Halliburton (NYSE:HAL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Halliburton (NYSE:HAL) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $39.00 target price on shares of Halliburton in a research report on Friday, February 6th. Royal Bank Of Canada lifted their price objective on Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. BMO Capital Markets lifted their price objective on Halliburton from $39.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, March 25th. Argus lifted their price objective on Halliburton from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, TD Cowen lifted their price objective on Halliburton from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Seventeen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.09.

Halliburton Stock Down 0.7%

Shares of NYSE:HAL opened at $40.08 on Friday. The business has a 50-day moving average price of $36.86 and a 200 day moving average price of $31.73. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $33.47 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 1.80 and a beta of 0.68. Halliburton has a 12-month low of $19.22 and a 12-month high of $41.18.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. Halliburton had a return on equity of 19.04% and a net margin of 6.95%.The company’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. Sell-side analysts expect that Halliburton will post 2.27 EPS for the current year.

Halliburton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were paid a $0.17 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. Halliburton’s payout ratio is currently 37.36%.

Insider Transactions at Halliburton

In other Halliburton news, COO Jeffrey Shannon Slocum sold 5,441 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $33.82, for a total value of $184,014.62. Following the completion of the sale, the chief operating officer owned 187,423 shares in the company, valued at approximately $6,338,645.86. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey Allen Miller sold 158,455 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $40.00, for a total value of $6,338,200.00. Following the completion of the sale, the chief executive officer owned 1,013,027 shares of the company’s stock, valued at approximately $40,521,080. This represents a 13.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 187,360 shares of company stock worth $7,317,882 in the last three months. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Halliburton

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in shares of Halliburton during the fourth quarter worth approximately $1,054,000. Bank of New York Mellon Corp raised its stake in shares of Halliburton by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 5,929,285 shares of the oilfield services company’s stock worth $145,860,000 after purchasing an additional 96,394 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Halliburton during the third quarter worth approximately $1,775,000. Tejara Capital Ltd raised its stake in shares of Halliburton by 98.8% during the third quarter. Tejara Capital Ltd now owns 134,365 shares of the oilfield services company’s stock worth $3,305,000 after purchasing an additional 66,765 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Halliburton by 12.8% during the third quarter. New York State Common Retirement Fund now owns 1,645,526 shares of the oilfield services company’s stock worth $40,480,000 after purchasing an additional 186,105 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Analysts raised HAL’s price target (about a 10.98% lift to $42.54), signaling improved analyst conviction on the shares and supporting upside versus current levels. Price Target Increase
• Positive Sentiment: Halliburton won an integrated consulting, logistics and well?services agreement to support Greenland Energy’s 2026 Jameson Land drilling campaign — a contract that showcases HAL’s Arctic/remote?operations capabilities and can add equipment/services revenue. MarketWatch: Greenland deal
• Positive Sentiment: The Greenland agreement generated outsized attention — Greenland Energy’s shares jumped (reports show +~27%), which can be viewed as a validation of demand for Halliburton’s services and may support investor sentiment toward HAL. Benzinga: Greenland surge
• Neutral Sentiment: Analyst/coverage pieces digging into HAL’s Q1 metrics reiterate a mixed view: slight beats on EPS/revenue but modest YoY revenue decline and variable segment trends — items investors will parse for growth visibility. Zacks: Q1 recap
• Neutral Sentiment: Energy-sector commentary highlights mixed tape for oilfield-services names; HAL is frequently cited as a more stable exposure (fee/efficiency tailwinds) but remains tied to broader energy capex cycles. MarketBeat: HAL as stable play
• Negative Sentiment: Despite these positives, broader market pressure / profit?taking in energy names and the company’s modest YoY revenue softness appear to be weighing on the share price today. Yahoo Finance: Q1 analysis

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.