TD Cowen Forecasts Strong Price Appreciation for Halliburton (NYSE:HAL) Stock

Halliburton (NYSE:HAL) had its price target raised by TD Cowen from $38.00 to $39.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the oilfield services company’s stock. TD Cowen’s price objective indicates a potential upside of 21.39% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Bank of America raised their price objective on shares of Halliburton from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Hsbc Global Res raised Halliburton from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Cowen restated a “buy” rating on shares of Halliburton in a research report on Wednesday. Zephirin Group upped their price objective on Halliburton from $27.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, Zacks Research raised Halliburton from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.71.

Halliburton Price Performance

Shares of HAL stock opened at $32.13 on Wednesday. The firm has a market cap of $27.04 billion, a price-to-earnings ratio of 21.28 and a beta of 0.78. Halliburton has a 12 month low of $18.72 and a 12 month high of $33.03. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $27.75 and a 200 day moving average price of $24.38.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the prior year, the company posted $0.73 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. Research analysts expect that Halliburton will post 2.64 EPS for the current year.

Insiders Place Their Bets

In other news, insider Mark Richard sold 160,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $27.77, for a total transaction of $4,443,200.00. Following the completion of the sale, the insider owned 452,374 shares of the company’s stock, valued at $12,562,425.98. This represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Van H. Beckwith sold 8,854 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $27.89, for a total transaction of $246,938.06. Following the sale, the executive vice president owned 333,528 shares in the company, valued at approximately $9,302,095.92. The trade was a 2.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 268,854 shares of company stock worth $7,915,138. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Halliburton

Large investors have recently added to or reduced their stakes in the company. Clearstead Trust LLC lifted its holdings in shares of Halliburton by 7.4% in the third quarter. Clearstead Trust LLC now owns 5,370 shares of the oilfield services company’s stock valued at $132,000 after purchasing an additional 370 shares in the last quarter. Angeles Wealth Management LLC raised its position in Halliburton by 3.6% in the 3rd quarter. Angeles Wealth Management LLC now owns 11,320 shares of the oilfield services company’s stock valued at $278,000 after buying an additional 392 shares during the last quarter. True Wealth Design LLC raised its position in Halliburton by 21.0% in the 4th quarter. True Wealth Design LLC now owns 2,434 shares of the oilfield services company’s stock valued at $69,000 after buying an additional 423 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Halliburton by 22.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,369 shares of the oilfield services company’s stock valued at $58,000 after acquiring an additional 431 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in Halliburton by 0.9% during the 3rd quarter. Profund Advisors LLC now owns 51,508 shares of the oilfield services company’s stock worth $1,267,000 after acquiring an additional 463 shares during the last quarter. Institutional investors own 85.23% of the company’s stock.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: White House meeting fuels rebuild narrative — Top oil companies are meeting with President Trump to discuss rebuilding Venezuela’s oil industry, a development investors see as a multiyear capex opportunity for oilfield services providers like Halliburton. Trump to Meet With Chevron and Other Oil Companies on Venezuela. What We Know.
• Positive Sentiment: Analyst target lift — TD Cowen raised its price target to $39 and keeps a buy stance, highlighting upside if the Venezuela story and broader services demand persist. Benzinga: TD Cowen price target raise
• Positive Sentiment: Media and TV attention — CNBC/TV and columnists (e.g., Jim Cramer) have singled out Halliburton as a speculative play on Venezuela reconstruction, which is boosting retail and options flows. Jim Cramer Highlights Halliburton as a Speculative Venezuela Rebuild Play
• Positive Sentiment: Unusually large option/open interest activity — Elevated call buying and heightened volume suggest speculative conviction that the Venezuela narrative can drive further near‑term gains. Halliburton Target of Unusually Large Options Trading (NYSE:HAL)
• Neutral Sentiment: Bessent warns big oil may move slowly — U.S. Treasury Secretary Scott Bessent said the largest oil majors are likely to act cautiously on Venezuela, implying smaller/independent firms could move faster; this moderates the timeline for big capex wins. Bessent says largest oil companies are likely to move slower in Venezuela
• Neutral Sentiment: Mixed analyst stance — Some outlets (Seeking Alpha) maintain a Hold and others publish longer‑term valuation arguments (P/E expansion case), so professional views are still split between tactical opportunity and measured caution. Halliburton: Keeping An Eye On Venezuela, But Maintaining Our Previous Rating – Hold
• Negative Sentiment: Evercore downgrade / mixed analyst notes — Evercore downgraded HAL to “in-line” (while raising its price target), a signal that exposure and risk profile concerns are capping enthusiasm and can trigger selling. Evercore ISI downgrade reporting
• Negative Sentiment: Companies seek guarantees / regulatory risk — FT/Reuters coverage says U.S. oil firms want guarantees from Washington before large Venezuela investments, adding policy and legal friction to any near‑term capital deployment. US oil companies say they need guarantees to invest in Venezuela, FT reports
• Negative Sentiment: Insider selling and profit taking — An EVP sold 100,000 shares recently and some coverage notes the stock pushed into overbought territory, both of which can amplify short‑term pullbacks. SEC filing – Insider Sale (Lawrence J. Pope)

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.