Halliburton Company (NYSE:HAL) shares are trading lower on Wednesday.
Goldman Sachs analyst Neil Mehta reiterated the Buy rating on the stock, with a price forecast of $36.
Halliburton reported a fourth-quarter revenue decline of two.3% year-over-year to $5.610 billion, missing the consensus of $5.63 billion. Completion and Production revenue fell 4.2% YoY to $3.2 billion, with $629 million operating income.
The analyst noted that softer revenue was mainly as a result of a decline in Completion and Production, partially offset by Drilling and Evaluation. North America revenue was 7% below the analyst’s estimate, while international revenue was 3% higher.
Also Read: Oracle’s AI Moonshot: Why Project Stargate Could Propel ORCL Stock Higher
Mehta writes, free money flow for the quarter was $1.104 billion, surpassing the analyst’s estimate of $930 million and consensus of $1.045 billion. This beat was attributed to higher working capital and lower capital expenditures ($426 million vs the analyst estimate of $454 million).
In the course of the quarter, the corporate repurchased roughly $309 million in common stock, in keeping with the analsyst’s estimate of $310 million.
The analyst is uncertain about 2025 revenue growth by region and is in search of clarity on expectations for activity within the international market, particularly within the Middle East.
Mehta has questions on how investors should view long-term margin expansion, especially in a flat activity environment.
Moreover, the analyst is ambiguous about Halliburton’s future participation in the ability space, including its partnership with VoltaGrid. Finally, there may be uncertainty around how capital returns in 2025 ought to be approached, the analyst highlights.
Price Motion: HAL shares are trading lower by 1.51% to $29.09 finally check Wednesday.
Read Next:
Photo by Ground Picture on Shutterstock.
|
Date |
Firm |
Motion |
From |
To |
|---|---|---|---|---|
|
Jan 2022 |
Morgan Stanley |
Maintains |
Obese |
|
|
Jan 2022 |
JP Morgan |
Upgrades |
Neutral |
Obese |
|
Jan 2022 |
Morgan Stanley |
Upgrades |
Equal-Weight |
Obese |
View More Analyst Rankings for HAL
View the Latest Analyst Rankings
Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools. Click now to access unique insights that may set you ahead in today’s competitive market.
Get the most recent stock evaluation from Benzinga?
This text Halliburton’s Soft Revenue Lags Estimates, Goldman Sachs Analyst Seeks Clarity On 2025 Activities originally appeared on Benzinga.com
© 2025 Benzinga.com. Benzinga doesn’t provide investment advice. All rights reserved.