Barclays Issues Pessimistic Forecast for Halliburton (NYSE:HAL) Stock Price

Halliburton (NYSE:HAL) had its target price reduced by equities researchers at Barclays from $30.00 to $29.00 in a research note issued on Wednesday, Marketbeat reports. The brokerage currently has an “equal weight” rating on the oilfield services company’s stock. Barclays‘s target price would suggest a potential downside of 23.10% from the stock’s previous close.

HAL has been the subject of several other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a report on Monday, December 29th. Royal Bank Of Canada raised their price objective on shares of Halliburton from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. UBS Group lifted their target price on shares of Halliburton from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Evercore upgraded shares of Halliburton from an “in-line” rating to an “outperform” rating and set a $42.00 target price for the company in a report on Friday, March 20th. Finally, BMO Capital Markets lifted their target price on shares of Halliburton from $39.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.71.

Halliburton Stock Performance

Shares of HAL opened at $37.71 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.04 and a quick ratio of 1.51. Halliburton has a one year low of $19.22 and a one year high of $41.18. The company has a 50-day simple moving average of $35.84 and a two-hundred day simple moving average of $30.46. The firm has a market capitalization of $31.49 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.31 and a beta of 0.68.

Halliburton (NYSE:HAL) last issued its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The business 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 posted $0.73 earnings per share. Halliburton’s quarterly revenue was up .8% compared to the same quarter last year. On average, analysts anticipate that Halliburton will post 2.64 EPS for the current fiscal year.

Insider Activity

In related news, COO Jeffrey Shannon Slocum sold 5,441 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $33.82, for a total transaction of $184,014.62. Following the completion of the sale, the chief operating officer owned 187,423 shares of the company’s stock, valued at $6,338,645.86. This trade represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Margaret Katherine Banks sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $34.17, for a total transaction of $88,842.00. Following the sale, the director directly owned 14,043 shares of the company’s stock, valued at $479,849.31. This trade represents a 15.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 415,508 shares of company stock valued at $15,291,882. 0.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Halliburton

Institutional investors and hedge funds have recently made changes to their positions in the company. Nvest Wealth Strategies Inc. bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $25,000. Zions Bancorporation National Association UT increased its position in shares of Halliburton by 196.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock valued at $28,000 after acquiring an additional 650 shares in the last quarter. Kelleher Financial Advisors bought a new stake in shares of Halliburton during the third quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Halliburton during the third quarter valued at approximately $25,000. Finally, DV Equities LLC bought a new stake in shares of Halliburton during the fourth quarter valued at approximately $33,000. 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: Susquehanna raised its price target to $45, signaling stronger upside and aggressive confidence in Halliburton’s outlook; this is one of the largest broker upgrades in the past day and likely supports demand from growth-focused investors. Susquehanna Boosts Halliburton Price Target
• Positive Sentiment: Capital One increased its target to $41 and kept an overweight rating — a vote of confidence that reinforces upside expectations around $40-plus and may buoy buyers who follow that shop. Capital One Raises PT to $41
• Neutral Sentiment: UBS raised its price target to $39 but kept a neutral rating — a modest upgrade in valuation that doesn’t change the firm’s stance, so impact on flows may be limited. UBS Raises PT to $39
• Neutral Sentiment: Several sector comparison and analysis pieces review HAL versus peers and valuation after a strong one-year gain; useful for investors assessing whether earnings momentum or multiple expansion is priced in. Analyzing Halliburton and Competitors
• Neutral Sentiment: Long-form valuation coverage asks whether the stock still offers value after ~76% year-over-year upside — this may temper speculative buying as investors re-check fundamentals. Is There Still Value In Halliburton
• Negative Sentiment: Barclays cut its price target to $29 (equal weight), implying material downside versus current levels and likely contributing to selling pressure from more conservative investors. Barclays Lowers PT to $29
• Negative Sentiment: Market headlines and summaries noted a recent intraday decline (stock “sank” in coverage), reinforcing near-term negative momentum despite longer-term gains. HAL Stock Sinks As Market Gains Zacks Coverage

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.