BMO Capital Markets Increases Halliburton (NYSE:HAL) Price Target to $42.00

Halliburton (NYSE:HAL) had its price target lifted by investment analysts at BMO Capital Markets from $39.00 to $42.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the oilfield services company’s stock. BMO Capital Markets’ price objective indicates a potential upside of 7.94% from the company’s current price.

A number of other equities research analysts have also issued reports on HAL. Morgan Stanley reissued an “overweight” rating and issued a $35.00 price objective on shares of Halliburton in a report on Wednesday, January 21st. Citigroup lifted their target price on shares of Halliburton from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. UBS Group boosted their target price on shares of Halliburton from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Jefferies Financial Group reissued a “buy” rating and issued a $39.00 price target on shares of Halliburton in a research note on Friday, February 6th. Finally, Argus raised their price target on shares of Halliburton from $31.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and a consensus target price of $35.81.

Halliburton Stock Performance

Shares of Halliburton stock opened at $38.91 on Wednesday. Halliburton has a one year low of $18.72 and a one year high of $39.87. The company has a market cap of $32.59 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.32 and a beta of 0.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04. The business’s 50 day moving average price is $34.81 and its 200 day moving average price is $29.33.

Halliburton (NYSE:HAL) last issued its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.14. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the prior year, the business earned $0.73 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. On average, research analysts predict that Halliburton will post 2.64 EPS for the current year.

Insider Activity at Halliburton

In other news, COO Jeffrey Shannon Slocum sold 5,441 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $33.82, for a total value of $184,014.62. Following the transaction, the chief operating officer directly owned 187,423 shares in the company, valued at approximately $6,338,645.86. This represents a 2.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lawrence J. Pope sold 100,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the transaction, the executive vice president directly owned 419,800 shares of the company’s stock, valued at $13,538,550. The trade was a 19.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 357,053 shares of company stock valued at $12,178,682 over the last quarter. 0.56% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new position in shares of Halliburton during the third quarter worth $25,000. Nvest Wealth Strategies Inc. purchased a new stake in shares of Halliburton in the 4th quarter valued at $25,000. Kelleher Financial Advisors acquired a new position in Halliburton during the 3rd quarter worth about $25,000. Newbridge Financial Services Group Inc. acquired a new position in Halliburton during the 2nd quarter worth about $25,000. Finally, Zions Bancorporation National Association UT boosted its holdings in Halliburton by 196.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock valued at $28,000 after acquiring an additional 650 shares during the period. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Zacks and Yahoo highlight that oilfield-services firms with low leverage—like HAL—are well positioned to benefit from strong industry tailwinds and easier access to capital, supporting medium-term growth expectations. 4 Oilfield Services Stocks Set to Gain From Strong Industry Tailwinds
• Positive Sentiment: BMO raised its price target on HAL to $42 (from $39) and kept a Market Perform rating—this lift in analyst optimism provides a near-term valuation catalyst and suggests upside from current levels. Coverage note and commentary reflecting the change have supported buying interest. Halliburton’s $42 Price Target From BMO Signals More Runway After a Monster 2026
• Positive Sentiment: Analyst/commentary pieces (Seeking Alpha) argue that higher oil prices should drive upward estimate revisions for Halliburton, implying better margin and revenue outlooks if commodity strength persists. Halliburton: Higher Oil, Higher Estimates Likely To Come
• Positive Sentiment: Market momentum pieces note HAL hitting a new 1-year high recently, reinforcing technical strength and investor conviction following better-than-expected quarterly results and forward commentary. Halliburton Reaches New 1-Year High
• Neutral Sentiment: An energy IPO (HMH Holding, tied to Baker Hughes and Akastor) is proceeding as oil prices rise; this broader industry activity signals healthy deal flow but is not a direct catalyst for HAL. An Energy IPO Is Coming as Oil Prices Surge
• Neutral Sentiment: A report about ReconAfrica starting testing in Namibia is industry-related news but does not materially affect Halliburton’s near-term fundamentals. ReconAfrica begins testing at Namibia discovery

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.