JPMorgan Chase & Co. Increases Halliburton (NYSE:HAL) Price Target to $42.00

22 Apr 2026, 16:32 by Mitch Edgeman · The Markets Daily

Halliburton (NYSE:HAL – Get Free Report) had its price target upped by equities researchers at JPMorgan Chase & Co. from $40.00 to $42.00 in a report issued on Wednesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the oilfield services company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 7.27% from the stock’s previous close.

A number of other research firms have also issued reports on HAL. Barclays boosted their target price on Halliburton from $29.00 to $37.00 and gave the company an “equal weight” rating in a report on Wednesday. Evercore raised Halliburton from an “in-line” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Friday, March 20th. Capital One Financial upped their price objective on Halliburton from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. UBS Group upped their price objective on Halliburton from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, April 7th. Finally, Susquehanna upped their price objective on Halliburton from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Tuesday, April 7th. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Halliburton has an average rating of “Moderate Buy” and an average target price of $40.27.

Read Our Latest Stock Report on Halliburton

Halliburton Trading Up 2.6%

NYSE:HAL opened at $39.16 on Wednesday. The firm has a market cap of $32.70 billion, a P/E ratio of 25.97, a PEG ratio of 1.63 and a beta of 0.68. The company has a current ratio of 2.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.68. The stock’s 50 day simple moving average is $36.42 and its 200-day simple moving average is $31.29. Halliburton has a 12-month low of $19.22 and a 12-month high of $41.18.

Halliburton (NYSE:HAL – Get Free Report) last released its earnings results on Tuesday, April 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.37 billion. Halliburton had a return on equity of 19.77% and a net margin of 5.78%.The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share. Equities analysts anticipate that Halliburton will post 2.18 EPS for the current year.

Insider Activity at Halliburton

In other Halliburton news, EVP Van H. Beckwith sold 19,618 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $33.82, for a total transaction of $663,480.76. Following the sale, the executive vice president directly owned 344,535 shares in the company, valued at approximately $11,652,173.70. The trade was a 5.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey Shannon Slocum sold 5,441 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $33.82, for a total value of $184,014.62. Following the sale, the chief operating officer owned 187,423 shares in the company, valued at approximately $6,338,645.86. The trade was a 2.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 415,508 shares of company stock valued at $15,291,882 in the last 90 days. 0.57% of the stock is owned by corporate insiders.

Institutional Trading of Halliburton

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. purchased a new stake in shares of Halliburton in the third quarter valued at $25,000. Nvest Wealth Strategies Inc. purchased a new stake in shares of Halliburton in the fourth quarter valued at $25,000. Kelleher Financial Advisors purchased a new stake in shares of Halliburton in the third quarter valued at $25,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Halliburton in the second quarter valued at $25,000. Finally, Zions Bancorporation National Association UT lifted its position 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 valued at $28,000 after acquiring an additional 650 shares in the last quarter. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Halliburton

Here are the key news stories impacting Halliburton this week:

Positive Sentiment: Q1 beat: HAL reported $0.55 EPS and $5.40B revenue, topping consensus and showing a meaningful earnings beat that drove the rally. Halliburton Announces First Quarter 2026 Results
Positive Sentiment: International strength: Latin America and Europe/Africa growth lifted margins and offset regional headwinds, supporting better-than-expected profit performance. Halliburton posts higher first-quarter profit
Positive Sentiment: Management outlook: CEO said U.S. oil activity is in the “early innings” of a rebound and a drilling ramp-up is coming, which signals potential improving North America revenue ahead. Halliburton CEO: US oil is in the ‘early innings’ of a rebound—and a drilling ramp-up is coming
Positive Sentiment: Analyst bullishness: Multiple firms raised ratings/targets (Stifel raised target to $43; Griffin upgraded to buy with $47 PT; TD Cowen lifted target to $48), adding buy-side momentum. Benzinga
Positive Sentiment: Cash generation & shareholder returns: $273M operating cash flow, ~$123M free cash flow, a $0.17 dividend and about $100M in buybacks during the quarter support capital return story. Halliburton Q1 Earnings and Revenues Beat Estimates
Neutral Sentiment: Corporate activity: Halliburton is discussing commercial terms with customers in Venezuela after visits to facilities — could unlock revenue but carries geopolitical/legal complexity. Oilfield service firm Halliburton is discussing commercial terms with customers for Venezuela operations
Negative Sentiment: Higher near-term costs from Iran war: Management flagged a Q2 hit of about $0.07–$0.09 per share and broader Middle East disruptions that could pressure margins. Halliburton flags higher costs from Iran war as first-quarter profit tops estimates
Negative Sentiment: North America softness & flat revenue: U.S. stimulation activity remains softer and total revenue was roughly flat year-over-year, limiting upside until a clearer drilling ramp occurs. Halliburton (NYSE:HAL) Posts Better-Than-Expected Sales In Q1 CY2026

About Halliburton

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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.