Halliburton (NYSE:HAL) Price Target Lowered to $47.00 at TD Cowen

Halliburton (NYSE:HAL) had its price target reduced by TD Cowen from $48.00 to $47.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the oilfield services company’s stock.

A number of other research firms have also commented on HAL. Jefferies Financial Group reiterated a “buy” rating and set a $47.00 price objective on shares of Halliburton in a research note on Sunday, April 26th. Evercore reaffirmed an “outperform” rating and set a $43.00 price target on shares of Halliburton in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Halliburton in a research report on Wednesday, July 8th. Citigroup boosted their price objective on Halliburton from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Barclays cut their price objective on Halliburton from $55.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday. Eighteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average target price of $43.38.

Halliburton Price Performance

Shares of NYSE HAL opened at $33.00 on Wednesday. The stock has a market cap of $27.57 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.53 and a beta of 0.71. The firm’s 50-day simple moving average is $37.28 and its 200 day simple moving average is $36.45. Halliburton has a fifty-two week low of $20.39 and a fifty-two week high of $43.59. The company has a quick ratio of 1.54, a current ratio of 2.02 and a debt-to-equity ratio of 0.64.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Halliburton’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.55 EPS. Equities analysts expect that Halliburton will post 2.36 EPS for the current year.

Halliburton Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Stockholders of record on Wednesday, June 3rd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, June 3rd. Halliburton’s dividend payout ratio is currently 37.36%.

Insiders Place Their Bets

In other Halliburton news, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total transaction of $889,282.42. Following the transaction, the chief financial officer directly owned 148,520 shares in the company, valued at approximately $5,330,382.80. The trade was a 14.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Timothy Mckeon sold 8,655 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $42.00, for a total transaction of $363,510.00. Following the sale, the vice president directly owned 72,976 shares in the company, valued at approximately $3,064,992. This trade represents a 10.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 258,255 shares of company stock worth $10,550,535 over the last three months. Company insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Matrix Trust Co acquired a new stake in shares of Halliburton during the second quarter worth approximately $29,000. Nvest Wealth Strategies Inc. acquired a new position in Halliburton in the 4th quarter valued at approximately $25,000. Zions Bancorporation National Association UT increased its stake in Halliburton by 196.4% in the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock valued at $28,000 after buying an additional 650 shares during the period. Hoey Investments Inc. purchased a new stake in Halliburton in the 1st quarter worth approximately $39,000. Finally, Kelleher Financial Advisors purchased a new stake in Halliburton in the 3rd quarter worth approximately $25,000. 85.23% of the stock is owned by institutional investors and hedge funds.

Key Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton reported Q2 adjusted EPS of $0.55 on revenue of $5.71 billion, both ahead of expectations, with revenue up year over year and strong international demand helping results. Halliburton Announces Second Quarter 2026 Results
• Positive Sentiment: The company said international revenue hit a 10-year high and management highlighted margin expansion and confidence in continued growth, which supports the longer-term outlook. Halliburton Tops Estimates as International Demand Strengthens
• Positive Sentiment: Halliburton won a multi-year contract from Kuwait Oil Company to help develop the Ahmadi Innovation Valley, adding to its international project momentum. Kuwait Oil Company Awards Long-Term Agreement to Advance Technology Development Ahmadi Innovation Valley
• Positive Sentiment: TD Cowen lowered its price target slightly to $47 but kept a buy rating, signaling continued analyst confidence and implying meaningful upside from current levels. Benzinga report on TD Cowen target cut
• Neutral Sentiment: Several analysts trimmed forecasts after the Q2 report, but the cuts appear to reflect a more cautious near-term view rather than a change in the company’s underlying profitability or contract wins. Analysts Cut Their Forecasts On Halliburton Following Q2 Results
• Negative Sentiment: Investor sentiment was hurt by weaker Middle East activity and management’s warning that regional disruption is pressuring results, with some reports noting the market viewed the revenue outlook as tepid. Reuters report on second-quarter profit rise
• Negative Sentiment: Despite beating estimates, shares fell after the earnings release because the improvement was offset by concerns about Middle East operations and a softer short-term outlook for oilfield services demand. Barrons article on stock falling after earnings

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.