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

Key Points

• TD Cowen raised its target to $39 and maintains a "buy" rating, implying about 28.6% upside; MarketBeat's consensus is a Moderate Buy with an average target of $32.71.
• Shares traded at $30.33 (down 1.6%) with a 52‑week range of $18.72–$33.03; Halliburton reported Q3 EPS of $0.58 and revenue of $5.60B, both beating estimates though revenue was down 1.7% year‑over‑year.
• Insider selling totaled 268,854 shares (~$7.9M) in the last three months, and Venezuela‑driven optimism plus unusual options activity have boosted momentum but also increased volatility and analyst caution.

Halliburton (NYSE:HAL - Get Free Report) had its target price lifted by investment analysts at TD Cowen from $38.00 to $39.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the oilfield services company's stock. TD Cowen's target price would indicate a potential upside of 28.57% from the stock's current price.

Other equities research analysts have also recently issued research reports about the stock. HSBC set a $30.00 target price on shares of Halliburton and gave the company a "buy" rating in a research report on Wednesday, October 22nd. Zacks Research upgraded Halliburton from a "strong sell" rating to a "hold" rating in a report on Thursday, October 23rd. Zephirin Group raised their price objective on Halliburton from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Royal Bank Of Canada upgraded Halliburton from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, October 22nd. Finally, Piper Sandler increased their price target on Halliburton from $27.00 to $29.00 and gave the company a "neutral" rating in a research note on Thursday, December 18th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Halliburton has a consensus rating of "Moderate Buy" and an average target price of $32.71.

Halliburton Stock Down 1.6%

Shares of NYSE HAL traded down $0.50 during mid-day trading on Wednesday, reaching $30.33. 8,630,561 shares of the company were exchanged, compared to its average volume of 21,905,975. Halliburton has a 1 year low of $18.72 and a 1 year high of $33.03. The firm has a 50-day moving average of $27.59 and a 200 day moving average of $24.28. The stock has a market cap of $25.53 billion, a price-to-earnings ratio of 20.05 and a beta of 0.78. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.70.

Halliburton (NYSE:HAL - Get Free Report) last announced its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.08. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the company posted $0.73 earnings per share. The firm's revenue was down 1.7% on a year-over-year basis. On average, research analysts expect that Halliburton will post 2.64 earnings per share for the current year.

Insider Transactions at Halliburton

In other news, insider Mark Richard sold 160,000 shares of the firm's stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $27.77, for a total value 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 trade represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $32.25, for a total value of $3,225,000.00. Following the sale, the executive vice president directly owned 419,800 shares of the company's stock, valued at $13,538,550. This trade represents a 19.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 268,854 shares of company stock worth $7,915,138 over the last three months. 0.61% of the stock is currently owned by insiders.

Institutional Trading of Halliburton

Several large investors have recently made changes to their positions in HAL. Kelleher Financial Advisors acquired a new stake in Halliburton during the third quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new position in Halliburton in the third quarter valued at approximately $25,000. GoalVest Advisory LLC purchased a new stake in Halliburton in the 4th quarter worth approximately $35,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Halliburton during the 2nd quarter worth approximately $25,000. Finally, Strive Asset Management LLC acquired a new stake in shares of Halliburton during the 3rd quarter worth approximately $31,000. 85.23% of the stock is owned by hedge funds and other institutional investors.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Venezuela rebuild thesis — analysts and market commentary estimate a multi‑year, $100B+ rebuild opportunity that would directly benefit oilfield services (well work, cementing, repairs) and could unlock receivables previously written off. Read More.
• Positive Sentiment: News-driven rally & price momentum — HAL recently hit a 52‑week high and posted a multi‑day surge as traders repositioned for Venezuela exposure, attracting higher equity and option volume. Read More.
• Positive Sentiment: Unusually large options activity — elevated call buying suggests speculative bullish conviction that could extend short‑term upside if the Venezuela narrative persists. Read More.
• Neutral Sentiment: Technical/flow caution — some outlets flag HAL as overbought after the rally; that raises short‑term pullback risk even if the long‑term thesis remains intact. Read More.
• Neutral Sentiment: Market chatter & political attention — social media, hedge‑fund positioning and congressional trading headlines are amplifying volatility but don’t change fundamentals immediately; monitor for regulatory or reputational follow-ups. Read More.
• Negative Sentiment: Analyst downgrade from Evercore ISI — Evercore cut HAL to "in‑line" (citing North America exposure) even while nudging its price target higher, a catalyst that likely pressured sentiment and contributed to recent selling. Read More.
• Negative Sentiment: Insider selling — EVP Lawrence J. Pope sold 100,000 shares (~$3.2M at ~$32.25), trimming his stake materially; repeated insider sales have been flagged by observers and can undermine confidence during a momentum trade. Read More.
• Negative Sentiment: Profit‑taking and rotation — coverage notes HAL pulled back while broader energy gains faded, signaling near‑term volatility and that some gains were event‑driven rather than fundamental. Read More.

About Halliburton

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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