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Halliburton Q4 Preview: Will Oil Giant Provide Commentary On Venezuela Opportunity?
Benzinga· 2026-01-20 19:19
Core Viewpoint - Halliburton Company is positioned to capitalize on potential drilling opportunities in Venezuela, which may be highlighted in its upcoming fourth-quarter financial results [1][4]. Group 1: Earnings Estimates - Analysts expect Halliburton to report fourth-quarter revenue of $5.41 billion, a decrease from $5.61 billion in the same quarter last year [2]. - The anticipated earnings per share for the fourth quarter is 55 cents, down from 70 cents per share in the previous year [2]. - Halliburton has beaten revenue estimates in three consecutive quarters, but only in four of the last ten quarters overall [2]. Group 2: Analyst Ratings and Price Targets - Following a strong performance in the third quarter, analysts have raised their price targets for Halliburton [4]. - Recent analyst ratings include: - Piper Sandler: Neutral rating, price target raised from $29 to $30 [8]. - TD Cowen: Buy rating, price target raised from $38 to $39 [8]. - Susquehanna: Positive rating, price target raised from $29 to $36 [8]. - Evercore ISI Group: Downgraded from Outperform to In-Line, price target raised from $28 to $35 [8]. Group 3: Key Items to Watch - The earnings report will be closely watched for insights on Halliburton's potential involvement in Venezuela's oil drilling opportunities, especially in light of recent military actions [4][5]. - The company reported a 5% increase in North America segment revenue quarter-over-quarter, while international segment revenue remained flat [6]. - CEO Jeff Miller emphasized investments in differentiated technologies aimed at driving long-term performance, which may be discussed in the earnings report [6].