JPMorgan Adjusts Price Target on Halliburton to $40 From $35, Maintains Overweight Rating
AI Sentiment
Positive
7/10
as of 03-27-2026 3:57pm EST
Halliburton is North America's largest oilfield-services company as measured by market share. Despite industry fragmentation, it holds a leading position in the hydraulic fracturing and completions market, which makes up nearly half of its revenue. It also holds strong positions in other service offerings like drilling and completions fluids, which leverages its expertise in material science, as well as the directional drilling market. While we consider SLB the global leader in reservoir evaluation, we think Halliburton leads in any activity from the reservoir to the wellbore. Halliburton's innovations have helped multiple producers lower their development costs per barrel of oil equivalent, with techniques that have been honed over a century of operations.
| Founded: | 1919 | Country: | United States |
| Employees: | N/A | City: | HOUSTON |
| Market Cap: | 28.5B | IPO Year: | 2006 |
| Target Price: | $34.71 | AVG Volume (30 days): | 14.2M |
| Analyst Decision: | Buy | Number of Analysts: | 17 |
| Dividend Yield: | Dividend Payout Frequency: | monthly | |
| EPS: | 0.81 | EPS Growth: | N/A |
| 52 Week Low/High: | $18.72 - $39.87 | Next Earning Date: | 04-21-2026 |
| Revenue: | $17,973,000,000 | Revenue Growth: | 22.47% |
| Revenue Growth (this year): | -1.47% | Revenue Growth (next year): | 3.74% |
| P/E Ratio: | 47.98 | Index: | |
| Free Cash Flow: | 1.7B | FCF Growth: | -31.00% |
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Director, EVP and COO
Avg Cost/Share
$33.82
Shares
5,441
Total Value
$184,014.62
Owned After
187,422.952
SEC Form 4
EVP, Secretary and CLO
Avg Cost/Share
$33.82
Shares
19,618
Total Value
$663,480.76
Owned After
344,535.49
SEC Form 4
Senior VP and Treasurer
Avg Cost/Share
$34.37
Shares
3,846
Total Value
$132,187.02
Owned After
81,631
SEC Form 4
Director
Avg Cost/Share
$34.18
Shares
2,600
Total Value
$88,855.00
Owned After
14,043
SEC Form 4
EVP, Secretary and CLO
Avg Cost/Share
$34.96
Shares
54,348
Total Value
$1,900,006.08
Owned After
344,535.49
SEC Form 4
Director, President & CEO
Avg Cost/Share
$34.96
Shares
171,200
Total Value
$5,985,152.00
Owned After
1,101,243.02
SEC Form 4
Director, EVP and COO
Avg Cost/Share
$32.30
Shares
23,895
Total Value
$771,808.50
Owned After
187,422.952
SEC Form 4
EVP, Secretary and CLO
Avg Cost/Share
$32.30
Shares
17,798
Total Value
$574,875.40
Owned After
344,535.49
SEC Form 4
EVP and Chief Admin Officer
Avg Cost/Share
$32.25
Shares
100,000
Total Value
$3,225,000.00
Owned After
419,799.685
SEC Form 4
| Insider | Ticker | Relationship | Date | Transaction | Avg Cost | Shares | Total Value | Owned After | SEC Forms |
|---|---|---|---|---|---|---|---|---|---|
| Slocum Jeffrey Shannon | HAL | Director, EVP and COO | Mar 16, 2026 | Sell | $33.82 | 5,441 | $184,014.62 | 187,422.952 | |
| Beckwith Van H. | HAL | EVP, Secretary and CLO | Mar 16, 2026 | Sell | $33.82 | 19,618 | $663,480.76 | 344,535.49 | |
| McKeon Timothy | HAL | Senior VP and Treasurer | Mar 6, 2026 | Sell | $34.37 | 3,846 | $132,187.02 | 81,631 | |
| Banks Margaret Katherine | HAL | Director | Jan 26, 2026 | Sell | $34.18 | 2,600 | $88,855.00 | 14,043 | |
| Beckwith Van H. | HAL | EVP, Secretary and CLO | Jan 23, 2026 | Sell | $34.96 | 54,348 | $1,900,006.08 | 344,535.49 | |
| Miller Jeffrey Allen | HAL | Director, President & CEO | Jan 23, 2026 | Sell | $34.96 | 171,200 | $5,985,152.00 | 1,101,243.02 | |
| Slocum Jeffrey Shannon | HAL | Director, EVP and COO | Jan 9, 2026 | Sell | $32.30 | 23,895 | $771,808.50 | 187,422.952 | |
| Beckwith Van H. | HAL | EVP, Secretary and CLO | Jan 9, 2026 | Sell | $32.30 | 17,798 | $574,875.40 | 344,535.49 | |
| Pope Lawrence J | HAL | EVP and Chief Admin Officer | Jan 5, 2026 | Sell | $32.25 | 100,000 | $3,225,000.00 | 419,799.685 |
SEC 8-K filings with transcript text
Jan 21, 2026 · 100% conf.
1D
-1.71%
$32.79
Act: +1.08%
5D
-4.82%
$31.75
Act: +0.00%
20D
-5.57%
$31.50
Act: +6.03%
hal-202601210000045012falseCHX00000450122026-01-212026-01-210000045012exch:XNYS2026-01-212026-01-210000045012exch:XCHI2026-01-212026-01-21
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 21, 2026
(Exact name of registrant as specified in its charter)
Delaware 001-0349275-2677995 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
3000 North Sam Houston Parkway East,Houston,Texas77032 (Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (281) 871-2699
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered Common Stock, par value $2.50 per shareHALNew York Stock Exchange NYSE Texas
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition
On January 21, 2026, Halliburton Company (the “Company”) issued a press release announcing its financial results for the quarter ended December 31, 2025 and providing access information for an investor conference call to discuss those results. The scheduled conference call was previously announced on December 12, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference into this Item 2.02. The press release will be published on the Company’s website at www.halliburton.com.
The Company’s press release announcing its results for the quarter ended December 31, 2025 and information to be discussed on the conference call contain certain non-GAAP financial measures (as defined under the Securities and Exchange Commission’s Regulation G). Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles, or GAAP. The Company has provided reconciliations within the press release and in the Quarterly Results and Presentations section of our website of the non-GAAP measures to the most directly comparable GAAP financial measure.
In accordance with General Instruction B.2 of Form 8-K, the information included in this Current Report under Item 2.02 and in the press release as Exhibit 99.1 is deemed to be “furnished” and shall not be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended (Securities Act), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 7.01. Regulation FD Disclosure
On January 21, 2026, the Company issued a press release announcing its results for the quarter ended December 31, 2025. A copy of the press release is set forth in Exhibit 99.1 and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information included in this Current Report under Item 7.01 and in the press release as Exhibit 99.1 is deemed to be “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits
In accordance with General Instruction B.2 of Form 8-K, the information set forth in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed to
Oct 21, 2025
hal-202510210000045012falseCHX00000450122025-10-212025-10-210000045012exch:XNAS2025-10-212025-10-210000045012exch:XCHI2025-10-212025-10-21
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 21, 2025
(Exact name of registrant as specified in its charter)
Delaware 001-0349275-2677995 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
3000 North Sam Houston Parkway East,Houston,Texas77032 (Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (281) 871-2699
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered Common Stock, par value $2.50 per shareHALNew York Stock Exchange NYSE Texas
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition
On October 21, 2025, Halliburton Company (the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2025 and providing access information for an investor conference call to discuss those results. The scheduled conference call was previously announced on September 18, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference into this Item 2.02. The press release will be published on the Company’s website at www.halliburton.com.
The Company’s press release announcing its results for the quarter ended September 30, 2025 and information to be discussed on the conference call contain certain non-GAAP financial measures (as defined under the Securities and Exchange Commission’s Regulation G). Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles, or GAAP. The Company has provided reconciliations within the press release of the non-GAAP measures to the most directly comparable GAAP financial measure.
In accordance with General Instruction B.2 of Form 8-K, the information included in this Current Report under Item 2.02 and in the press release as Exhibit 99.1 is deemed to be “furnished” and shall not be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended (Securities Act), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 7.01. Regulation FD Disclosure
On October 21, 2025, the Company issued a press release announcing its results for the quarter ended September 30, 2025. A copy of the press release is set forth in Exhibit 99.1 and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information included in this Current Report under Item 7.01 and in the press release as Exhibit 99.1 is deemed to be “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits
In accordance with General Instruction B.2 of Form 8-K, the information set forth in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act.
(d)
Jul 22, 2025
hal-202507220000045012falseCHX00000450122025-07-222025-07-220000045012exch:XNAS2025-07-222025-07-220000045012exch:XCHI2025-07-222025-07-22
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 22, 2025
(Exact name of registrant as specified in its charter)
Delaware 001-0349275-2677995 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
3000 North Sam Houston Parkway East,Houston,Texas77032 (Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (281) 871-2699
Not Applicable (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered Common Stock, par value $2.50 per shareHALNew York Stock Exchange NYSE Texas
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition
On July 22, 2025, Halliburton Company (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2025 and providing access information for an investor conference call to discuss those results. The scheduled conference call was previously announced on June 20, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference into this Item 2.02. The press release will be published on the Company’s website at www.halliburton.com.
The Company’s press release announcing its results for the quarter ended June 30, 2025 and information to be discussed on the conference call contain certain non-GAAP financial measures (as defined under the Securities and Exchange Commission’s Regulation G). Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles, or GAAP. The Company has provided reconciliations within the press release of the non-GAAP measures to the most directly comparable GAAP financial measure.
In accordance with General Instruction B.2 of Form 8-K, the information included in this Current Report under Item 2.02 and in the press release as Exhibit 99.1 is deemed to be “furnished” and shall not be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended (Securities Act), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 7.01. Regulation FD Disclosure
On July 22, 2025, the Company issued a press release announcing its results for the quarter ended June 30, 2025. A copy of the press release is set forth in Exhibit 99.1 and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information included in this Current Report under Item 7.01 and in the press release as Exhibit 99.1 is deemed to be “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits
In accordance with General Instruction B.2 of Form 8-K, the information set forth in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act.
(d) Exhibits
99.1 Press Rele
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