Halliburton (NYSE:HAL) Price Target Raised to $38.00 at Royal Bank Of Canada

Halliburton (NYSE:HAL) had its price target increased by Royal Bank Of Canada from $36.00 to $38.00 in a report issued on Thursday, Marketbeat reports. Royal Bank Of Canada currently has an outperform rating on the oilfield services company’s stock.

A number of other brokerages have also recently issued reports on HAL. Susquehanna lifted their price objective on Halliburton from $36.00 to $40.00 and gave the company a “positive” rating in a research note on Thursday. BMO Capital Markets lifted their price target on Halliburton from $36.00 to $39.00 and gave the stock a “market perform” rating in a research report on Thursday. UBS Group increased their price objective 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. JPMorgan Chase & Co. raised their price objective on shares of Halliburton from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Redburn Partners set a $35.00 target price on shares of Halliburton in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.95.

Halliburton Price Performance

Shares of HAL opened at $33.68 on Thursday. The stock has a market cap of $28.35 billion, a PE ratio of 22.30 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.43 and a current ratio of 2.04. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $33.92. The firm’s 50-day simple moving average is $28.84 and its two-hundred day simple moving average is $25.20.

Halliburton (NYSE:HAL) last released its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.15. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The firm had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same period last year, the business earned $0.73 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.

Halliburton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 3rd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, December 3rd. Halliburton’s payout ratio is 45.03%.

Insider Buying and Selling

In other Halliburton news, EVP Lawrence J. Pope sold 100,000 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $32.25, for a total value of $3,225,000.00. Following the transaction, the executive vice president directly owned 419,800 shares in the company, valued at approximately $13,538,550. This trade represents a 19.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Van H. Beckwith sold 8,854 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $27.89, for a total value of $246,938.06. Following the completion of the transaction, the executive vice president directly owned 333,528 shares in the company, valued at approximately $9,302,095.92. This represents a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 268,854 shares of company stock valued at $7,915,138 over the last 90 days. Company insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Halliburton

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its holdings in Halliburton by 81.8% during the third quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock valued at $2,239,349,000 after acquiring an additional 40,969,139 shares during the period. Strive Asset Management LLC purchased a new stake in Halliburton during the third quarter valued at $418,738,000. Holocene Advisors LP purchased a new stake in shares of Halliburton during the 3rd quarter valued at about $147,315,000. Norges Bank bought a new stake in shares of Halliburton in the 2nd quarter valued at approximately $109,379,000. Finally, AQR Capital Management LLC lifted its position in Halliburton by 85.5% in the second quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock worth $175,490,000 after buying an additional 3,969,759 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Key Stories Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q4 earnings beat and international strength — Halliburton reported adjusted Q4 EPS above consensus and highlighted stronger international revenue and margins, which traders viewed as the primary catalyst for the rally. Halliburton beats estimates for fourth-quarter profit (Reuters)
• Positive Sentiment: Multiple analyst upgrades and higher price targets — Several firms raised HAL price targets and ratings after the quarter (RBC, TD Cowen, BMO, JPMorgan, Susquehanna and others), supporting upside expectations. Halliburton Analysts Increase Their Forecasts After Strong Q4 Earnings (Benzinga)
• Positive Sentiment: Cash flow, buybacks and dividend underpin returns — Management emphasized strong free-cash-flow generation and continued share repurchases (and a >2% dividend yield), which boosts per‑share upside even if growth is modest. Halliburton Beat Expectations Again—Now the Rebound Trade Gets Real (MarketBeat)
• Positive Sentiment: Potential Venezuela re-entry — Management noted strong inbound interest and job postings hint at steps toward returning to Venezuela, which could materially expand international opportunity if allowed. Halliburton’s ‘phone is ringing off the hook’ with interest in Venezuela (BizJournals)
• Neutral Sentiment: Valuation and DCF checks after the run — Analysts and independent checks are revisiting HAL’s valuation after the stock’s momentum; some models show room, others urge caution given cyclical exposure. Halliburton Valuation Check (Yahoo Finance)
• Neutral Sentiment: Unusual options activity — Large volume in call options suggests speculative positioning that can amplify intraday moves but may not reflect long-term conviction. (Options volume report cited by market coverage.)
• Negative Sentiment: North America remains a drag and profit dynamics mixed — Coverage notes North American revenue weakness and some slip in profit metrics despite higher revenue, a reminder of regional headwinds that could limit upside if U.S. activity doesn’t recover. Halliburton Profit Slips Despite Higher Revenue (WSJ)

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.