Halliburton (NYSE:HAL) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Halliburton (NYSE:HAL) had its price objective raised by investment analysts at Morgan Stanley from $40.00 to $42.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the oilfield services company’s stock. Morgan Stanley’s target price points to a potential upside of 6.64% from the company’s current price.

A number of other equities research analysts also recently issued reports on HAL. Piper Sandler boosted their price target on Halliburton from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. The Goldman Sachs Group boosted their price target on Halliburton from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Zephirin Group boosted their price target on Halliburton from $30.00 to $31.00 and gave the company a “sell” rating in a research report on Wednesday. UBS Group boosted their price target on Halliburton from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. Finally, Barclays boosted their price target on Halliburton from $29.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Halliburton currently has an average rating of “Moderate Buy” and an average target price of $40.36.

Halliburton Trading Up 3.2%

Shares of NYSE:HAL traded up $1.24 during midday trading on Wednesday, reaching $39.39. The company’s stock had a trading volume of 5,312,514 shares, compared to its average volume of 15,668,662. The firm has a market cap of $32.89 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 1.63 and a beta of 0.68. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. Halliburton has a 1 year low of $19.22 and a 1 year high of $41.18. The business has a 50 day moving average price of $36.42 and a 200 day moving average price of $31.29.

Halliburton (NYSE:HAL) last announced its quarterly earnings data on Tuesday, April 21st. The oilfield services company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The business had revenue of $5.40 billion during the quarter, compared to the consensus estimate of $5.37 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. Research analysts forecast that Halliburton will post 2.18 EPS for the current year.

Insider Activity at Halliburton

In other Halliburton news, COO Jeffrey Shannon Slocum sold 5,441 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $33.82, for a total transaction of $184,014.62. Following the transaction, the chief operating officer owned 187,423 shares in the company, valued at $6,338,645.86. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Margaret Katherine Banks sold 2,600 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $34.17, for a total value of $88,842.00. Following the transaction, the director owned 14,043 shares in the company, valued at approximately $479,849.31. This represents a 15.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 415,508 shares of company stock valued at $15,291,882 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nvest Wealth Strategies Inc. acquired a new position in shares of Halliburton during the fourth quarter worth about $25,000. Zions Bancorporation National Association UT lifted its stake in shares of Halliburton by 196.4% in the fourth quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after acquiring an additional 650 shares in the last quarter. Kelleher Financial Advisors acquired a new position in shares of Halliburton in the third quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of Halliburton in the third quarter worth about $25,000. Finally, DV Equities LLC acquired a new position in shares of Halliburton in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Trending Headlines about Halliburton

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Q1 results beat expectations — EPS $0.55 and $461M net income, revenue $5.4B, stronger international margins and cash generation that supported buybacks/dividend; the print is the primary near‑term catalyst pushing the stock up. Business Wire: Q1 Results
• Positive Sentiment: Multiple broker upgrades and price‑target raises (HSBC to $46 buy; JPMorgan to $42 overweight; RBC to $44 outperform; TD Cowen and Griffin also lifted targets) are providing buy‑side momentum and fresh upside expectations. MarketScreener: HSBC PT Raise
• Neutral Sentiment: Management says North America is in the “early innings” of a rebound and expects a drilling ramp — a positive outlook but one that depends on timing of activity recovery. MSN: CEO Comments
• Neutral Sentiment: Company is exploring commercial terms for Venezuela operations — potential upside if deals progress but regulatory/commercial risks remain. Reuters: Venezuela Talks
• Negative Sentiment: Management flagged higher costs from the Iran war and quantified a Q2 headwind of about $0.07–$0.09 per share; that increases near‑term margin risk even as revenue held flat year‑over‑year. Seeking Alpha: Conflict Impact
• Negative Sentiment: Some analysts remain cautious: Barclays’ equal‑weight stance and Zephirin’s sell rating (PT $31) signal that not all sell‑side views turned bullish—these calls could cap upside for traders focused on valuation/near‑term recovery risk. MarketScreener: Zephirin PT

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.