Halliburton (NYSE:HAL) Stock Gets Price Target Boost from Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised Halliburton’s price target to $46 from $45 and maintained an “outperform” rating, implying 36.67% upside from the prior close.
• Halliburton reported quarterly earnings of $0.60 per share and revenue of $5.70 billion, both ahead of analyst expectations, with revenue up 1.8% year over year.
• Analyst sentiment remains broadly positive, with 17 Buy ratings and a consensus “Moderate Buy” rating; however, weaker North American activity, lower operating income, impairment charges and insider selling remain risks.

Halliburton (NYSE:HAL - Get Free Report) had its target price hoisted by equities research analysts at Royal Bank Of Canada from $45.00 to $46.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an "outperform" rating on the oilfield services company's stock. Royal Bank Of Canada's price target would indicate a potential upside of 36.67% from the company's previous close.

Several other equities analysts have also recently commented on HAL. Weiss Ratings reissued a "hold (c)" rating on shares of Halliburton in a research report on Friday, October 2nd. Wolfe Research initiated coverage on shares of Halliburton in a research note on Wednesday, July 8th. They issued a "peer perform" rating for the company. Jefferies Financial Group reaffirmed a "buy" rating on shares of Halliburton in a research report on Wednesday. TD Cowen reiterated a "buy" rating on shares of Halliburton in a research note on Tuesday. Finally, BMO Capital Markets set a $37.00 price objective on Halliburton in a research note on Wednesday, July 22nd. Seventeen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.05.

Halliburton Stock Up 2.1%

Shares of HAL opened at $33.66 on Wednesday. The stock has a market capitalization of $28.04 billion, a PE ratio of 17.62, a P/E/G ratio of 1.91 and a beta of 0.83. Halliburton has a 1 year low of $24.12 and a 1 year high of $43.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The company's 50-day simple moving average is $34.21 and its 200-day simple moving average is $36.08.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm had revenue of $5.70 billion during the quarter, compared to analysts' expectations of $5.58 billion. During the same quarter in the previous year, the business posted $0.58 earnings per share. The business's quarterly revenue was up 1.8% compared to the same quarter last year. Analysts forecast that Halliburton will post 2.34 earnings per share for the current fiscal year.

Insider Activity at Halliburton

In related news, COO Jeffrey Slocum sold 52,572 shares of the stock in a transaction 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 transaction, the chief operating officer owned 118,730 shares of the company's stock, valued at $4,166,235.70. This represents a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company's stock.

Institutional Trading of Halliburton

Institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in Halliburton during the second quarter worth $26,000. Kilter Group LLC acquired a new stake in Halliburton in the second quarter valued at $26,000. Silvant Capital Management LLC acquired a new stake in Halliburton in the second quarter valued at $28,000. Matrix Trust Co purchased a new stake in shares of Halliburton during the 2nd quarter worth $29,000. Finally, Trust Co. of Vermont purchased a new stake in shares of Halliburton during the 2nd quarter worth $35,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Halliburton reported adjusted earnings of $0.60 per share versus the $0.58 consensus estimate, while revenue increased 1.8% year over year to $5.70 billion, above the $5.58 billion forecast. Halliburton tops third-quarter profit estimates on international oilfield demand
• Positive Sentiment: International operations drove the outperformance. International revenue rose 3% sequentially to approximately $3.5 billion, offsetting a 5% decline in North American revenue. Deepwater contracts, Middle East activity and drilling strength supported the results. Halliburton: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Management offered a constructive 2027 outlook. Halliburton expects mid-single-digit revenue growth and approximately 15% operating margins in 2027—about a two-percentage-point improvement—even assuming a flat North American market and no meaningful hydraulic-fracturing recovery. The company also repurchased roughly $250 million of stock and maintained its dividend. Halliburton targets 15% operating margin as 2027 growth outlook strengthens
• Neutral Sentiment: Middle East developments create both opportunity and risk. Management sees potentially prolonged demand from regional rebuilding, but warned that conflict could cause a major oil-supply disruption, increasing commodity-market volatility and uncertainty for customers. Halliburton Sees Years of Growth as Mideast Rebuilds
• Negative Sentiment: North America and profitability remain watchpoints. Total operating income declined sequentially, Completion and Production revenue fell 4%, and reported results included a $107 million pre-tax impairment-related charge. Recent reports also noted insider selling, while Piper Sandler and BMO Capital modestly lowered their price targets despite retaining favorable ratings. Halliburton Posts $5.7 Billion Third-Quarter Revenue and $419 Million Net Income

Halliburton Company Profile

Halliburton Company NYSE: HAL is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.

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.