Halliburton (NYSE:HAL) Stock Rating Upgraded by Griffin Securities

Halliburton (NYSE:HAL) was upgraded by stock analysts at Griffin Securities from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has a $47.00 price target on the oilfield services company’s stock. Griffin Securities’ price target suggests a potential upside of 18.55% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Barclays reduced their price target on shares of Halliburton from $30.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Piper Sandler boosted their price target on shares of Halliburton from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Citigroup boosted their price target on shares of Halliburton from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a research report on Friday, April 10th. Finally, Royal Bank Of Canada boosted their price target on shares of Halliburton from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.73.

Halliburton Stock Performance

Shares of HAL stock opened at $39.65 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $36.61 and a 200 day moving average price of $31.40. The company has a market cap of $33.11 billion, a P/E ratio of 21.78, a PEG ratio of 1.73 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 announced its quarterly earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The firm had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. During the same period in the previous year, the company earned $0.60 earnings per share. Halliburton’s quarterly revenue was down .3% compared to the same quarter last year. Sell-side analysts predict that Halliburton will post 2.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Margaret Katherine Banks sold 2,600 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $34.17, for a total value of $88,842.00. Following the completion of the sale, the director directly owned 14,043 shares of the company’s stock, valued at approximately $479,849.31. This represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Van H. Beckwith sold 19,618 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $33.82, for a total transaction of $663,480.76. Following the completion of the sale, the executive vice president directly owned 344,535 shares of the company’s stock, valued at $11,652,173.70. The trade was a 5.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 189,960 shares of company stock valued at $7,406,724. 0.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Halliburton

Institutional investors and hedge funds have recently made changes to their positions in the business. Nvest Wealth Strategies Inc. purchased a new stake in shares of Halliburton in the fourth quarter valued at about $25,000. Zions Bancorporation National Association UT raised its holdings in Halliburton by 196.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after purchasing an additional 650 shares in the last quarter. Kelleher Financial Advisors purchased a new position in Halliburton during the third quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new position in Halliburton during the third quarter worth about $25,000. Finally, DV Equities LLC purchased a new position in Halliburton during the fourth quarter worth about $33,000. 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: Q1 results beat expectations — EPS topped consensus and margins improved on international strength, supporting the bullish narrative. Halliburton Q1 beats expectations
• Positive Sentiment: Multiple broker upgrades and price‑target raises (examples: TD Cowen, Citigroup, Argus, HSBC, RBC, Morgan Stanley, JPMorgan, Stifel, Griffin) are lifting investor sentiment and implied upside. Analyst upgrades after Q1
• Positive Sentiment: Management commentary: CEO says U.S. oil is in the “early innings” of a rebound and that a drilling ramp‑up is coming — reinforcing expectations for higher activity and service demand. CEO comments on rebound
• Positive Sentiment: Index/sector positioning: Halliburton is getting more spotlight in Russell 1000 energy reweighting, which can support demand from passive/ETF flows. Russell 1000 spotlight
• Neutral Sentiment: Longer‑term industry backdrop: reports project mid-single‑digit CAGR growth for oilfield services over the next decade — positive for structural demand but not an immediate catalyst. Oilfield services market forecast
• Neutral Sentiment: Analyst consensus remains around a “moderate buy” — broad support but not unanimous, so momentum depends on future execution and guidance. Consensus analyst recommendation
• Negative Sentiment: Company warned of higher costs tied to the Iran war, which could pressure margins and offset some upside from stronger activity. Higher costs from Iran war
• Negative Sentiment: Some cautionary notes and downgrades (e.g., Seeking Alpha analysis, a sell rating from Zephirin, Barclays’ equal‑weight) signal rising uncertainty and profit‑taking risk after the recent rally. Downgrade/uncertainty note

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.