Halliburton (NYSE:HAL) Shares Gap Down – What’s Next?

Halliburton Company (NYSE:HAL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $35.11, but opened at $33.33. Halliburton shares last traded at $32.9380, with a volume of 6,301,539 shares traded.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton reported Q2 adjusted EPS of $0.55 on revenue of $5.71 billion, both ahead of expectations, with revenue up year over year and strong international demand helping results. Halliburton Announces Second Quarter 2026 Results
• Positive Sentiment: The company said international revenue hit a 10-year high and management highlighted margin expansion and confidence in continued growth, which supports the longer-term outlook. Halliburton Tops Estimates as International Demand Strengthens
• Positive Sentiment: Halliburton won a multi-year contract from Kuwait Oil Company to help develop the Ahmadi Innovation Valley, adding to its international project momentum. Kuwait Oil Company Awards Long-Term Agreement to Advance Technology Development Ahmadi Innovation Valley
• Positive Sentiment: TD Cowen lowered its price target slightly to $47 but kept a buy rating, signaling continued analyst confidence and implying meaningful upside from current levels. Benzinga report on TD Cowen target cut
• Neutral Sentiment: Several analysts trimmed forecasts after the Q2 report, but the cuts appear to reflect a more cautious near-term view rather than a change in the company’s underlying profitability or contract wins. Analysts Cut Their Forecasts On Halliburton Following Q2 Results
• Negative Sentiment: Investor sentiment was hurt by weaker Middle East activity and management’s warning that regional disruption is pressuring results, with some reports noting the market viewed the revenue outlook as tepid. Reuters report on second-quarter profit rise
• Negative Sentiment: Despite beating estimates, shares fell after the earnings release because the improvement was offset by concerns about Middle East operations and a softer short-term outlook for oilfield services demand. Barrons article on stock falling after earnings

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Susquehanna reduced their target price on shares of Halliburton from $45.00 to $42.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Barclays lowered their price target on Halliburton from $55.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday. Royal Bank Of Canada boosted their price objective on Halliburton from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Argus upped their target price on Halliburton from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Rothschild & Co Redburn increased their target price on Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Eighteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.38.

Halliburton Price Performance

The stock has a market cap of $27.57 billion, a PE ratio of 17.28, a P/E/G ratio of 1.53 and a beta of 0.71. The company has a current ratio of 2.02, a quick ratio of 1.54 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $37.28 and its 200-day moving average is $36.45.

Halliburton (NYSE:HAL) last issued its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The firm had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. Halliburton’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that Halliburton Company will post 2.36 earnings per share for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, June 3rd. Halliburton’s payout ratio is 37.36%.

Insider Activity at Halliburton

In other Halliburton news, CFO Eric Carre sold 24,778 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total transaction of $889,282.42. Following the completion of the transaction, the chief financial officer directly owned 148,520 shares of the company’s stock, valued at $5,330,382.80. This trade represents a 14.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Van H. Beckwith sold 198,349 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $41.29, for a total transaction of $8,189,830.21. Following the transaction, the executive vice president directly owned 146,186 shares in the company, valued at $6,036,019.94. The trade was a 57.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 258,255 shares of company stock worth $10,550,535 over the last 90 days. Company insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Halliburton

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nvest Wealth Strategies Inc. bought a new stake in shares of Halliburton in the 4th quarter worth approximately $25,000. Kelleher Financial Advisors bought a new position in Halliburton during the 3rd quarter worth $25,000. Newbridge Financial Services Group Inc. bought a new position in Halliburton during the 2nd quarter worth $25,000. Zions Bancorporation National Association UT increased its position in Halliburton by 196.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after buying an additional 650 shares during the period. Finally, Matrix Trust Co bought a new stake in Halliburton in the second quarter valued at $29,000. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton Company Profile

Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.