Halliburton (NYSE:HAL) Stock Price Expected to Rise, Argus Analyst Says

Halliburton (NYSE:HAL) had its target price hoisted by equities researchers at Argus from $31.00 to $39.00 in a report released on Friday,MarketScreener reports. The firm currently has a “buy” rating on the oilfield services company’s stock. Argus’ price target indicates a potential upside of 14.80% from the stock’s previous close.

Several other research firms also recently issued reports on HAL. Bank of America boosted their price objective on shares of Halliburton from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Zephirin Group downgraded Halliburton from a “buy” rating to a “hold” rating and decreased their target price for the stock from $30.00 to $28.00 in a research report on Friday. Piper Sandler upped their price target on Halliburton from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Rothschild & Co Redburn began coverage on Halliburton in a research report on Monday, November 3rd. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Evercore ISI lifted their price objective on Halliburton from $35.00 to $36.00 and gave the stock an “in-line” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.57.

Halliburton Stock Up 0.8%

Shares of HAL stock opened at $33.97 on Friday. Halliburton has a 12 month low of $18.72 and a 12 month high of $35.55. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. The firm has a market cap of $28.59 billion, a PE ratio of 22.50 and a beta of 0.78. The stock has a 50 day moving average of $28.97 and a 200-day moving average of $25.31.

Halliburton (NYSE:HAL) last announced its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.15. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. Halliburton’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. On average, equities analysts predict that Halliburton will post 2.64 EPS for the current year.

Insider Buying and Selling

In other Halliburton news, insider Mark Richard sold 160,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the completion of the transaction, the insider directly owned 452,374 shares in the company, valued at $12,562,425.98. This represents a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction 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 of the company’s stock, valued at approximately $13,538,550. The trade was a 19.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 268,854 shares of company stock worth $7,915,138 in the last 90 days. 0.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Halliburton

Several large investors have recently made changes to their positions in HAL. Capital Research Global Investors boosted its holdings 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 worth $2,239,349,000 after acquiring an additional 40,969,139 shares in the last quarter. Strive Asset Management LLC acquired a new stake in Halliburton during the 3rd quarter valued at $418,738,000. Holocene Advisors LP acquired a new stake in Halliburton during the 3rd quarter valued at $147,315,000. Norges Bank bought a new position in Halliburton in the 2nd quarter valued at $109,379,000. Finally, AQR Capital Management LLC boosted its stake 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 purchasing an additional 3,969,759 shares in the last quarter. 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: Q4 beat and operational momentum — HAL topped EPS and revenue expectations, with improved margins and management emphasizing capital returns (buybacks/dividends) that support per-share value. MarketBeat: Halliburton Beat Expectations
• Positive Sentiment: Analyst upgrades and price-target raises — multiple firms (TD Cowen, Susquehanna, RBC, BMO, JPMorgan, Evercore, Stifel, Capital One) raised targets or ratings after results, signaling consensus sentiment lift and providing upward price catalysts. Benzinga: Analysts Increase Forecasts
• Positive Sentiment: New strategic initiatives — a $35M Halliburton–A*STAR lab in Singapore targets faster tech-enabled growth in Asia, supporting international revenue diversification and longer-term service/product improvements. SBR: Halliburton, A*STAR $35m lab
• Positive Sentiment: Venezuela opportunity — company comments and hiring activity point to a potential quick re-entry if cleared politically, which could materially expand international revenue. WSJ: Halliburton Prepares to Re-Enter Venezuela
• Neutral Sentiment: Options activity and new highs — large call buying and a 12-month high reflect elevated speculative and institutional interest, but they can amplify short-term volatility. AmericanBankingNews: Investors Buy Calls
• Neutral Sentiment: Macro/sector noise — broader energy-market swings and geopolitics (plus periodic headlines) create background volatility that can mask company fundamentals in the near term. SeeItMarket: Energy Stocks Steady Amid Macro Chaos
• Negative Sentiment: Profit nuance — while EPS beat, net income edged down year-over-year (reported net income decline), highlighting some margin or one-time items that temper the beat. Yahoo: Q4 net income falls 4.2%
• Negative Sentiment: Analyst downgrade — Zephirin Group cut HAL from Buy to Hold and trimmed its target to $28, flagging downside risk and reminding investors not all analysts are convinced upside is sustained. MarketScreener: Zephirin Downgrades HAL

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.