JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Halliburton (NYSE:HAL) Stock

Halliburton (NYSE:HAL – Get Free Report) had its price objective upped by analysts at JPMorgan Chase & Co. from $40.00 to $42.00 in a report issued on Wednesday, Marketbeat.com reports. The firm currently has an “overweight” rating on the oilfield services company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 5.94% from the company’s previous close.

Several other brokerages also recently weighed in on HAL. Morgan Stanley upped their target price on Halliburton from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Zephirin Group upped their target price on Halliburton from $30.00 to $31.00 and gave the stock a “sell” rating in a research note on Wednesday. Citigroup upped their target price on Halliburton from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. Jefferies Financial Group reaffirmed a “buy” rating and set a $39.00 target price on shares of Halliburton in a research note on Friday, February 6th. Finally, Evercore raised Halliburton from an “in-line” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Friday, March 20th. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Halliburton has a consensus rating of “Moderate Buy” and an average price target of $40.73.

Get Our Latest Stock Analysis on Halliburton

Halliburton Trading Up 1.4%

Shares of HAL stock opened at $39.65 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.08 and a quick ratio of 1.51. The company has a market cap of $33.11 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.73 and a beta of 0.68. The stock has a 50 day simple moving average of $36.61 and a 200-day simple moving average of $31.40. Halliburton has a 1-year low of $19.22 and a 1-year high of $41.18.

Halliburton (NYSE:HAL – Get Free Report) last announced its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. 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 19.04% and a net margin of 6.95%.The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 EPS. On average, equities research analysts expect that Halliburton will post 2.19 EPS for the current fiscal year.

Insider Activity

In other Halliburton news, Director Margaret Katherine Banks sold 2,600 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $34.17, for a total value of $88,842.00. Following the completion of the sale, the director directly owned 14,043 shares of the company’s stock, valued at $479,849.31. This trade represents a 15.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Allen Miller sold 158,455 shares of Halliburton stock in a transaction on Friday, March 27th. The stock was sold at an average price of $40.00, for a total value of $6,338,200.00. Following the transaction, the chief executive officer owned 1,013,027 shares in the company, valued at approximately $40,521,080. This represents a 13.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 189,960 shares of company stock valued at $7,406,724 in the last 90 days. 0.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Capital Research Global Investors raised its holdings in shares of Halliburton by 21.1% during the 4th quarter. Capital Research Global Investors now owns 110,220,971 shares of the oilfield services company’s stock worth $3,114,848,000 after acquiring an additional 19,190,520 shares during the period. State Street Corp raised its holdings in shares of Halliburton by 1.7% during the 4th quarter. State Street Corp now owns 50,825,761 shares of the oilfield services company’s stock worth $1,436,336,000 after acquiring an additional 861,964 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Halliburton by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,097,164 shares of the oilfield services company’s stock worth $878,806,000 after acquiring an additional 443,064 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Halliburton by 82,596.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 29,771,388 shares of the oilfield services company’s stock worth $841,339,000 after acquiring an additional 29,735,387 shares during the period. Finally, Sanders Capital LLC raised its holdings in shares of Halliburton by 9.4% during the 3rd quarter. Sanders Capital LLC now owns 26,004,682 shares of the oilfield services company’s stock worth $639,715,000 after acquiring an additional 2,238,983 shares during the period. 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: Q1 results beat expectations — EPS topped consensus and margins improved on international strength, supporting the bullish narrative. Halliburton Q1 beats expectations
• Positive Sentiment: Multiple broker upgrades and price‑target raises (examples: TD Cowen, Citigroup, Argus, HSBC, RBC, Morgan Stanley, JPMorgan, Stifel, Griffin) are lifting investor sentiment and implied upside. Analyst upgrades after Q1
• Positive Sentiment: Management commentary: CEO says U.S. oil is in the “early innings” of a rebound and that a drilling ramp‑up is coming — reinforcing expectations for higher activity and service demand. CEO comments on rebound
• Positive Sentiment: Index/sector positioning: Halliburton is getting more spotlight in Russell 1000 energy reweighting, which can support demand from passive/ETF flows. Russell 1000 spotlight
• Neutral Sentiment: Longer‑term industry backdrop: reports project mid-single‑digit CAGR growth for oilfield services over the next decade — positive for structural demand but not an immediate catalyst. Oilfield services market forecast
• Neutral Sentiment: Analyst consensus remains around a “moderate buy” — broad support but not unanimous, so momentum depends on future execution and guidance. Consensus analyst recommendation
• Negative Sentiment: Company warned of higher costs tied to the Iran war, which could pressure margins and offset some upside from stronger activity. Higher costs from Iran war
• Negative Sentiment: Some cautionary notes and downgrades (e.g., Seeking Alpha analysis, a sell rating from Zephirin, Barclays’ equal‑weight) signal rising uncertainty and profit‑taking risk after the recent rally. Downgrade/uncertainty note