Halliburton (NYSE:HAL) Price Target Raised to $46.00

Halliburton (NYSE:HAL) had its price objective increased by Royal Bank Of Canada from $45.00 to $46.00 in a research report released on Wednesday, MarketBeat reports. They currently have an outperform rating on the oilfield services company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley lowered their target price on shares of Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Halliburton in a research report on Friday, October 2nd. Piper Sandler cut their price target on Halliburton from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Argus reduced their price target on Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, Freedom Capital upgraded Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.86.

Halliburton Price Performance

HAL opened at $34.93 on Wednesday. The company has a market capitalization of $29.10 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 1.92 and a beta of 0.83. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $34.24 and a 200-day moving average price of $36.01. Halliburton has a twelve month low of $24.92 and a twelve month high of $43.59.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.58 billion. Halliburton had a net margin of 8.90% and a return on equity of 18.36%. Halliburton’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 EPS. Equities analysts expect that Halliburton will post 2.33 EPS for the current year.

Halliburton Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.9%. Halliburton’s dividend payout ratio is presently 35.60%.

Insider Activity at Halliburton

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Nova Scotia lifted its stake in Halliburton by 128.8% during the first quarter. Bank of Nova Scotia now owns 2,284,612 shares of the oilfield services company’s stock worth $89,077,000 after purchasing an additional 1,286,095 shares during the last quarter. Private Advisory Group LLC purchased a new position in shares of Halliburton in the 2nd quarter worth about $10,443,000. Envestnet Asset Management Inc. increased its position in shares of Halliburton by 18.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 961,660 shares of the oilfield services company’s stock valued at $32,648,000 after purchasing an additional 147,329 shares during the last quarter. Rokos Capital Management LLP bought a new position in shares of Halliburton during the 1st quarter valued at about $34,741,000. Finally, Readystate Asset Management LP bought a new position in shares of Halliburton during the 1st quarter valued at about $7,317,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Earnings beat and stronger outlook: Halliburton reported third-quarter revenue of approximately $5.7 billion and adjusted EPS of $0.60, exceeding Wall Street estimates. Management indicated that early 2027 expectations include mid-single-digit revenue growth and operating margins near 15%, or roughly 200 basis points above current levels. International activity, particularly in the Middle East and Latin America, helped offset softer North American stimulation demand. Halliburton stock rises after earnings beat and stronger 2027 margin outlook
• Positive Sentiment: Analyst support increased: Susquehanna maintained its Buy rating, while Freedom Broker upgraded Halliburton from Hold to Buy and raised its price target from $37 to $40. Other recent analyst targets are above the current share price, reinforcing the view that the stock may have recovery potential if margins and international growth continue improving. Susquehanna Keeps Their Buy Rating on Halliburton Freedom Broker upgrades Halliburton to buy from hold
• Positive Sentiment: Capital returns remain supportive: Halliburton repurchased roughly $250 million of stock during the quarter, which may help support per-share results and signal management’s confidence in the business.
• Neutral Sentiment: Mixed operating trends: The earnings review highlighted solid headline results, but investors are weighing stronger international and offshore activity against weaker North American stimulation demand and questions about cash-flow conversion. Halliburton stock slips as Q3 earnings fuel cash flow questions
• Negative Sentiment: Insider selling is a risk signal: Quiver data shows Halliburton insiders made 11 sales and no purchases over the past six months. While insider transactions may reflect personal liquidity needs, the absence of buying could temper bullish sentiment.

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.