Halliburton (NYSE:HAL) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Halliburton from “Buy” to “Hold,” although broader analyst sentiment remains “Moderate Buy” with a consensus price target of $43.10.
• Halliburton exceeded quarterly expectations, reporting $0.55 in EPS versus a $0.54 estimate and $5.71 billion in revenue, up 3.7% year over year.
• Company insiders have recently sold shares under pre-arranged trading plans, while institutional investors own a substantial 85.23% of Halliburton’s stock.

Halliburton (NYSE:HAL - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Monday.

Other analysts have also issued reports about the stock. Evercore restated an "outperform" rating and issued a $43.00 price objective on shares of Halliburton in a report on Wednesday, July 22nd. TD Cowen reduced their target price on Halliburton from $48.00 to $47.00 and set a "buy" rating on the stock in a report on Wednesday, July 22nd. Freedom Capital raised Halliburton from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 22nd. UBS Group lowered their target price on Halliburton from $40.00 to $39.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Finally, Barclays dropped their price target on Halliburton from $55.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.10.

Halliburton Stock Up 0.0%

Shares of NYSE HAL opened at $36.19 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. Halliburton has a 12 month low of $21.40 and a 12 month high of $43.59. The firm has a market capitalization of $30.15 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.27 and a beta of 0.73. The firm has a fifty day simple moving average of $33.82 and a two-hundred day simple moving average of $36.55.

Halliburton (NYSE:HAL - Get Free Report) last posted its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $5.50 billion. During the same period last year, the company posted $0.55 EPS. The company's quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts expect that Halliburton will post 2.34 earnings per share for the current year.

Insider Activity at Halliburton

In other news, COO Jeffrey Shannon Slocum sold 52,572 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the sale, the chief operating officer directly owned 118,730 shares of the company's stock, valued at $4,166,235.70. The trade was a 30.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the sale, the chief financial officer owned 148,520 shares in the company, valued at $5,330,382.80. The trade was a 14.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Halliburton

Institutional investors have recently modified their holdings of the stock. Bank of Nova Scotia raised its holdings in Halliburton by 128.8% in the 1st quarter. Bank of Nova Scotia now owns 2,284,612 shares of the oilfield services company's stock worth $89,077,000 after acquiring an additional 1,286,095 shares during the last quarter. ABN Amro Investment Solutions purchased a new stake in Halliburton during the 4th quarter valued at $827,000. K.J. Harrison & Partners Inc increased its holdings in shares of Halliburton by 172.6% in the 4th quarter. K.J. Harrison & Partners Inc now owns 110,000 shares of the oilfield services company's stock worth $3,109,000 after purchasing an additional 69,644 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Halliburton by 22.0% in the 4th quarter. Swiss Life Asset Management Ltd now owns 373,949 shares of the oilfield services company's stock worth $10,568,000 after purchasing an additional 67,369 shares in the last quarter. Finally, Nwam LLC purchased a new position in shares of Halliburton in the fourth quarter worth $3,731,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton is reportedly in talks to supply equipment and services for the possible redevelopment of Venezuelan oil fields as U.S. companies discuss multibillion-dollar investments in the country’s energy sector. A successful agreement could create new equipment, drilling and production-service revenue opportunities. Chevron, Other U.S. Firms Near Deal to Invest Billions in Venezuelan Oil Fields
• Positive Sentiment: Halliburton recently won an integrated contract from BP for the first appraisal campaign at the Bumerangue field offshore Brazil. The project includes drilling, evaluation, automation and remote operations, supporting expectations for continued deepwater activity and international revenue growth. Why Halliburton (HAL) Stock Is Up Today
• Positive Sentiment: Call-option activity was unusually strong, with investors buying 25,477 calls—approximately 45% above average volume—indicating increased short-term bullish positioning, though options activity can also amplify volatility.
• Neutral Sentiment: Halliburton is hiring a senior offshore-leasing official from the Trump administration, a move that could strengthen government and regulatory expertise but does not immediately change earnings expectations. Trump’s Head of Offshore Leasing Leaving for Oilfield Services Firm Halliburton
• Negative Sentiment: Reported insider trading was one-sided over the past six months, with multiple executives and directors selling shares and no listed insider purchases. This may weigh on sentiment, although such sales can reflect compensation, diversification or scheduled transactions rather than a change in business outlook.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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