Halliburton (NYSE:HAL) Price Target Raised to $43.00

Key Points

• Royal Bank of Canada raised its price target on Halliburton to $43.00 from $38.00 and kept an "outperform" rating, implying about a 14.2% upside from the prior close.
• Analyst consensus remains positive with an average price target of $36.95 and a "Moderate Buy" rating (1 Strong Buy, 15 Buy, 7 Hold among analysts).
• Halliburton won a multibillion‑dollar, long‑term exclusive bundled unconventional completions contract from YPF for the Vaca Muerta, which should boost revenue visibility and expand its South America footprint.

Halliburton (NYSE:HAL - Get Free Report) had its target price hoisted by equities research analysts at Royal Bank Of Canada from $38.00 to $43.00 in a report issued on Tuesday,MarketScreener reports. The firm presently has an "outperform" rating on the oilfield services company's stock. Royal Bank Of Canada's price objective points to a potential upside of 14.22% from the stock's previous close.

Other analysts also recently issued research reports about the stock. BMO Capital Markets increased their target price on shares of Halliburton from $39.00 to $42.00 and gave the stock a "market perform" rating in a research report on Wednesday, March 25th. Barclays decreased their price objective on shares of Halliburton from $30.00 to $29.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 8th. Evercore raised shares of Halliburton from an "in-line" rating to an "outperform" rating and set a $42.00 price objective for the company in a research report on Friday, March 20th. Piper Sandler lifted their target price on shares of Halliburton from $30.00 to $34.00 and gave the company a "neutral" rating in a report on Wednesday, January 28th. Finally, Stifel Nicolaus set a $36.00 price target on shares of Halliburton in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.95.

Halliburton Price Performance

Shares of Halliburton stock opened at $37.65 on Tuesday. Halliburton has a twelve month low of $19.22 and a twelve month high of $41.18. The stock has a market capitalization of $31.44 billion, a P/E ratio of 25.02, a PEG ratio of 2.30 and a beta of 0.68. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. The business's fifty day moving average price is $36.04 and its 200 day moving average price is $30.75.

Halliburton (NYSE:HAL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.55 by $0.14. The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The firm's revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. As a group, research analysts anticipate that Halliburton will post 2.64 earnings per share for the current year.

Insider Activity at Halliburton

In other news, VP Timothy Mckeon sold 3,846 shares of Halliburton stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $34.37, for a total transaction of $132,187.02. Following the sale, the vice president directly owned 81,631 shares of the company's stock, valued at approximately $2,805,657.47. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Van H. Beckwith sold 19,618 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $33.82, for a total value of $663,480.76. Following the completion of the transaction, the executive vice president owned 344,535 shares in the company, valued at approximately $11,652,173.70. This trade represents a 5.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 415,508 shares of company stock valued at $15,291,882. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Halliburton

Hedge funds have recently made changes to their positions in the stock. Nvest Wealth Strategies Inc. bought a new position in Halliburton during the 4th quarter valued at $25,000. Zions Bancorporation National Association UT raised its stake in shares of 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 purchasing an additional 650 shares in the last quarter. Kelleher Financial Advisors bought a new position in shares of Halliburton during the third quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new position in shares of Halliburton during the third quarter worth about $25,000. Finally, DV Equities LLC acquired a new position in Halliburton in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 85.23% of the company's stock.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: YPF awarded Halliburton a multibillion‑dollar, long‑term exclusive bundled unconventional completions contract for the Vaca Muerta — the deal increases Halliburton’s revenue visibility, expands its South America footprint and can raise utilization and aftermarket services over multiple years. YPF Awards Halliburton Multibillion-dollar Long-term Unconventional Completions Contract
• Positive Sentiment: Susquehanna raised its price target on HAL from $40 to $45 and kept a Positive rating — analyst upgrade supports higher valuation expectations and may attract momentum buyers and institutional interest. Susquehanna Raises Price Target on Halliburton (HAL)
• Neutral Sentiment: Multiple industry outlets (Upstream, OGJ, BATimes, MSN) are reporting on the YPF award — broad media coverage increases visibility but mostly reiterates the BusinessWire terms rather than adding new financial detail. Halliburton wins multibillion-dollar contract for Vaca Muerta development
• Neutral Sentiment: AmericanBankingNews published comparative pieces on Halliburton and peers (including a piece tying HAL to Western Energy Services) — useful for relative valuation and competitive context but not an immediate catalyst. Reviewing Halliburton (HAL) and Its Competitors
• Neutral Sentiment: Industry staffing and smaller M&A/management moves (e.g., C3 Oilfield Services CEO hire) were reported — these signal continued sector activity but have limited direct impact on Halliburton’s fundamentals. C3 Oilfield Services Adds Industry Veteran Trey Clark as Chief Executive Officer

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.

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