TD Cowen Increases Halliburton (NYSE:HAL) Price Target to $40.00

Halliburton (NYSE:HAL) had its target price hoisted by research analysts at TD Cowen from $39.00 to $40.00 in a report released on Thursday,MarketScreener reports. The brokerage presently has a “buy” rating on the oilfield services company’s stock. TD Cowen’s price objective would indicate a potential upside of 17.74% from the company’s previous close.

Several other brokerages have also commented on HAL. Bank of America lifted their price target on shares of Halliburton from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. HSBC set a $30.00 price objective on Halliburton and gave the stock a “buy” rating in a report on Wednesday, October 22nd. BMO Capital Markets lifted their target price on Halliburton from $31.00 to $36.00 and gave the stock a “market perform” rating in a research report on Monday, January 12th. Redburn Partners set a $35.00 target price on Halliburton in a report on Monday, November 3rd. Finally, Evercore ISI raised their price target on Halliburton from $35.00 to $36.00 and gave the stock an “in-line” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average target price 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 released its quarterly earnings data on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.15. The company had revenue of $5.66 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. Equities research analysts anticipate that Halliburton will post 2.64 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Mark Richard sold 160,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 452,374 shares of the company’s stock, valued at $12,562,425.98. This trade represents a 26.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lawrence J. Pope sold 100,000 shares of Halliburton stock in a transaction that occurred on 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 transaction, the executive vice president owned 419,800 shares of the company’s stock, valued at $13,538,550. This represents a 19.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 268,854 shares of company stock worth $7,915,138 over the last ninety days. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Halliburton

Institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Halliburton by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock worth $2,353,000 after purchasing an additional 6,507 shares during the last quarter. Woodline Partners LP boosted its position in shares of Halliburton by 39.0% in the first quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after buying an additional 20,583 shares during the period. Focus Partners Wealth boosted its stake in shares of Halliburton by 25.0% in the first quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock valued at $1,320,000 after purchasing an additional 10,408 shares during the period. Intech Investment Management LLC grew its stake in shares of Halliburton by 309.1% during the first quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock valued at $1,749,000 after acquiring an additional 52,092 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Halliburton during the 1st quarter worth approximately $895,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton News Summary

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.