Piper Sandler Has Lowered Expectations for Halliburton (NYSE:HAL) Stock Price

Halliburton (NYSE:HAL) had its price objective decreased by equities research analysts at Piper Sandler from $43.00 to $42.00 in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the oilfield services company’s stock. Piper Sandler’s price target indicates a potential upside of 24.79% from the stock’s current price.

HAL has been the subject of several other research reports. Wolfe Research started coverage on shares of Halliburton in a report on Wednesday, July 8th. They issued a “peer perform” rating for the company. Susquehanna dropped their price objective on Halliburton from $45.00 to $42.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. Wall Street Zen lowered Halliburton from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. BMO Capital Markets set a $37.00 target price on Halliburton in a research note on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Halliburton in a research note on Friday, October 2nd. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.05.

Halliburton Stock Up 2.1%

Shares of NYSE HAL opened at $33.66 on Monday. Halliburton has a 52-week low of $24.12 and a 52-week high of $43.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The stock has a market cap of $28.04 billion, a P/E ratio of 13.92, a P/E/G ratio of 1.91 and a beta of 0.83. The firm has a 50 day moving average price of $34.21 and a 200 day moving average price of $36.08.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, October 20th. The oilfield services company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.58 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.58 earnings per share. Analysts expect that Halliburton will post 2.34 EPS for the current year.

Insider Buying and Selling at Halliburton

In other news, COO Jeffrey Slocum sold 52,572 shares of the company’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 value of $1,844,751.48. Following the completion of the transaction, the chief operating officer owned 118,730 shares in the company, valued at $4,166,235.70. This represents a 30.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by company insiders.

Institutional Investors Weigh In On Halliburton

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Halliburton in the 2nd quarter valued at about $2,812,327,000. State Street Corp grew its holdings in Halliburton by 4.5% during the second quarter. State Street Corp now owns 56,870,444 shares of the oilfield services company’s stock worth $1,930,752,000 after purchasing an additional 2,463,137 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Halliburton during the second quarter worth about $345,941,000. Bank of New York Mellon Corp bought a new position in Halliburton during the second quarter worth about $337,486,000. Finally, Dimensional Fund Advisors LP increased its position in 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 worth $370,556,000 after buying an additional 367,701 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Halliburton reported adjusted earnings of $0.60 per share, above the $0.58 analyst consensus, while revenue rose 1.8% year over year to $5.70 billion, exceeding estimates of $5.58 billion. Reuters earnings report
• Positive Sentiment: International revenue climbed 3% sequentially to approximately $3.5 billion, led by Middle East activity, deepwater contracts and broader international expansion. This performance offset weaker North American revenue, which declined 5% sequentially. Motley Fool analysis
• Positive Sentiment: Management expects mid-single-digit revenue growth in 2027 and is targeting an operating margin near 15%, about two percentage points higher. The outlook assumes a flat North American market and does not require a recovery in hydraulic fracturing. 2027 margin outlook
• Positive Sentiment: Halliburton returned capital through approximately $250 million in share repurchases and a $0.17-per-share dividend during the quarter, supporting per-share value and investor confidence.
• Positive Sentiment: Chief Executive Jeff Miller said Middle East reconstruction could create years of oilfield-services demand. Separately, his warning of a potentially massive oil-supply disruption linked to the Middle East conflict could support energy prices and drilling activity, although it also increases geopolitical risk. Rigzone Middle East growth report

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.