Halliburton (NYSE:HAL) Given New $38.00 Price Target at Royal Bank Of Canada

22 Jan 2026, 16:02 by Kim Johansen · The Markets Daily

Halliburton (NYSE:HAL – Get Free Report) had its price objective lifted by research analysts at Royal Bank Of Canada from $36.00 to $38.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the oilfield services company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 15.29% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Rothschild Redb upgraded Halliburton to a “strong-buy” rating in a report on Monday, November 3rd. Piper Sandler raised their price objective on shares of Halliburton from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. TD Cowen lifted their price objective on Halliburton from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday. Redburn Partners set a $35.00 price objective on Halliburton in a research note on Monday, November 3rd. Finally, HSBC set a $30.00 price target on Halliburton and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.00.

Check Out Our Latest Stock Report on Halliburton

Halliburton Stock Down 1.2%

Shares of HAL stock traded down $0.40 during trading hours on Thursday, hitting $32.96. 2,943,977 shares of the company’s stock traded hands, compared to its average volume of 17,050,191. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.70. Halliburton has a 12-month low of $18.72 and a 12-month high of $33.80. The stock has a market cap of $27.74 billion, a price-to-earnings ratio of 21.89 and a beta of 0.78. The stock’s fifty day simple moving average is $28.71 and its two-hundred day simple moving average is $25.14.

Halliburton (NYSE:HAL – Get Free Report) last posted its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.54 by $0.15. Halliburton had a net margin of 5.91% and a return on equity of 20.12%. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter last year, the firm posted $0.73 EPS. The firm’s revenue was up .8% compared to the same quarter last year. On average, analysts expect that Halliburton will post 2.64 EPS for the current year.

Insider Activity at Halliburton

In other Halliburton news, EVP Lawrence J. Pope sold 100,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $32.25, for a total transaction of $3,225,000.00. Following the sale, the executive vice president owned 419,800 shares in the company, valued at $13,538,550. This represents a 19.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Van H. Beckwith sold 8,854 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $27.89, for a total transaction of $246,938.06. Following the sale, the executive vice president directly owned 333,528 shares of the company’s stock, valued at $9,302,095.92. This trade represents a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 268,854 shares of company stock valued at $7,915,138 over the last ninety days. Corporate insiders own 0.56% of the company’s stock.

Institutional Trading of Halliburton

Hedge funds have recently made changes to their positions in the business. Kelleher Financial Advisors acquired a new position in Halliburton during the 3rd quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new stake in Halliburton in the third quarter valued at approximately $25,000. GoalVest Advisory LLC acquired a new position in Halliburton in the 4th quarter worth $35,000. Newbridge Financial Services Group Inc. acquired a new stake in Halliburton during the 2nd quarter valued at approximately $25,000. Finally, Strive Asset Management LLC bought a new position in shares of Halliburton in the 3rd quarter worth about $31,000. Institutional investors and hedge funds own 85.23% of the company’s stock.

Halliburton News Summary

Here are the key news stories impacting Halliburton this week:

Positive Sentiment: Q4 results beat expectations — adjusted EPS $0.69 vs. $0.54 estimate and revenue $5.66B (above estimates); international revenue strength and solid operating cash flow/free cash flow were highlighted. Reuters: Halliburton beats estimates
Positive Sentiment: Analyst upgrades/target raises are lifting sentiment — Susquehanna raised its target to $40 (positive), and Stifel/Capital One bumped targets to the mid‑$30s, giving more upside to the consensus. Benzinga: Susquehanna raise MarketScreener: Stifel raise
Positive Sentiment: Venezuela re‑entry is a potential near‑term catalyst — management said interest is high and the company posted job listings consistent with returning operations, which would materially expand international demand. Yahoo: Venezuela job posting Upstream: CEO comments
Positive Sentiment: Capital returns and cash flow profile support shareholder value — company emphasized buybacks and a >2% dividend; analysts note buybacks materially reduced share count in 2025. Benzinga: cash flow & deals
Positive Sentiment: Unusual options activity: heavy call buying (≈60k calls) indicates short‑term bullish positioning by traders. (Market flow item)
Neutral Sentiment: Valuation/DCF rechecks are appearing after the run‑up — some analytical pieces reassess fair value given recent momentum; these provide mixed signals depending on assumptions. Yahoo: valuation check
Neutral Sentiment: Management tone: strong 2025 execution but cautious phrasing on 2026 growth — investors should watch guidance/remarks from the call for forward momentum. TipRanks: earnings call takeaways
Negative Sentiment: North America remains a drag — Q4 North America revenue fell and regional weakness could limit upside until U.S. activity recovers. Barron’s: North America drag
Negative Sentiment: Insider selling and mixed year‑over‑year metrics noted by some data providers; monitor insider flows and quarterly cash trends for signs of sustainable recovery. QuiverQuant: financial snapshot & insider activity

Halliburton Company Profile

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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.