Assessing Halliburton: Insights From 6 Financial Analysts

During the last three months, 6 analysts shared their evaluations of Halliburton HAL, revealing diverse outlooks from bullish to bearish.

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.

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $48.83, a high estimate of $54.00, and a low estimate of $45.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 4.25%.

Analyzing Analyst Ratings: A Detailed Breakdown

A comprehensive examination of how financial experts perceive Halliburton is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Halliburton. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Halliburton compared to the broader market.
• Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Halliburton's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Halliburton's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Halliburton analyst ratings.

Unveiling the Story Behind Halliburton

Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.

Financial Insights: Halliburton

Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.

Revenue Growth: Halliburton's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 2.81%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Halliburton's net margin excels beyond industry benchmarks, reaching 11.52%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Halliburton's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.13% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Halliburton's ROA stands out, surpassing industry averages. With an impressive ROA of 2.69%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: Halliburton's debt-to-equity ratio is below the industry average. With a ratio of 0.94, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

Understanding the Relevance of Analyst Ratings

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.

This article was generated by Benzinga's automated content engine and reviewed by an editor.