Halliburton (NYSE:HAL) Price Target Raised to $44.00 at Royal Bank Of Canada

Halliburton (NYSE:HAL) had its price target lifted by stock analysts at Royal Bank Of Canada from $43.00 to $44.00 in a note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the oilfield services company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 12.37% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. UBS Group raised their price target on shares of Halliburton from $35.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Halliburton in a report on Friday, April 10th. Evercore raised shares of Halliburton from an “in-line” rating to an “outperform” rating and set a $42.00 price target on the stock in a report on Friday, March 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $39.00 price target on shares of Halliburton in a report on Friday, February 6th. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.27.

Halliburton Stock Up 2.6%

NYSE:HAL opened at $39.16 on Wednesday. The firm has a market cap of $32.70 billion, a P/E ratio of 25.97, a P/E/G ratio of 1.63 and a beta of 0.68. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.51 and a current ratio of 2.04. Halliburton has a fifty-two week low of $19.22 and a fifty-two week high of $41.18. The firm has a 50-day simple moving average of $36.42 and a two-hundred day simple moving average of $31.29.

Halliburton (NYSE:HAL) last released its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The business had revenue of $5.40 billion during the quarter, compared to analyst estimates of $5.37 billion. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. Halliburton’s revenue was down .3% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. Analysts predict that Halliburton will post 2.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Van H. Beckwith sold 54,348 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $1,900,006.08. Following the transaction, the executive vice president owned 344,535 shares of the company’s stock, valued at approximately $12,044,943.60. This trade represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jeffrey Shannon Slocum sold 5,441 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $33.82, for a total transaction of $184,014.62. Following the completion of the transaction, the chief operating officer directly owned 187,423 shares in the company, valued at approximately $6,338,645.86. The trade was a 2.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 415,508 shares of company stock valued at $15,291,882 in the last 90 days. 0.57% of the stock is owned by insiders.

Hedge Funds Weigh In On Halliburton

Several large investors have recently added to or reduced their stakes in HAL. Cullen Frost Bankers Inc. purchased a new position in Halliburton during the third quarter valued at approximately $25,000. Nvest Wealth Strategies Inc. purchased a new position in Halliburton during the fourth quarter valued at approximately $25,000. Kelleher Financial Advisors purchased a new position in Halliburton during the third quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. purchased a new position in Halliburton during the second quarter valued at approximately $25,000. Finally, Zions Bancorporation National Association UT lifted its holdings in Halliburton by 196.4% during the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock valued at $28,000 after purchasing an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Key Stories Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q1 beat: HAL reported $0.55 EPS and $5.40B revenue, topping consensus and showing a meaningful earnings beat that drove the rally. Halliburton Announces First Quarter 2026 Results
• Positive Sentiment: International strength: Latin America and Europe/Africa growth lifted margins and offset regional headwinds, supporting better-than-expected profit performance. Halliburton posts higher first-quarter profit
• Positive Sentiment: Management outlook: CEO said U.S. oil activity is in the “early innings” of a rebound and a drilling ramp-up is coming, which signals potential improving North America revenue ahead. Halliburton CEO: US oil is in the ‘early innings’ of a rebound—and a drilling ramp-up is coming
• Positive Sentiment: Analyst bullishness: Multiple firms raised ratings/targets (Stifel raised target to $43; Griffin upgraded to buy with $47 PT; TD Cowen lifted target to $48), adding buy-side momentum. Benzinga
• Positive Sentiment: Cash generation & shareholder returns: $273M operating cash flow, ~$123M free cash flow, a $0.17 dividend and about $100M in buybacks during the quarter support capital return story. Halliburton Q1 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Corporate activity: Halliburton is discussing commercial terms with customers in Venezuela after visits to facilities — could unlock revenue but carries geopolitical/legal complexity. Oilfield service firm Halliburton is discussing commercial terms with customers for Venezuela operations
• Negative Sentiment: Higher near-term costs from Iran war: Management flagged a Q2 hit of about $0.07–$0.09 per share and broader Middle East disruptions that could pressure margins. Halliburton flags higher costs from Iran war as first-quarter profit tops estimates
• Negative Sentiment: North America softness & flat revenue: U.S. stimulation activity remains softer and total revenue was roughly flat year-over-year, limiting upside until a clearer drilling ramp occurs. Halliburton (NYSE:HAL) Posts Better-Than-Expected Sales In Q1 CY2026

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.