Halliburton posts higher quarterly profit on international strength
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July 22, 2024 1:16 PM EDT
Stifel analyst Stephen Gengaro lowered the price target on Halliburton (NYSE: HAL) to $45.00 (from $46.00) while maintaining a Buy rating.
The analyst comments "Shares of HAL fell 5.6% versus a 0.7% drop in the S&P 500 on Friday (7/19) after announcing mixed 2Q24 results, weaker-than-expected 3Q24... More
July 22, 2024 6:27 AM EDT
RBC Capital analyst Keith Mackey lowered the price target on Halliburton (NYSE: HAL) to $44.00 (from $45.00) while maintaining a Outperform rating.
The analyst comments "HAL's 2Q24 results were in line with our expectations. The stock took a 5% hit on lower North America... More
July 22, 2024 5:53 AM EDT
BofA Securities analyst Chase Mulvehill lowered the price target on Halliburton (NYSE: HAL) to $40.00 (from $41.00) while maintaining a Buy rating.
The analyst comments "HAL now sees its NAM revenue down 6-8% YoY in 2024E (prior flattish YoY). This is also... More
July 22, 2024 5:08 AM EDT
JPMorgan analyst Sean Meakim lowered the price target on Halliburton (NYSE: HAL) to $40.00 (from $45.00) while maintaining a Overweight rating.
The analyst comments "HAL shares slid 5.6% on Friday, lagging the OSX Index by 421bps driven by the 2Q24 operating miss and full-year guidance cut. Heading into the print, we think the market was anticipating a modest guide down to 2H24 NAM expectations, but we think the updated... More
July 19, 2024 9:13 AM EDT
Evercore ISI analyst James West reiterated an Outperform rating and $52.00 price target on Halliburton (NYSE: HAL)
The analyst comments "We believe HALs 2Q24 earnings release has slightly positive implications for the stock. There were several key takeaways from the release: 1) Operating income of approximately $1.03 billion increased 5% sequentially. Excluding the $29 million expense for the ongoing SAP upgrade, operating income would have been $1.06 billion... More
July 19, 2024 9:12 AM EDT
Citi analyst Scott Gruber reiterated a Buy rating and $45.00 price target on Halliburton (NYSE: HAL).
The analyst comments "This morning, HAL reported 2q24 EPS of $0.80, slightly above our $0.79 estimate and in-line with consensus. EBITDA of $1.332bn was in-line with our forecast and 2% above... More
