Halliburton (NYSE:HAL) Price Target Raised to $35.00

Halliburton (NYSE:HAL) had its price objective hoisted by stock analysts at Stifel Nicolaus from $32.00 to $35.00 in a report released on Wednesday, MarketBeat reports. The firm presently has a “buy” rating on the oilfield services company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 6.10% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Bank of America upped 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Halliburton in a research note on Monday, December 29th. Cowen reiterated a “buy” rating on shares of Halliburton in a report on Wednesday, January 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $36.00 price objective on shares of Halliburton in a report on Thursday, January 15th. Finally, Piper Sandler upped their price objective on Halliburton from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $33.82.

Halliburton Stock Up 2.9%

Shares of Halliburton stock traded up $0.93 during midday trading on Wednesday, hitting $32.99. The company had a trading volume of 4,520,653 shares, compared to its average volume of 16,206,821. The company has a 50 day moving average of $28.58 and a 200 day moving average of $25.08. The stock has a market capitalization of $27.76 billion, a P/E ratio of 22.12 and a beta of 0.78. Halliburton has a 52-week low of $18.72 and a 52-week high of $33.80. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95.

Halliburton (NYSE:HAL) last released its earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.54 by $0.15. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts predict that Halliburton will post 2.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Lawrence J. Pope sold 100,000 shares of the firm’s stock in a transaction 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 directly owned 419,800 shares in the company, valued at $13,538,550. This trade represents a 19.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Van H. Beckwith sold 8,854 shares of Halliburton stock in a transaction on Friday, December 5th. The stock was sold at an average price of $27.89, for a total value of $246,938.06. Following the completion of the sale, the executive vice president directly owned 333,528 shares of the company’s stock, valued at $9,302,095.92. The trade was a 2.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 268,854 shares of company stock valued at $7,915,138. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC lifted its position in shares of Halliburton by 82.1% in the second quarter. V Square Quantitative Management LLC now owns 48,900 shares of the oilfield services company’s stock valued at $997,000 after acquiring an additional 22,045 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new position in Halliburton in the 2nd quarter worth approximately $2,595,000. Ritholtz Wealth Management purchased a new position in shares of Halliburton in the third quarter worth $1,775,000. Fifth Third Bancorp boosted its position in shares of Halliburton by 82.4% during the second quarter. Fifth Third Bancorp now owns 42,482 shares of the oilfield services company’s stock worth $866,000 after acquiring an additional 19,186 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Halliburton by 7.5% during the second quarter. Nordea Investment Management AB now owns 539,079 shares of the oilfield services company’s stock valued at $11,132,000 after acquiring an additional 37,512 shares in the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

More Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Quarterly beat — Halliburton reported adjusted EPS of $0.69 vs. the $0.54 consensus and revenue of ~$5.66–$5.7B that topped estimates, which is the primary catalyst for the stock rally. Business Wire Release
• Positive Sentiment: International strength and margin resilience — Management and press coverage pointed to robust demand in international markets (Mexico/Latin America) and improved margins that helped offset regional weakness, supporting near-term earnings outlook. Reuters: Halliburton beats estimates
• Positive Sentiment: Capital return focus — Analysts and commentary highlighted aggressive buybacks and a >2% dividend yield; management emphasized share repurchases and returning free cash flow to shareholders, which supports valuation and investor sentiment. MarketBeat: Total Return Gusher
• Neutral Sentiment: Potential Venezuela opportunity — Company job postings and analyst previews flag a possible re-entry into Venezuela as a future growth catalyst; this is early-stage and speculative but watched by investors. MSN: Venezuela posting
• Negative Sentiment: North America remains a drag — Coverage (Barron’s/WSJ) notes North American activity was softer and weighed on results; continued weakness domestically could limit upside if international momentum fades. Barron’s: North America drag
• Negative Sentiment: Mixed cash-flow and operating metrics, plus insider selling — Some reports flagged weaker operating profit and lower operating cash vs. prior year and noted insider share sales; these are cautionary signs for longer-term cash generation and governance. Quiver: Q4 details & insider trades

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.