Halliburton (HAL) Stock Forecast & Price Target

$31.81 -0.18 (-0.56%)

(As of 05:00 PM ET)

Halliburton - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 20 Analyst Ratings

Sell
0

Hold
3

Buy
17

Based on 20 Wall Street analysts who have issued ratings for Halliburton in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 20 analysts, 3 have given a hold rating, 16 have given a buy rating, and 1 has given a strong buy rating for HAL.

Consensus Price Target

$40.74
28.06% Upside

According to the 20 analysts' twelve-month price targets for Halliburton, the average price target is $40.74. The highest price target for HAL is $48.00, while the lowest price target for HAL is $34.00. The average price target represents a forecasted upside of 28.06% from the current price of $31.81.

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HAL Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	16 Buy rating(s)	16 Buy rating(s)	15 Buy rating(s)	13 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$40.74	$41.74	$45.35	$49.00
Forecasted Upside	28.06% Upside	47.74% Upside	46.30% Upside	30.04% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Buy	Buy

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HAL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

HAL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Halliburton Stock vs. The Competition

Type	Halliburton	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.90	2.63	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	28.06% Upside	1,369.33% Upside	6.74% Upside
News Sentiment Rating	Positive News See Recent HAL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/18/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$35.00 ➝ $34.00	+12.99%
11/8/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$47.00 ➝ $43.00	+48.12%
11/8/2024	Raymond James 4 of 5 stars		Lower Target	Strong-Buy ➝ Strong-Buy	$41.00 ➝ $37.00	+27.72%
11/8/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$42.00 ➝ $40.00	+35.27%
11/8/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$40.00 ➝ $40.00	+35.36%
10/14/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$40.00 ➝ $38.00	+24.39%
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10/11/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$45.00 ➝ $42.00	+36.05%
10/10/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$40.00 ➝ $38.00	+23.58%
9/25/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$46.00 ➝ $39.00	+33.97%
9/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$47.00 ➝ $46.00	+53.49%
9/18/2024	Dbs Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Department Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$45.00	+54.80%
9/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$41.00 ➝ $37.00	+27.76%
9/13/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Mackey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform	$44.00 ➝ $37.00	+32.07%
8/29/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$47.00 ➝ $40.00	+29.24%
7/22/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. West Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$52.00 ➝ $48.00	+43.03%
7/22/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$45.00 ➝ $40.00	+18.34%
7/22/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$46.00 ➝ $40.00	+18.24%
7/22/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$47.00 ➝ $45.00	+30.81%
7/19/2024	Johnson Rice Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Crist Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Buy
6/28/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$50.00 ➝ $45.00	+33.21%
12/22/2023	Atb Cap Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Syed Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
7/21/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$57.00 ➝ $50.00	+37.29%
6/7/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Becker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$41.00	+25.96%
1/12/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Outperform	$51.00	+24.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:37 PM ET.

Should I Buy Halliburton Stock? HAL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these Halliburton pros and cons to contact@marketbeat.com.

Halliburton
Bull Case

Here are some ways that investors could benefit from investing in Halliburton:

Halliburton's stock is currently trading at $30.19, which is significantly lower than its 1-year high of $41.56, suggesting potential for price appreciation.
The company reported a return on equity of 28.33%, indicating strong profitability relative to shareholder equity, which can attract investors looking for efficient management of their investments.
Institutional investors own 85.23% of Halliburton's stock, reflecting strong confidence from large financial entities, which can be a positive signal for individual investors.
Recent analyst ratings show a consensus of "Moderate Buy" with a target price of $40.79, suggesting that analysts expect the stock to perform well in the near future.
Halliburton's diverse operations in the energy sector, including Completion and Production, and Drilling and Evaluation, position it well to capitalize on various market opportunities.

Halliburton
Bear Case

Investors should be bearish about investing in Halliburton for these reasons:

The company recently reported earnings per share (EPS) of $0.73, which missed the consensus estimate of $0.75, indicating potential challenges in meeting market expectations.
Halliburton's revenue of $5.70 billion for the last quarter was below analyst estimates of $5.83 billion, suggesting that the company may be facing operational difficulties or market headwinds.
Analysts have recently lowered their price targets for Halliburton, with Barclays reducing its target from $47.00 to $43.00, which may indicate a lack of confidence in short-term growth prospects.
The stock has experienced volatility, with a 1-year low of $27.26, which could be a concern for risk-averse investors looking for stability.
Market conditions in the energy sector can be unpredictable, and any downturn could adversely affect Halliburton's performance and stock price.

HAL Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Halliburton is $40.74, with a high forecast of $48.00 and a low forecast of $34.00.
: 20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Halliburton in the last twelve months. There are currently 3 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" HAL shares.
: According to analysts, Halliburton's stock has a predicted upside of 28.06% based on their 12-month stock forecasts.
: Over the previous 90 days, Halliburton's stock had 1 downgrade by analysts.
: Halliburton has been rated by research analysts at Bank of America, Barclays, Benchmark, BMO Capital Markets, Dbs Bank, Jefferies Financial Group, Morgan Stanley, Raymond James, Royal Bank of Canada, Stifel Nicolaus, Susquehanna, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Halliburton more than other "oils/energy" companies. The consensus rating score for Halliburton is 2.90 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how HAL compares to other companies.

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This page (NYSE:HAL) was last updated on 11/26/2024 by MarketBeat.com Staff

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Halliburton (HAL) Stock Forecast & Price Target