Halliburton (NYSE:HAL) Stock, Quote.Headers.trade-ideas

Halliburton

Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.

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Halliburton faces risk of lower revenue growth. RBC Capital Markets analyst downgrades stock and cuts price target.

Halliburton At A Disadvantage, Analyst Says: Schlumberger And Baker Hughes &#39;In Better Position&#39;

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Halliburton disclosed  today in a filing that the cyber attack has disrupted and restricted access to critical business applications, impacting various operations and corporate functions. The company insists that the incident hasn&#39;t and isn&#39;t expected to significantly impact its financial health or operations.

Why Is Halliburton Stock Falling Today?

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Halliburton reportedly hit by cyberattack on north Houston campus and global networks. Company working with experts to resolve issue.

Halliburton&#39;s North Houston Campus Affected by Cyberattack: Report

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DBS Bank initiates coverage on Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) with a Buy rating and announces Price Target of $45.

Initiation

DBS Bank Initiates Coverage On Halliburton with Buy Rating, Announces Price Target of $45

UBS analyst Josh Silverstein maintains Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) with a Buy and lowers the price target from $41 to $37.

UBS Maintains Buy on Halliburton, Lowers Price Target to $37

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Shares of oil companies are trading higher amid Gulf of Mexico disruptions and Middle East tensions, which drive possible supply uncertainty. Investors also await Fed rate cuts, which could support demand.

Morgan Stanley analyst Connor Lynagh maintains Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) with a Overweight and lowers the price target from $45 to $35.

Morgan Stanley Maintains Overweight on Halliburton, Lowers Price Target to $35

Earlier this month, Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) said that a <a href="https://www.benzinga.com/markets/equities/24/09/40687585/why-is-halliburton-stock-falling-today">cyberattack had disrupted its critical business applications</a>.
A lower overall revenue diversification puts the company at a disadvantage against the backdrop of a tepid commodity macro, according to RBC Capital Markets.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/60b8b8f7e1e2bd0001d16400/keith-mackey">Analyst Keith Mackey</a> downgraded the rating for Halliburton from Outperform to Sector Perform, while slashing the price target from $44 to $37.
The Halliburton Thesis: While the company's revenue growth outpaced large cap OFS peers from 2021 to 2023, its revenues could lag by around 5% from 2024 to 2026, Mackey said in the downgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
"Lower growth is largely connected to HAL&#8217;s 42% revenue weighting to North America" versus the average of 23% of rivals Schlumberger NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) and Baker Hughes Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), the analyst wrote. Global rig counts are "increasing at decreasing rates," which puts companies with greater geographic and business diversity in better position to outperform, he added.
While Halliburton has achieved margin expansion and lowered its capital intensity, "a potential upward inflection in E&amp;P spending should be more evident in dedicated US providers," Mackey stated.
HAL Price Action: Shares of Halliburton had risen by 0.29% to $28.10 at the time of publication on Friday.
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Halliburton At A Disadvantage, Analyst Says: Schlumberger And Baker Hughes 'In Better Position'

Ratings for Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) were provided by 18 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $43.39, a high estimate of $48.00, and a low estimate of $37.00. Observing a downward trend, the current average is 7.56% lower than the prior average price target of $46.94. 
<img src="https://www.benzinga.com/files/images/story/2024/1726232460_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Halliburton. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Keith Mackey</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$37.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Neil Mehta</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$40.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$41.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Lloyd Byrne</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$47.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>David Anderson</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$48.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Connor Lynagh</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$45.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Chase Mulvehill</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$40.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>James West</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$48.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Marc Bianchi</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$45.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Kurt Hallead</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$42.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Arun Jayaram</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$40.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Keith Mackey</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$44.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Luke Lemoine</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$40.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$46.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Stephen Gengaro</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$46.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Chase Mulvehill</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$41.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Luke Lemoine</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$46.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Scott Gruber</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$45.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Halliburton. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Halliburton compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of Halliburton's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/HAL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Halliburton analyst ratings.</a>
<h2>Delving into Halliburton's Background</h2>
Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.
<h3>A Deep Dive into Halliburton's Financials</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Halliburton displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 0.6%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 12.16%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Halliburton's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 7.22%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Halliburton's ROA stands out, surpassing industry averages. With an impressive ROA of 2.85%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Halliburton's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.87.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

18 Analysts Assess Halliburton: What You Need To Know

RBC Capital analyst Keith Mackey downgrades Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) from Outperform to Sector Perform and lowers the price target from $44 to $37.

RBC Capital Downgrades Halliburton to Sector Perform, Lowers Price Target to $37

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Halliburton Company&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) stock is trading lower on Tuesday<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> in the premarket session.</a>
Earlier, in an exchange filing dated August 21, the company said that it became aware that an unauthorized<a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40511054/halliburtons-north-houston-campus-affected-by-cyberattack-report" rel="noreferrer noopener"> third party gained access to certain of its systems.</a>
Halliburton <a target="_blank" href="https://ir.halliburton.com/static-files/ab23c34e-0577-4843-8da1-43fee4f4de2e" rel="noreferrer noopener">reported</a> today in a filing that the cyber attack has disrupted and restricted access to critical business applications, impacting various operations and corporate functions. The company insists that the incident hasn&#8217;t and isn&#8217;t expected to significantly impact its financial health or operations.
The company suspects that an unauthorized third party gained access to and extracted sensitive information from its systems. Halliburton is currently assessing the extent of the breach and determining the necessary notifications.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/40682836/wall-street-poised-for-sharply-lower-start-in-new-week-as-risk-off-sentiment-dominates-vix-spikes-a" rel="noreferrer noopener">Wall Street Poised For Sharply Lower Start As Risk-Off Sentiment Dominates, VIX Spikes: Analysts Fret Over Sluggish September Seasonality</a>
However, it still faces a slew of risks: management distractions, possible lawsuits, shifts in customer behavior, and a likely increase in regulatory scrutiny.
Halliburton said it is actively updating its customers and stakeholders about the incident.
Adhering to its rigorous safety protocols under the Halliburton Management System, it also assesses the impact of the breach on its ongoing operations. the filing added.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, HAL stock has lost over 23% in the past year. Investors can gain exposure to the stock via iShares U.S. Oil Equipment &amp; Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEZ#NYSE">IEZ</a>) and Invesco Oil &amp; Gas Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXJ#NYSE">PXJ</a>).
Price Action: HAL shares are trading lower by 1.74% to $30.55 premarket at last check Tuesday.
Image via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

As previously disclosed in a Current Report on Form 8-K, on August 21, 2024, Halliburton&nbsp;became aware that an unauthorized third party gained access to certain of its systems.
The Company believes the unauthorized third party accessed and exfiltrated information from the Company&rsquo;s systems. The Company is evaluating the nature and scope of the information, and what notifications are required.
The Company remains subject to various risks due to the incident, including the adequacy of processes during the period of disruption, diversion of management&rsquo;s attention, potential litigation, changes in customer behavior, and regulatory scrutiny.

Halliburton Says It Believes Recent Cyber Incident Has Not Had, And Is Not Reasonably Likely To Have, A Material Impact On Its Financial Condition Or Results Of Operations - Filing

Goldman Sachs analyst Neil Mehta maintains Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) with a Buy and lowers the price target from $47 to $40.

Goldman Sachs Maintains Buy on Halliburton, Lowers Price Target to $40

When the Company learned of the issue, the Company activated its cybersecurity response plan and launched an investigation internally with the support of external advisors to assess and remediate the unauthorized activity.
The Company&rsquo;s response efforts included proactively taking certain systems offline to help protect them and notifying law enforcement. The Company&rsquo;s ongoing investigation and response include restoration of its systems and assessment of materiality.

Halliburton Says Became Aware That An Unauthorized Third Party Gained Access To Certain Of Its Systems; Says Working To Identify Any Effects Of The Incident - Filing

Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) shares are trading nearly flat today. On Wednesday, the company was reportedly hit by a cyberattack.
The attack affected operations at Halliburton&#8217;s north Houston campus, and some global connectivity networks, reported Reuters.
Halliburton acknowledged a system issue and said it is working with &#8220;leading external experts&#8221; to resolve the problem, per the report, which cited a spokesperson&#8217;s emailed statement. Halliburton has instructed some staff not to connect to internal networks.
Last month, Halliburton reported second-quarter revenue of $5.833 billion, which missed the $5.949 billion consensus, and EPS of $0.80, <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39885917/halliburton-lowers-2024-outlook-analysts-forecast-more-muted-2025" rel="noreferrer noopener">which was&nbsp;in line with the consensus.</a>
There have been some cyberattack incidents in recent times. This month, Google confirmed that a group linked to Iran&#8217;s Revolutionary GuarIran&#8217;sbeen attempting to breach the personal email accounts of individuals associated with the US presidential campaigns of President Joe Biden and <a target="_blank" href="https://www.benzinga.com/news/24/08/40387430/google-confirms-iranian-hackers-linked-to-revolutionary-guard-targeted-trump-biden-and-harris-campai" rel="noreferrer noopener">former President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/08/40387430/google-confirms-iranian-hackers-linked-to-revolutionary-guard-targeted-trump-biden-and-harris-campai" rel="noreferrer noopener">Donald Trump</a>.
Investors can gain exposure to HAL via&nbsp;VanEck Oil Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>) and&nbsp;IShares U.S. Oil Equipment &amp; Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEZ#NYSE">IEZ</a>).
Price Action: HAL shares are trading flat at at $31.21 at the last check Thursday.
Photo via Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Halliburton's North Houston Campus Affected by Cyberattack: Report

U.S. Energy Department Coordinating With Interagency Partners On Reported Halliburton Cyberattack

U.S. Energy Department Reports No Indications That Halliburton Cyberattack Is Impacting Energy Services At This Time

Oilfield Services Firm Halliburton Hit By Ransomware Attack, Some Staff Told Not To Connect To Internal Network

Halliburton's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) short percent of float has fallen 22.56% since its last report. The company recently reported that it has 27.15 million shares sold short, which is 4.12% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.65 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Halliburton Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724246122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Halliburton has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Halliburton's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Halliburton's peer group average for short interest as a percentage of float is 7.04%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Halliburton's Recent Short Interest

Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) has been analyzed by 16 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $44.0, a high estimate of $48.00, and a low estimate of $40.00. Experiencing a 6.62% decline, the current average is now lower than the previous average price target of $47.12. 
<img src="https://www.benzinga.com/files/images/story/2024/1724169632_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Halliburton. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Josh Silverstein</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$41.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Lloyd Byrne</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$47.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>David Anderson</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$48.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Connor Lynagh</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$45.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Chase Mulvehill</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$40.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>James West</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$48.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Marc Bianchi</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$45.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Kurt Hallead</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$42.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Arun Jayaram</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$40.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Keith Mackey</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$44.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Luke Lemoine</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$40.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$46.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Stephen Gengaro</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$46.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Chase Mulvehill</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$41.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Luke Lemoine</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$46.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Scott Gruber</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$45.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Halliburton. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Halliburton compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Halliburton's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Halliburton's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/HAL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Halliburton analyst ratings.</a>
<h2>Delving into Halliburton's Background</h2>
Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.
<h3>Unraveling the Financial Story of Halliburton</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Halliburton displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 0.6%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Halliburton's net margin is impressive, surpassing industry averages. With a net margin of 12.16%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Halliburton's ROE stands out, surpassing industry averages. With an impressive ROE of 7.22%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Halliburton's ROA excels beyond industry benchmarks, reaching 2.85%. This signifies efficient management of assets and strong financial health.
Debt Management: Halliburton's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.87.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

16 Analysts Assess Halliburton: What You Need To Know

High-rolling investors have positioned themselves bullish on Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in HAL often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 15 options trades for Halliburton. This is not a typical pattern.
The sentiment among these major traders is split, with 53% bullish and 46% bearish. Among all the options we identified, there was one put, amounting to $33,616, and 14 calls, totaling $1,949,905.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $32.0 to $36.0 for Halliburton over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Halliburton's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Halliburton's significant trades, within a strike price range of $32.0 to $36.0, over the past month.
<h3>Halliburton 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724166035_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.23</td>
<td>$2.21</td>
<td>$2.23</td>
<td>$32.00</td>
<td>$323.6K</td>
<td>1.1K</td>
<td>5.2K</td>
</tr>
<tr>
<td>HAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.24</td>
<td>$2.19</td>
<td>$2.24</td>
<td>$32.00</td>
<td>$223.0K</td>
<td>1.1K</td>
<td>1.4K</td>
</tr>
<tr>
<td>HAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.92</td>
<td>$0.86</td>
<td>$0.86</td>
<td>$36.00</td>
<td>$221.7K</td>
<td>915</td>
<td>8.6K</td>
</tr>
<tr>
<td>HAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.24</td>
<td>$2.19</td>
<td>$2.22</td>
<td>$32.00</td>
<td>$205.5K</td>
<td>1.1K</td>
<td>2.9K</td>
</tr>
<tr>
<td>HAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.9</td>
<td>$0.87</td>
<td>$0.86</td>
<td>$36.00</td>
<td>$173.5K</td>
<td>915</td>
<td>6.3K</td>
</tr>
</tbody>
</table>

<h3>About Halliburton</h3>
Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It's the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.
After a thorough review of the options trading surrounding Halliburton, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Halliburton Standing Right Now?</h3>
<ul>
<li>With a volume of 781,102, the price of HAL is down -0.53% at $31.68. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 63 days.</li>
</ul>
<h3>What The Experts Say On Halliburton</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $43.6.
<ul>
<li>An analyst from Susquehanna persists with their Positive rating on Halliburton, maintaining a target price of $46. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Halliburton, targeting a price of $40. </li>
<li>Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Halliburton, targeting a price of $45. </li>
<li>Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Halliburton with a target price of $40. </li>
<li>An analyst from Jefferies persists with their Buy rating on Halliburton, maintaining a target price of $47. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Halliburton, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Unpacking the Latest Options Trading Trends in Halliburton

UBS analyst Josh Silverstein maintains Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) with a Buy and lowers the price target from $45 to $41.

UBS Maintains Buy on Halliburton, Lowers Price Target to $41

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Halliburton (HAL) Forecast

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