Halliburton Company (NYSE:HAL) Stock Has Average Price Target of $44.10 According to Brokerages

Halliburton Company (NYSE:HAL) has been given a consensus recommendation of “Moderate Buy” by the twenty-four ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $44.10.

HAL has been the subject of several research analyst reports. TD Cowen lowered their target price on Halliburton from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen cut shares of Halliburton from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Barclays reduced their price target on shares of Halliburton from $55.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Morgan Stanley reduced their price target on shares of Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Finally, BMO Capital Markets set a $37.00 price target on shares of Halliburton in a report on Wednesday, July 22nd.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Potential earnings upside: Analysts expect approximately $0.59 in third-quarter EPS and $5.58 billion in revenue. Stronger fracturing demand and increased software sales could help Halliburton exceed those estimates, while additional operating metrics may provide further evidence of improving performance. Halliburton: An Earnings Surprise Could Be Coming
• Positive Sentiment: Supportive analyst views: Barclays reiterated its Buy rating, while Morgan Stanley set a $40 price target—above Halliburton’s recent trading level. These calls suggest some analysts see room for recovery if earnings and industry activity remain resilient. Barclays Keeps Their Buy Rating on Halliburton
• Positive Sentiment: Energy-market catalysts: Recent Venezuela-related energy deals have contributed to investor interest in the stock and may improve sentiment toward future international activity. Top Wall Street Forecasters Revamp Halliburton Expectations Ahead of Q3 Earnings
• Neutral Sentiment: Board addition: Halliburton appointed David C. Hernandez, an experienced energy executive, to its board through the 2027 annual meeting. The move strengthens industry expertise but is not expected to materially change near-term earnings. Halliburton Appoints David Hernandez to Board of Directors
• Negative Sentiment: Execution risks remain: Middle East disruptions and rising costs could offset stronger fracturing demand and software sales, potentially limiting margins or causing Halliburton to miss earnings expectations. Halliburton Q3 Earnings Preview

Insider Buying and Selling

In other Halliburton news, COO Jeffrey Slocum sold 52,572 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total value of $1,844,751.48. Following the sale, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. This trade represents a 30.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HAL. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Halliburton by 10.2% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,794 shares of the oilfield services company’s stock worth $109,000 after acquiring an additional 258 shares during the period. Carlson Financial Inc. boosted its holdings in Halliburton by 2.7% in the second quarter. Carlson Financial Inc. now owns 11,278 shares of the oilfield services company’s stock valued at $383,000 after acquiring an additional 295 shares during the last quarter. Greenleaf Trust boosted its holdings in Halliburton by 2.0% in the second quarter. Greenleaf Trust now owns 17,348 shares of the oilfield services company’s stock valued at $589,000 after acquiring an additional 342 shares during the last quarter. Angeles Wealth Management LLC increased its position in Halliburton by 3.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 13,414 shares of the oilfield services company’s stock valued at $455,000 after purchasing an additional 438 shares during the period. Finally, GAMMA Investing LLC increased its position in Halliburton by 1.5% during the 2nd quarter. GAMMA Investing LLC now owns 30,951 shares of the oilfield services company’s stock valued at $1,051,000 after purchasing an additional 450 shares during the period. 85.23% of the stock is currently owned by institutional investors.

Halliburton Price Performance

Halliburton stock opened at $33.45 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. Halliburton has a 52 week low of $21.50 and a 52 week high of $43.59. The stock has a market capitalization of $27.87 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 1.93 and a beta of 0.83. The stock has a fifty day moving average of $34.22 and a 200-day moving average of $36.15.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%. Halliburton’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS. On average, sell-side analysts expect that Halliburton will post 2.34 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 2nd were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $0.68 annualized dividend and a yield of 2.0%. Halliburton’s dividend payout ratio is presently 35.60%.

About Halliburton

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.