TD Cowen Boosts Halliburton (NYSE:HAL) Price Target to $39.00

Halliburton (NYSE:HAL) had its price objective hoisted by equities researchers at TD Cowen from $38.00 to $39.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the oilfield services company’s stock. TD Cowen’s target price would suggest a potential upside of 28.57% from the company’s previous close.

HAL has been the subject of several other reports. Zacks Research raised Halliburton from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 23rd. Rothschild Redb raised shares of Halliburton to a “strong-buy” rating in a report on Monday, November 3rd. Hsbc Global Res raised shares of Halliburton from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Barclays lifted their target price on shares of Halliburton from $25.00 to $30.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 16th. Finally, Morgan Stanley set a $34.00 target price on shares of Halliburton in a research note on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.71.

Halliburton Price Performance

Shares of HAL stock traded down $0.50 during mid-day trading on Wednesday, hitting $30.33. 8,630,561 shares of the stock were exchanged, compared to its average volume of 21,905,975. Halliburton has a 52-week low of $18.72 and a 52-week high of $33.03. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. The company has a market cap of $25.53 billion, a PE ratio of 20.05 and a beta of 0.78. The firm has a fifty day moving average of $27.59 and a 200 day moving average of $24.28.

Halliburton (NYSE:HAL) last released its quarterly earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.Halliburton’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. Research analysts anticipate that Halliburton will post 2.64 earnings per share for the current year.

Insider Transactions at Halliburton

In related news, EVP Van H. Beckwith sold 8,854 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $27.89, for a total transaction of $246,938.06. Following the transaction, the executive vice president directly owned 333,528 shares in the company, valued at approximately $9,302,095.92. The trade was a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lawrence J. Pope sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $32.25, for a total value of $3,225,000.00. Following the completion of the sale, the executive vice president owned 419,800 shares of the company’s stock, valued at $13,538,550. This trade represents a 19.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 268,854 shares of company stock valued at $7,915,138. Corporate insiders own 0.61% of the company’s stock.

Institutional Trading of Halliburton

Several hedge funds have recently made changes to their positions in HAL. Kingstone Capital Partners Texas LLC acquired a new stake in Halliburton in the 2nd quarter valued at about $287,000. V Square Quantitative Management LLC lifted its holdings 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 purchasing an additional 22,045 shares in the last quarter. Perpetual Ltd grew its position in shares of Halliburton by 29.7% in the second quarter. Perpetual Ltd now owns 1,081,928 shares of the oilfield services company’s stock valued at $22,050,000 after purchasing an additional 248,015 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Halliburton in the second quarter valued at approximately $2,595,000. Finally, Fifth Third Bancorp grew its position in shares of Halliburton by 82.4% in the second quarter. Fifth Third Bancorp now owns 42,482 shares of the oilfield services company’s stock valued at $866,000 after purchasing an additional 19,186 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

More Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Venezuela rebuild thesis — analysts and market commentary estimate a multi‑year, $100B+ rebuild opportunity that would directly benefit oilfield services (well work, cementing, repairs) and could unlock receivables previously written off. Read More.
• Positive Sentiment: News-driven rally & price momentum — HAL recently hit a 52‑week high and posted a multi‑day surge as traders repositioned for Venezuela exposure, attracting higher equity and option volume. Read More.
• Positive Sentiment: Unusually large options activity — elevated call buying suggests speculative bullish conviction that could extend short‑term upside if the Venezuela narrative persists. Read More.
• Neutral Sentiment: Technical/flow caution — some outlets flag HAL as overbought after the rally; that raises short‑term pullback risk even if the long‑term thesis remains intact. Read More.
• Neutral Sentiment: Market chatter & political attention — social media, hedge‑fund positioning and congressional trading headlines are amplifying volatility but don’t change fundamentals immediately; monitor for regulatory or reputational follow-ups. Read More.
• Negative Sentiment: Analyst downgrade from Evercore ISI — Evercore cut HAL to “in‑line” (citing North America exposure) even while nudging its price target higher, a catalyst that likely pressured sentiment and contributed to recent selling. Read More.
• Negative Sentiment: Insider selling — EVP Lawrence J. Pope sold 100,000 shares (~$3.2M at ~$32.25), trimming his stake materially; repeated insider sales have been flagged by observers and can undermine confidence during a momentum trade. Read More.
• Negative Sentiment: Profit‑taking and rotation — coverage notes HAL pulled back while broader energy gains faded, signaling near‑term volatility and that some gains were event‑driven rather than fundamental. Read More.

About Halliburton

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.