Royal Bank Of Canada Increases Halliburton (NYSE:HAL) Price Target to $44.00

Halliburton (NYSE:HAL) had its price target upped by Royal Bank Of Canada from $43.00 to $44.00 in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the oilfield services company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 10.98% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Jefferies Financial Group restated a “buy” rating and issued a $39.00 price objective on shares of Halliburton in a research report on Friday, February 6th. Morgan Stanley raised their price objective on shares of Halliburton from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. BMO Capital Markets raised their price objective on shares of Halliburton from $39.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday, March 25th. Rothschild & Co Redburn raised their price objective on shares of Halliburton from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Finally, Piper Sandler raised their price objective 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. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.73.

Halliburton Stock Up 1.4%

HAL opened at $39.65 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 2.08. The firm has a market cap of $33.11 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.73 and a beta of 0.68. Halliburton has a twelve month low of $19.22 and a twelve month high of $41.18. The firm’s 50-day simple moving average is $36.61 and its 200-day simple moving average is $31.40.

Halliburton (NYSE:HAL) last posted its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $5.40 billion during the quarter, compared to analysts’ expectations of $5.37 billion. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 EPS. Equities research analysts anticipate that Halliburton will post 2.19 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Van H. Beckwith sold 19,618 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $33.82, for a total value of $663,480.76. Following the transaction, the executive vice president owned 344,535 shares of the company’s stock, valued at approximately $11,652,173.70. This trade represents a 5.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Timothy Mckeon sold 3,846 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $34.37, for a total transaction of $132,187.02. Following the completion of the transaction, the vice president directly owned 81,631 shares in the company, valued at $2,805,657.47. This trade represents a 4.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 189,960 shares of company stock worth $7,406,724. 0.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HAL. Capital Research Global Investors boosted its stake in shares of Halliburton by 81.8% in the 3rd 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 purchasing an additional 40,969,139 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Halliburton by 82,596.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock valued at $841,339,000 after purchasing an additional 29,735,387 shares during the last quarter. Strive Asset Management LLC bought a new position in Halliburton during the 3rd quarter worth approximately $418,738,000. Norges Bank bought a new position in Halliburton during the 4th quarter worth approximately $169,304,000. Finally, Holocene Advisors LP bought a new position in Halliburton during the 3rd quarter worth approximately $147,315,000. Institutional investors own 85.23% of the company’s stock.

More Halliburton News

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

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.