TD Cowen Issues Positive Forecast for Halliburton (NYSE:HAL) Stock Price

Halliburton (NYSE:HAL) had its target price boosted by TD Cowen from $38.00 to $39.00 in a research note issued to investors on Wednesday morning,Benzinga reports. TD Cowen currently has a buy rating on the oilfield services company’s stock.

A number of other research firms also recently issued reports on HAL. BMO Capital Markets increased their price objective on Halliburton from $28.00 to $31.00 in a report on Tuesday, November 11th. Cowen reaffirmed a “buy” rating on shares of Halliburton in a research report on Wednesday. UBS Group lifted their price target on shares of Halliburton from $24.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Royal Bank Of Canada upgraded shares of Halliburton from a “hold” rating to a “moderate buy” rating in a report on Wednesday, October 22nd. Finally, Piper Sandler raised their target price on shares of Halliburton from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Halliburton has a consensus rating of “Moderate Buy” and a consensus price target of $32.71.

Halliburton Price Performance

HAL stock opened at $30.37 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.95 and a quick ratio of 1.43. Halliburton has a 1 year low of $18.72 and a 1 year high of $33.03. The firm has a 50-day moving average of $27.65 and a 200 day moving average of $24.32. The company has a market cap of $25.56 billion, a P/E ratio of 20.11 and a beta of 0.78.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the prior year, the business earned $0.73 EPS. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, sell-side analysts forecast that Halliburton will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Wednesday, December 3rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.68 annualized dividend and a dividend yield of 2.2%. Halliburton’s payout ratio is presently 45.03%.

Insider Activity at Halliburton

In other Halliburton news, EVP Lawrence J. Pope sold 100,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the completion of the sale, the executive vice president directly owned 419,800 shares in the company, valued at $13,538,550. The trade was a 19.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Van H. Beckwith sold 8,854 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $27.89, for a total transaction of $246,938.06. Following the completion of the transaction, the executive vice president owned 333,528 shares in the company, valued at $9,302,095.92. This trade represents a 2.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 268,854 shares of company stock worth $7,915,138. 0.56% of the stock is owned by insiders.

Institutional Trading of Halliburton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HAL. Cullen Frost Bankers Inc. bought a new stake in shares of Halliburton during the 3rd quarter valued at $25,000. Kelleher Financial Advisors purchased a new position in Halliburton during the third quarter valued at $25,000. Newbridge Financial Services Group Inc. bought a new stake in Halliburton during the second quarter valued at about $25,000. Strive Asset Management LLC purchased a new stake in Halliburton in the third quarter worth about $31,000. Finally, Root Financial Partners LLC bought a new position in shares of Halliburton in the third quarter worth about $32,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: U.S. policy moves on Venezuela are being framed as a multi‑year, $100B+ rebuild of that oil sector — a direct demand driver for oilfield services (well construction, repairs) that benefits Halliburton. These Stocks Could Gain From Venezuela’s UpheavalInvestopedia
• Positive Sentiment: TD Cowen raised its price target (to $39) and keeps a buy view — a bullish analyst change that supports upside expectations versus current levels. TD Cowen price target raiseBenzinga
• Neutral Sentiment: Unusually large options activity and call buying accompanied the rally, indicating elevated speculative positioning that can amplify moves both up and down. Monitor option flows for short‑term momentum. Unusually Large Options TradingAmericanBankingNews
• Neutral Sentiment: Technical/flow signals: coverage notes HAL moved into overbought territory after the Venezuela‑driven surge, so some short‑term pullback/volatility was likely even without fresh fundamental news. Upcoming Q4 earnings (a proximate catalyst) could validate or reverse the move. Overbought technical noteYahoo Finance
• Negative Sentiment: Evercore ISI downgraded HAL from “outperform” to “in‑line” citing North America exposure; downgrades, even with a higher target, likely amplified selling after the headline rally. Evercore downgradeThe Fly
• Negative Sentiment: Insider selling: EVP Lawrence J. Pope sold 100,000 shares (~$3.2M) recently, reducing his stake substantially; such sales can weigh on sentiment during a volatile, news‑driven move. SEC filing – Insider Sale (Lawrence J. Pope)SEC filing
• Negative Sentiment: Short‑term profit‑taking / pullback: several market reports note HAL giving back some Venezuela‑related gains as traders lock in profits and flows rotate; that dynamics explains the current downward pressure. Price pullback noteZacks

About Halliburton

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.