Halliburton Lowers 2024 Outlook, Analysts Forecast ‘More Muted’ 2025
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Shares of Halliburton Company (NYSE:HAL) were tanking in early trading on Monday, after the company reported its second-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
- RBC Capital Markets analyst Keith Mackey reiterated an Outperform rating, while cutting the price target from $45 to $44.
- Piper Sandler analyst Luke Lemoine maintained an Overweight rating, while slashing the price target from $46 to $40.
- Benchmark analyst Kurt Hallead reaffirmed a Buy rating and price target of $42.
Check out other analyst stock ratings.
RBC Capital Markets: Halliburton’s quarterly results were broadly in-line with expectations. Adjusted earnings came in at 80 cents per share. While adjusted EBITDA of $1.33 billion came in 1% higher than Street estimates on stronger margins in the C&P (Completion and Production) segment, free cash flows of $793 million came in “well above our $565MM estimate on WC harvest,” Mackey said in a note.
The …
Full story available on Benzinga.com
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