Halliburton (NYSE:HAL) Stock Gets Price Target Cut from Piper Sandler

Halliburton (NYSE:HAL) had its price objective cut by Piper Sandler from $43.00 to $42.00 in a report released on Monday morning, MarketBeat Ratings reports. They currently have an overweight rating on the oilfield services company’s stock.

HAL has been the topic of a number of other research reports. Freedom Capital raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. BMO Capital Markets set a $37.00 target price on shares of Halliburton in a report on Wednesday, July 22nd. Wolfe Research assumed coverage on shares of Halliburton in a research note on Wednesday, July 8th. They issued a “peer perform” rating for the company. Barclays lowered their price target on shares of Halliburton from $55.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Finally, Wall Street Zen downgraded shares of Halliburton from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Seventeen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.10.

Halliburton Stock Up 1.1%

Halliburton stock opened at $33.96 on Monday. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83. Halliburton has a 52 week low of $24.92 and a 52 week high of $43.59. The business’s 50-day moving average price is $34.22 and its 200 day moving average price is $36.05. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.63.

Halliburton (NYSE:HAL) last announced its quarterly earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Halliburton had a return on equity of 18.36% and a net margin of 8.90%. The company had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.58 billion. During the same period last year, the business earned $0.58 earnings per share. Halliburton’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Halliburton will post 2.34 earnings per share for the current year.

Halliburton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, September 2nd. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. Halliburton’s dividend payout ratio is currently 35.60%.

Insider Buying and Selling

In other Halliburton news, COO Jeffrey Slocum sold 52,572 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $35.09, for a total value of $1,844,751.48. Following the sale, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at approximately $4,166,235.70. This trade represents a 30.69% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company’s stock.

Institutional Trading of Halliburton

A number of institutional investors and hedge funds have recently made changes to their positions in HAL. Kilter Group LLC acquired a new position in shares of Halliburton during the 2nd quarter worth about $26,000. Meeder Asset Management Inc. acquired a new stake in Halliburton in the 2nd quarter worth about $26,000. Silvant Capital Management LLC acquired a new stake in Halliburton in the 2nd quarter worth about $28,000. Matrix Trust Co acquired a new stake in Halliburton in the 2nd quarter worth about $29,000. Finally, MV Capital Management Inc. purchased a new stake in Halliburton during the 4th quarter worth approximately $33,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q3 earnings beat expectations: Adjusted EPS was $0.60 versus the $0.58 consensus, while revenue rose 1.8% year over year to $5.70 billion, exceeding estimates of $5.58 billion. The beat was driven primarily by international operations and drilling activity. Halliburton tops third-quarter profit estimates on international oilfield demand
• Positive Sentiment: International growth is offsetting domestic weakness: International revenue increased 3% sequentially to approximately $3.5 billion, while deepwater contracts and stronger Middle East demand supported the outlook. Management expects a multiyear oilfield-services demand cycle and mid-single-digit revenue growth in 2027. Halliburton sees years of growth as Mideast rebuilds
• Positive Sentiment: Margin expansion target and capital returns are supportive: Halliburton is targeting approximately 15% operating margins in 2027, about two percentage points above current levels. The company also repurchased roughly $250 million of stock and maintained its dividend during the quarter. Halliburton targets 15% operating margin as 2027 growth outlook strengthens
• Positive Sentiment: Analyst support remains broadly favorable: J.P. Morgan reiterated a Buy rating with a $42 target, while RBC raised its target from $45 to $46 and maintained an Outperform rating. Heavy call-option activity also suggests bullish near-term positioning. Analysts revise forecasts on Halliburton following Q3 results
• Neutral Sentiment: Geopolitical developments create both opportunity and risk: Middle East reconstruction could generate years of additional services demand, but potential oil-supply disruptions tied to regional conflict could also increase commodity-market volatility and complicate customer spending decisions. Halliburton earnings headwinds today, Venezuela tomorrow, Middle East eventually
• Negative Sentiment: North America remains a drag: North American revenue fell about 5% sequentially, and weaker completion and production activity contributed to lower total operating income and sequentially lower reported profit.
• Negative Sentiment: Analyst views are not unanimous: Barclays reduced its price target to $51, highlighting ongoing market uncertainty despite the quarterly beat and longer-term growth opportunities.

Halliburton Company Profile

Halliburton Company (NYSE: HAL) is a global provider of products and services for the energy industry. The company supports the exploration, development, and production of oil and natural gas through technologies and services used throughout the life cycle of a well.

Halliburton operates through two primary business segments: Completion and Production, and Drilling and Evaluation. Its offerings include cementing, stimulation, well completion, production enhancement, drilling services, drilling fluids, well testing, wireline and perforating services, formation evaluation, and project management.