulakesh brings strong expertise and an expansive network throughout the early-stage energy and climate tech ecosystem. We look forward to his guidance to catalyze increased collabo
Halliburton Company (NYSE:HAL) today announced that Shannon Slocum, senior vice president, Global Business Development and Marketing, has been promoted to the role of president, Eastern Hemisphere, effective immediately. Joe Rainey, president, Eastern Hemisphere, is retiring and will serve as senior advisor to Chairman, President, and CEO Jeff Miller during the transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230313005181/en/Halliburton appoints Shannon Slocum as president, Eastern Hemisphere (Photo: Business Wire) "Shannon brings a track record of success to his new position, most recently leading our global business d
Halliburton Company (NYSE:HAL) today announced the addition of Ms. Janet Weiss and Mr. Maurice Smith to its board of directors. The appointments were effective Feb. 21, and both will stand for election by shareholders at the annual meeting on May 17. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230222005180/en/Janet Weiss (Photo: Business Wire) "On behalf of the board, I am delighted to welcome Janet and Maurice to Halliburton," said Jeff Miller, Halliburton chairman, president, and CEO. "Janet and Maurice bring strong leadership to our board and have direct experience running large businesses in complex industries. Janet has w
Halliburton Company (NYSE:HAL) announced today that its board of directors has declared a 2024 fourth quarter dividend of seventeen cents ($0.17) a share on the Company's common stock payable on December 26, 2024, to shareholders of record at the close of business on December 4, 2024. About Halliburton Halliburton is one of the world's leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram and Facebo
Net income of $0.65 per diluted share. Adjusted net income per diluted share1 of $0.73. Revenue of $5.7 billion and operating margin of 15%. Adjusted operating margin2 of 17%. Halliburton Company (NYSE:HAL) announced today net income of $571 million, or $0.65 per diluted share, for the third quarter of 2024. This compares to net income for the second quarter of 2024 of $709 million, or $0.80 per diluted share. Adjusted net income3 in the third quarter of 2024, excluding impairments and other charges and tax adjustments, was $641 million, or $0.73 per diluted share. Halliburton's total revenue for the third quarter of 2024 was $5.7 billion, compared to total revenue of $5.8 billion
Halliburton Company (NYSE:HAL) will host a conference call on Thursday, November 7, 2024, to discuss its third quarter 2024 financial results. The call will begin at 8:00 a.m. CT (9:00 a.m. ET). The Company will issue a press release regarding the third quarter 2024 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com. Please visit the Halliburton website to listen to the call via live webcast. A recorded version will be available for seven days under the same link immediately following the conclusion of the conference call. You can also pre-register for the conference call and obtain your dial in number and passcode by