TD Cowen Cuts Halliburton (NYSE:HAL) Price Target to $47.00

Posted by Micah Haroldson on Jul 22nd, 2026

Halliburton (NYSE:HAL – Get Free Report) had its price target lowered by stock analysts at TD Cowen from $48.00 to $47.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the oilfield services company’s stock. TD Cowen’s price target indicates a potential upside of 42.59% from the stock’s previous close.

Other analysts have also issued reports about the stock. UBS Group upped their price target on shares of Halliburton from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Wall Street Zen cut Halliburton from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 3rd. Jefferies Financial Group restated a “buy” rating and issued a $47.00 target price on shares of Halliburton in a research report on Sunday, April 26th. Susquehanna dropped their price objective on Halliburton from $45.00 to $42.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. Finally, Barclays decreased their target price on Halliburton from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday. Nineteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.64.

Read Our Latest Analysis on Halliburton

Halliburton Stock Performance

HAL stock traded down $0.23 on Wednesday, reaching $32.96. The company’s stock had a trading volume of 9,936,263 shares, compared to its average volume of 14,003,538. Halliburton has a 52 week low of $20.39 and a 52 week high of $43.59. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.54. The company has a market capitalization of $27.54 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.62 and a beta of 0.71. The firm has a fifty day moving average of $37.44 and a two-hundred day moving average of $36.42.

Halliburton (NYSE:HAL – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. As a group, analysts predict that Halliburton will post 2.36 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Van H. Beckwith sold 198,349 shares of the stock in a transaction on 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 completion of the sale, the executive vice president owned 146,186 shares in the company, valued at approximately $6,036,019.94. This represents a 57.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Casey Maxwell sold 20,348 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $41.89, for a total value of $852,377.72. Following the sale, the insider directly owned 93,763 shares of the company’s stock, valued at approximately $3,927,732.07. This represents a 17.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 258,255 shares of company stock valued at $10,550,535 in the last three months. Insiders own 0.57% of the company’s stock.

Hedge Funds Weigh In On Halliburton

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nvest Wealth Strategies Inc. purchased a new position in Halliburton in the 4th quarter worth about $25,000. Kelleher Financial Advisors purchased a new stake in Halliburton during the third quarter valued at about $25,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Halliburton in the second quarter worth about $25,000. Zions Bancorporation National Association UT boosted its holdings in shares of 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 purchased a new position in shares of Halliburton in the second quarter worth approximately $29,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

Positive Sentiment: Second-quarter EPS and revenue both beat expectations, showing resilient execution. Halliburton Announces Second Quarter 2026 Results
Positive Sentiment: International demand remained strong, with revenue in Europe, Latin America and Africa helping lift profits. Halliburton second-quarter profit rises on Europe, Latin America demand
Positive Sentiment: Kuwait Oil Company awarded Halliburton a multi-year agreement to support the Ahmadi Innovation Valley project, adding to future contract momentum. Kuwait Oil Company Awards Long-Term Agreement to Advance Technology Development Ahmadi Innovation Valley

About Halliburton

(Get Free Report)

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.