Halliburton (NYSE:HAL) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Halliburton (NYSE:HAL) had its price objective raised by stock analysts at Royal Bank Of Canada from $36.00 to $38.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has an “outperform” rating on the oilfield services company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 11.85% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Halliburton in a research note on Monday, December 29th. Bank of America lifted their target price on Halliburton from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Capital One Financial upped their target price on Halliburton from $25.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday. HSBC set a $30.00 price target on Halliburton and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group boosted their price objective on Halliburton from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.35.

Halliburton Price Performance

HAL stock opened at $33.97 on Thursday. The business has a 50 day moving average price of $28.97 and a 200 day moving average price of $25.29. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. The stock has a market cap of $28.59 billion, a price-to-earnings ratio of 22.50 and a beta of 0.78. Halliburton has a fifty-two week low of $18.72 and a fifty-two week high of $35.55.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.54 by $0.15. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. 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. Equities research analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Mark Richard sold 160,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $12,562,425.98. The trade was a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lawrence J. Pope sold 100,000 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $32.25, for a total value of $3,225,000.00. Following the completion of the sale, the executive vice president owned 419,800 shares in the company, valued at $13,538,550. This represents a 19.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 268,854 shares of company stock worth $7,915,138 in the last ninety days. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HAL. Capital Research Global Investors boosted its stake in shares of Halliburton by 81.8% during the 3rd quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company’s stock worth $2,239,349,000 after purchasing an additional 40,969,139 shares during the last quarter. Strive Asset Management LLC acquired a new position in shares of Halliburton in the third quarter valued at approximately $418,738,000. Holocene Advisors LP purchased a new position in shares of Halliburton during the third quarter valued at approximately $147,315,000. Norges Bank acquired a new stake in Halliburton during the second quarter worth approximately $109,379,000. Finally, AQR Capital Management LLC grew its stake in Halliburton by 85.5% in the 2nd quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company’s stock worth $175,490,000 after acquiring an additional 3,969,759 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

Trending Headlines about Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q4 beat and operational momentum — HAL topped EPS and revenue expectations, with improved margins and management emphasizing capital returns (buybacks/dividends) that support per-share value. MarketBeat: Halliburton Beat Expectations
• Positive Sentiment: Analyst upgrades and price-target raises — multiple firms (TD Cowen, Susquehanna, RBC, BMO, JPMorgan, Evercore, Stifel, Capital One) raised targets or ratings after results, signaling consensus sentiment lift and providing upward price catalysts. Benzinga: Analysts Increase Forecasts
• Positive Sentiment: New strategic initiatives — a $35M Halliburton–A*STAR lab in Singapore targets faster tech-enabled growth in Asia, supporting international revenue diversification and longer-term service/product improvements. SBR: Halliburton, A*STAR $35m lab
• Positive Sentiment: Venezuela opportunity — company comments and hiring activity point to a potential quick re-entry if cleared politically, which could materially expand international revenue. WSJ: Halliburton Prepares to Re-Enter Venezuela
• Neutral Sentiment: Options activity and new highs — large call buying and a 12-month high reflect elevated speculative and institutional interest, but they can amplify short-term volatility. AmericanBankingNews: Investors Buy Calls
• Neutral Sentiment: Macro/sector noise — broader energy-market swings and geopolitics (plus periodic headlines) create background volatility that can mask company fundamentals in the near term. SeeItMarket: Energy Stocks Steady Amid Macro Chaos
• Negative Sentiment: Profit nuance — while EPS beat, net income edged down year-over-year (reported net income decline), highlighting some margin or one-time items that temper the beat. Yahoo: Q4 net income falls 4.2%
• Negative Sentiment: Analyst downgrade — Zephirin Group cut HAL from Buy to Hold and trimmed its target to $28, flagging downside risk and reminding investors not all analysts are convinced upside is sustained. MarketScreener: Zephirin Downgrades HAL

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.