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

Halliburton Company (NYSE:HAL) has been assigned a consensus rating of “Moderate Buy” from the twenty-four research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $44.10.

A number of equities analysts have weighed in on the stock. BMO Capital Markets set a $37.00 target price on shares of Halliburton in a research note on Wednesday, July 22nd. Piper Sandler upgraded shares of Halliburton from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $40.00 to $43.00 in a research report on Tuesday, July 14th. Freedom Capital upgraded Halliburton from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 22nd. Morgan Stanley cut their price target 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. Finally, UBS Group boosted their target price on shares of Halliburton from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, September 14th.

Halliburton News Roundup

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

Halliburton Trading Up 1.7%

NYSE:HAL opened at $33.45 on Wednesday. The stock’s fifty day moving average price is $34.22 and its two-hundred day moving average price is $36.18. The company has a market cap of $27.87 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. Halliburton has a 1 year low of $21.50 and a 1 year high of $43.59.

Halliburton (NYSE:HAL) last issued its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%. The business had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the company earned $0.55 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. As a group, analysts expect that Halliburton will post 2.34 EPS for the current year.

Halliburton Announces Dividend

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

Insider Buying and Selling at Halliburton

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

Institutional Trading of Halliburton

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Halliburton during the 2nd quarter worth approximately $2,812,327,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Halliburton during the second quarter valued at approximately $345,941,000. Bank of New York Mellon Corp bought a new position in Halliburton during the second quarter worth $337,486,000. Bank of America Corp DE acquired a new stake in shares of Halliburton during the 2nd quarter worth approximately $196,444,000. Finally, Caisse de depot et placement du Quebec bought a new stake in Halliburton in the second quarter valued at $194,675,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

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.