Halliburton (NYSE:HAL) Given New $45.00 Price Target at Argus

Halliburton (NYSE:HAL) had its price target increased by Argus from $39.00 to $45.00 in a report published on Thursday morning,MarketScreener reports. Argus currently has a buy rating on the oilfield services company’s stock.

A number of other analysts also recently issued reports on HAL. Evercore raised Halliburton from an “in-line” rating to an “outperform” rating and set a $42.00 target price on the stock in a research report on Friday, March 20th. Jefferies Financial Group reissued a “buy” rating and set a $39.00 price target on shares of Halliburton in a research report on Friday, February 6th. HSBC raised their price target on Halliburton from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday. The Goldman Sachs Group boosted their price target on Halliburton from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada increased their price objective on Halliburton from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday. Seventeen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Halliburton currently has an average rating of “Moderate Buy” and an average target price of $40.73.

Halliburton Stock Performance

Shares of HAL opened at $39.65 on Thursday. Halliburton has a 12 month low of $19.22 and a 12 month high of $41.18. The firm has a fifty day simple moving average of $36.61 and a 200 day simple moving average of $31.40. The stock has a market capitalization of $33.11 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.73 and a beta of 0.68. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.65.

Halliburton (NYSE:HAL) last released its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Halliburton had a net margin of 6.95% and a return on equity of 19.04%. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. Research analysts forecast that Halliburton will post 2.19 EPS for the current fiscal year.

Halliburton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, March 4th. Halliburton’s dividend payout ratio is 37.36%.

Insider Activity

In other news, VP Timothy Mckeon sold 3,846 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $34.37, for a total transaction of $132,187.02. Following the transaction, the vice president owned 81,631 shares in the company, valued at approximately $2,805,657.47. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Van H. Beckwith sold 19,618 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $33.82, for a total value of $663,480.76. Following the completion of the transaction, the executive vice president directly owned 344,535 shares in the company, valued at approximately $11,652,173.70. This represents a 5.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 189,960 shares of company stock valued at $7,406,724. 0.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Halliburton

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nvest Wealth Strategies Inc. bought a new position in Halliburton during the fourth quarter worth about $25,000. Zions Bancorporation National Association UT boosted its holdings in Halliburton by 196.4% in the 4th 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 during the period. Kelleher Financial Advisors acquired a new position in shares of Halliburton during the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Halliburton during the 3rd quarter worth approximately $25,000. Finally, DV Equities LLC bought a new position in shares of Halliburton during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton News Roundup

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q1 results beat expectations — EPS topped consensus and margins improved on international strength, supporting the bullish narrative. Halliburton Q1 beats expectations
• Positive Sentiment: Multiple broker upgrades and price‑target raises (examples: TD Cowen, Citigroup, Argus, HSBC, RBC, Morgan Stanley, JPMorgan, Stifel, Griffin) are lifting investor sentiment and implied upside. Analyst upgrades after Q1
• Positive Sentiment: Management commentary: CEO says U.S. oil is in the “early innings” of a rebound and that a drilling ramp‑up is coming — reinforcing expectations for higher activity and service demand. CEO comments on rebound
• Positive Sentiment: Index/sector positioning: Halliburton is getting more spotlight in Russell 1000 energy reweighting, which can support demand from passive/ETF flows. Russell 1000 spotlight
• Neutral Sentiment: Longer‑term industry backdrop: reports project mid-single‑digit CAGR growth for oilfield services over the next decade — positive for structural demand but not an immediate catalyst. Oilfield services market forecast
• Neutral Sentiment: Analyst consensus remains around a “moderate buy” — broad support but not unanimous, so momentum depends on future execution and guidance. Consensus analyst recommendation
• Negative Sentiment: Company warned of higher costs tied to the Iran war, which could pressure margins and offset some upside from stronger activity. Higher costs from Iran war
• Negative Sentiment: Some cautionary notes and downgrades (e.g., Seeking Alpha analysis, a sell rating from Zephirin, Barclays’ equal‑weight) signal rising uncertainty and profit‑taking risk after the recent rally. Downgrade/uncertainty note

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.