Halliburton (HAL) stock was down today after the oil and natural gas exploration services company released its Q4 2024 earnings report. That’s despite earnings per share of 70 cents beating Wall Street’s estimate of 69 cents. However, that’s down 4.1% from its adjusted EPS of 73 cents in Q4 2023.
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Halliburton also reported revenue of $5.61 billion in Q4, missing analysts’ estimates of $5.63 billion for the period. It also represents a 2.4% decrease year-over-year from $5.74 billion. Fueling this was a 17% operating margin, $1.5 billion in cash flow from operations, and $1.1 billion in free cash flow.
Investors aren’t happy about the latest Halliburton earnings report. This has HAL stock down 1.76% as of this writing. Shareholders will note the company’s shares are still up 6.69% year-to-date.
What’s Next for HAL Stock?
Jeff Miller, chairman, president, and CEO of Halliburton, provided investors with an update on its 2025 expectations. He said the company expects “2025 to be sequentially softer in North America.” That’s not what shareholders wanted to hear, especially after the company’s mixed Q4 results.
Looking beyond 2025, Miller said he is “excited about the long term outlook for Halliburton.” He expects the company to “execute our value proposition, deepen our technology portfolio, and drive value through our growth engines.”
Is HAL Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Halliburton is Moderate Buy based on 13 Buy and six Hold ratings over the last three months. With that comes an average price target of $36.03, a high of $42, and a low of $28. This represents a potential 24.13% upside for HAL shares. These ratings and price targets will likely change as analysts update coverage of the company.
