Halliburton (NYSE:HAL) Given New $46.00 Price Target at Royal Bank Of Canada

Posted by Stanley Muller on Oct 21st, 2026

Halliburton (NYSE:HAL – Get Free Report) had its price target lifted by equities researchers at Royal Bank Of Canada from $45.00 to $46.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the oilfield services company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 36.67% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Halliburton in a report on Friday, October 2nd. Piper Sandler lowered their target price on Halliburton from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday. Wall Street Zen cut Halliburton from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Argus dropped their price target on Halliburton from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Halliburton in a research note on Tuesday. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.05.

Read Our Latest Report on HAL

Halliburton Trading Up 2.1%

Shares of Halliburton stock opened at $33.66 on Wednesday. Halliburton has a 12-month low of $24.12 and a 12-month high of $43.59. The company has a current ratio of 2.02, a quick ratio of 1.50 and a debt-to-equity ratio of 0.64. The stock has a market cap of $28.04 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.83. The company has a 50-day moving average of $34.21 and a two-hundred day moving average of $36.08.

Halliburton (NYSE:HAL – Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.58 billion. Halliburton had a return on equity of 18.71% and a net margin of 7.16%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS. On average, research analysts anticipate that Halliburton will post 2.34 EPS for the current fiscal year.

Insider Buying and Selling at Halliburton

In other news, COO Jeffrey Slocum sold 52,572 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the completion of the transaction, the chief operating officer directly owned 118,730 shares of the company’s stock, valued at $4,166,235.70. This trade represents a 30.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Halliburton

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Halliburton in the second quarter worth $2,812,327,000. State Street Corp lifted its position in shares of Halliburton by 4.5% in the second quarter. State Street Corp now owns 56,870,444 shares of the oilfield services company’s stock valued at $1,930,752,000 after acquiring an additional 2,463,137 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Halliburton in the second quarter valued at $345,941,000. Bank of New York Mellon Corp purchased a new stake in shares of Halliburton in the second quarter valued at $337,486,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Halliburton by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 9,502,988 shares of the oilfield services company’s stock valued at $370,556,000 after acquiring an additional 367,701 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

Positive Sentiment: Q3 earnings and revenue exceeded expectations. Halliburton reported adjusted earnings of $0.60 per share versus the $0.58 consensus estimate, while revenue increased 1.8% year over year to $5.70 billion, above the $5.58 billion forecast. Halliburton tops third-quarter profit estimates on international oilfield demand
Positive Sentiment: International operations drove the outperformance. International revenue rose 3% sequentially to approximately $3.5 billion, offsetting a 5% decline in North American revenue. Deepwater contracts, Middle East activity and drilling strength supported the results. Halliburton: 3 Key Takeaways for Long-Term Investors
Positive Sentiment: Management offered a constructive 2027 outlook. Halliburton expects mid-single-digit revenue growth and approximately 15% operating margins in 2027—about a two-percentage-point improvement—even assuming a flat North American market and no meaningful hydraulic-fracturing recovery. The company also repurchased roughly $250 million of stock and maintained its dividend. Halliburton targets 15% operating margin as 2027 growth outlook strengthens
Neutral Sentiment: Middle East developments create both opportunity and risk. Management sees potentially prolonged demand from regional rebuilding, but warned that conflict could cause a major oil-supply disruption, increasing commodity-market volatility and uncertainty for customers. Halliburton Sees Years of Growth as Mideast Rebuilds
Negative Sentiment: North America and profitability remain watchpoints. Total operating income declined sequentially, Completion and Production revenue fell 4%, and reported results included a $107 million pre-tax impairment-related charge. Recent reports also noted insider selling, while Piper Sandler and BMO Capital modestly lowered their price targets despite retaining favorable ratings. Halliburton Posts $5.7 Billion Third-Quarter Revenue and $419 Million Net Income

About Halliburton

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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.