Halliburton Company (HAL) Stock Forecast, Price Target & Predictions
HAL Stock Forecast
Halliburton Company stock forecast is as follows: an average price target of $38.46 (represents a 31.26% upside from HAL’s last price of $29.30) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.
HAL Price Target
The average price target for Halliburton Company (HAL) is $38.46 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $52.00 to $23.00. This represents a potential 31.26% upside from HAL's last price of $29.30.
HAL Analyst Ratings
According to 15 Wall Street analysts, Halliburton Company's rating consensus is 'Buy'. The analyst rating breakdown for HAL stock is 0 'Strong Buy' (0.00%), 13 'Buy' (86.67%), 2 'Hold' (13.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Halliburton Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 13, 2024 | Sector Perform | RBC Capital | $37.00 | $28.02 | 32.05% | 26.28% |
| Jul 23, 2024 | David Anderson | Barclays | $48.00 | $33.39 | 43.76% | 63.82% |
| Jul 22, 2024 | Stephen Gengaro | Stifel Nicolaus | $45.00 | $33.39 | 34.77% | 53.58% |
| Jul 22, 2024 | Charles Minervino | Susquehanna | $46.00 | $34.02 | 35.21% | 57.00% |
| Jul 22, 2024 | James West | Evercore ISI | $48.00 | $33.99 | 41.22% | 63.82% |
| Jul 22, 2024 | Luke Lemoine | Piper Sandler | $40.00 | $34.40 | 16.28% | 36.52% |
| Jul 22, 2024 | Keith Mackey | RBC Capital | $44.00 | $34.40 | 27.91% | 50.17% |
| Jul 19, 2024 | James West | Evercore ISI | $52.00 | $34.40 | 51.16% | 77.47% |
| Apr 23, 2024 | Sam Margolin | Wolfe Research | $52.00 | $38.79 | 34.06% | 77.47% |
| Jul 20, 2023 | Praveen Narra | Raymond James | $49.00 | $37.01 | 32.40% | 67.24% |
The latest Halliburton Company stock forecast, released on Sep 13, 2024 by Sector Perform from RBC Capital, set a price target of $37.00, which represents a 32.05% increase from the stock price at the time of the forecast ($28.02), and a 26.28% increase from HAL last price ($29.30).
Halliburton Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 8 | 9 |
| Avg Price Target | $37.00 | $45.00 | $45.78 |
| Last Closing Price | $29.30 | $29.30 | $29.30 |
| Upside/Downside | 26.28% | 53.58% | 56.25% |
In the current month, the average price target of Halliburton Company stock is $37.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 26.28% increase as opposed to Halliburton Company's last price of $29.30. This month's average price target is down -17.78% compared to last quarter, and down -19.18% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 13, 2024 | Susquehanna | Underperform | Underperform | Hold |
| Sep 13, 2024 | UBS | Sector Perform | Sector Perform | Hold |
| Sep 13, 2024 | RBC Capital | Outperform | Sector Perform | Downgrade |
| Aug 20, 2024 | Susquehanna | Underperform | Underperform | Hold |
| Aug 20, 2024 | UBS | Buy | Buy | Hold |
| Jul 23, 2024 | Barclays | Overweight | Overweight | Hold |
| Jul 22, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jul 22, 2024 | Susquehanna | Positive | Positive | Hold |
| Jul 22, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Jul 22, 2024 | RBC Capital | Outperform | Outperform | Hold |
Halliburton Company's last stock rating was published by Susquehanna on Sep 13, 2024. The company gave HAL a "Underperform" rating, the same as its previous rate.
Halliburton Company Financial Forecast
Halliburton Company Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.74B | - | $5.80B | $5.68B | $5.58B | $5.36B | - | $4.28B | $4.28B | $3.86B |
| Avg Forecast | $6.82B | $6.77B | $6.63B | $6.48B | $6.60B | $6.55B | $6.43B | $6.22B | $6.55B | $6.47B | $6.39B | $6.15B | $6.34B | $6.22B | $6.09B | $5.95B | $5.98B | $5.84B | $5.95B | $5.67B | $5.78B | $5.85B | $5.85B | $5.50B | $5.58B | $5.34B | $4.71B | $4.20B | $4.09B | $3.89B |
| High Forecast | $7.11B | $7.05B | $6.91B | $6.75B | $6.88B | $6.83B | $6.70B | $6.48B | $6.83B | $6.74B | $6.65B | $6.41B | $6.60B | $6.48B | $6.34B | $6.19B | $6.22B | $5.86B | $6.19B | $5.90B | $5.81B | $5.96B | $6.09B | $5.72B | $5.81B | $5.56B | $4.71B | $4.30B | $4.19B | $3.98B |
| Low Forecast | $6.78B | $6.72B | $6.59B | $6.43B | $6.56B | $6.51B | $6.39B | $6.18B | $6.51B | $6.43B | $6.34B | $6.11B | $6.30B | $6.18B | $6.05B | $5.91B | $5.94B | $5.81B | $5.91B | $5.63B | $5.73B | $5.75B | $5.81B | $5.46B | $5.55B | $5.31B | $4.71B | $4.16B | $4.05B | $3.85B |
| # Analysts | 6 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 9 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | - | 0.99% | 1.03% | 1.00% | 1.00% | - | 1.02% | 1.05% | 0.99% |
Halliburton Company's average Quarter revenue forecast for Mar 24 based on 4 analysts is $5.67B, with a low forecast of $5.63B, and a high forecast of $5.90B. HAL's average Quarter revenue forecast represents a -1.22% decrease compared to the company's last Quarter revenue of $5.74B (Dec 23).
Halliburton Company EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 9 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.06B | - | $1.01B | $1.15B | $1.15B | $1.03B | - | $671.00M | $754.00M | $667.00M |
| Avg Forecast | $675.00M | $669.60M | $656.00M | $640.79M | $653.12M | $648.45M | $636.18M | $615.69M | $648.42M | $640.42M | $631.73M | $608.69M | $627.13M | $615.20M | $602.44M | $588.27M | $591.35M | $577.76M | $588.34M | $809.17M | $572.03M | $578.59M | $578.73M | $735.61M | $552.33M | $733.70M | $465.54M | $668.74M | $709.65M | $667.00M |
| High Forecast | $703.00M | $697.37M | $683.20M | $667.37M | $680.21M | $675.35M | $662.57M | $641.23M | $675.32M | $666.98M | $657.93M | $633.94M | $653.15M | $640.72M | $627.42M | $612.66M | $615.88M | $579.74M | $612.74M | $971.00M | $574.99M | $590.11M | $602.73M | $882.73M | $575.24M | $880.44M | $465.54M | $802.48M | $851.58M | $800.40M |
| Low Forecast | $670.56M | $665.20M | $651.68M | $636.58M | $648.82M | $644.19M | $632.00M | $611.64M | $644.16M | $636.21M | $627.57M | $604.69M | $623.01M | $611.15M | $598.47M | $584.40M | $587.46M | $574.80M | $584.47M | $647.34M | $567.09M | $568.68M | $574.92M | $588.49M | $548.70M | $586.96M | $465.54M | $534.99M | $567.72M | $533.60M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.85% | - | 1.75% | 1.56% | 2.09% | 1.41% | - | 1.00% | 1.06% | 1.00% |
4 analysts predict HAL's average Quarter EBITDA for Mar 24 to be $809.17M, with a high of $971.00M and a low of $647.34M. This is -23.52% lower than Halliburton Company's previous annual EBITDA (Dec 23) of $1.06B.
Halliburton Company Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 9 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $661.00M | - | $950.00M | $651.00M | $656.00M | $544.00M | - | $263.00M | $827.00M | $236.00M |
| Avg Forecast | - | - | - | - | - | - | - | - | $963.82M | $935.58M | $898.97M | $852.24M | $840.47M | $795.49M | $757.98M | $716.79M | $728.01M | $671.22M | $708.67M | $308.87M | $704.58M | $680.76M | $661.58M | $280.79M | $592.01M | $259.60M | $399.07M | $255.26M | $775.53M | $236.00M |
| High Forecast | - | - | - | - | - | - | - | - | $1.02B | $986.03M | $947.44M | $898.19M | $885.79M | $838.38M | $798.85M | $755.44M | $767.26M | $707.42M | $746.88M | $370.64M | $713.39M | $707.28M | $697.25M | $336.95M | $623.93M | $311.52M | $399.07M | $306.32M | $930.64M | $283.20M |
| Low Forecast | - | - | - | - | - | - | - | - | $955.58M | $927.58M | $891.28M | $844.95M | $833.28M | $788.68M | $751.50M | $710.66M | $721.78M | $662.39M | $702.61M | $247.10M | $686.97M | $654.23M | $655.91M | $224.63M | $586.95M | $207.68M | $399.07M | $204.21M | $620.42M | $188.80M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | - | 1.44% | 2.32% | 1.11% | 2.10% | - | 1.03% | 1.07% | 1.00% |
Halliburton Company's average Quarter net income forecast for Mar 24 is $308.87M, with a range of $247.10M to $370.64M. HAL's average Quarter net income forecast represents a -53.27% decrease compared to the company's last Quarter net income of $661.00M (Dec 23).
Halliburton Company SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 9 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $54.00M | $70.00M | $59.00M | - | $52.00M | $59.00M | $46.00M |
| Avg Forecast | $81.87M | $81.22M | $79.57M | $77.72M | $79.22M | $78.65M | $77.17M | $74.68M | $78.65M | $77.68M | $76.63M | $73.83M | $76.07M | $74.62M | $73.07M | $71.35M | $71.73M | $70.08M | $71.36M | $61.07M | $69.38M | $70.18M | $70.20M | $55.52M | $67.00M | $50.60M | $56.47M | $50.47M | $55.53M | $46.00M |
| High Forecast | $85.27M | $84.59M | $82.87M | $80.95M | $82.51M | $81.92M | $80.37M | $77.78M | $81.91M | $80.90M | $79.80M | $76.89M | $79.22M | $77.72M | $76.10M | $74.31M | $74.70M | $70.32M | $74.32M | $73.28M | $69.74M | $71.58M | $73.11M | $66.62M | $69.77M | $60.72M | $56.47M | $60.56M | $66.64M | $55.20M |
| Low Forecast | $81.34M | $80.68M | $79.05M | $77.21M | $78.70M | $78.14M | $76.66M | $74.19M | $78.13M | $77.17M | $76.12M | $73.35M | $75.57M | $74.13M | $72.59M | $70.88M | $71.26M | $69.72M | $70.89M | $48.86M | $68.78M | $68.98M | $69.74M | $44.41M | $66.55M | $40.48M | $56.47M | $40.38M | $44.42M | $36.80M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 1.04% | 1.17% | - | 1.03% | 1.06% | 1.00% |
Halliburton Company's average Quarter SG&A projection for Jun 23 is $70.20M, based on 10 Wall Street analysts, with a range of $69.74M to $73.11M. The forecast indicates a 29.99% rise compared to HAL last annual SG&A of $54.00M (Mar 23).
Halliburton Company EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 12 | 11 | 10 | 9 | 8 | 7 | 8 | 13 | 6 | 4 | 9 | 20 | 10 | 10 | 9 | 9 | 9 | 9 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.74 | - | $1.05 | $0.72 | $0.72 | $0.60 | - | $0.29 | $0.92 | $0.26 |
| Avg Forecast | - | - | - | - | - | - | - | - | $1.09 | $1.06 | $1.01 | $0.96 | $0.95 | $0.90 | $0.86 | $0.81 | $0.82 | $0.76 | $0.80 | $0.74 | $0.80 | $0.77 | $0.75 | $0.67 | $0.67 | $0.56 | $0.45 | $0.34 | $0.34 | $0.28 |
| High Forecast | - | - | - | - | - | - | - | - | $1.15 | $1.11 | $1.07 | $1.01 | $1.00 | $0.95 | $0.90 | $0.85 | $0.87 | $0.80 | $0.84 | $0.78 | $0.81 | $0.80 | $0.79 | $0.71 | $0.70 | $0.59 | $0.45 | $0.35 | $0.35 | $0.28 |
| Low Forecast | - | - | - | - | - | - | - | - | $1.08 | $1.05 | $1.01 | $0.95 | $0.94 | $0.89 | $0.85 | $0.80 | $0.81 | $0.75 | $0.79 | $0.74 | $0.78 | $0.74 | $0.74 | $0.67 | $0.66 | $0.56 | $0.45 | $0.34 | $0.34 | $0.27 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | - | 1.41% | 1.07% | 1.08% | 1.07% | - | 0.84% | 2.70% | 0.94% |
According to 4 Wall Street analysts, Halliburton Company's projected average Quarter EPS for Mar 24 is $0.74, with a low estimate of $0.74 and a high estimate of $0.78. This represents a 0.56% increase compared to HAL previous annual EPS of $0.74 (Dec 23).
Halliburton Company Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| WFRD | Weatherford | $93.90 | $164.00 | 74.65% | Buy |
| VAL | Valaris | $56.85 | $98.00 | 72.38% | Buy |
| TDW | Tidewater | $74.58 | $124.00 | 66.26% | Strong Buy |
| XPRO | Expro Group | $18.06 | $26.67 | 47.67% | Buy |
| TS | Tenaris | $29.30 | $42.00 | 43.34% | Buy |
| SLB | Schlumberger | $41.50 | $58.67 | 41.37% | Buy |
| DNOW | NOW | $12.81 | $18.00 | 40.52% | - |
| HAL | Halliburton Company | $29.30 | $38.46 | 31.26% | Buy |
| CHX | ChampionX | $29.89 | $38.33 | 28.24% | Buy |
| NEX | NexTier Oilfield Solutions | $10.61 | $13.50 | 27.24% | Hold |
| NOV | NOV | $16.39 | $19.50 | 18.97% | Buy |
| BKR | Baker Hughes Company | $34.73 | $36.95 | 6.39% | Buy |
| WHD | Cactus | $61.30 | $54.00 | -11.91% | Hold |
| OII | Oceaneering | $25.50 | $21.00 | -17.65% | Buy |
| FTI | TechnipFMC | $25.49 | $20.88 | -18.09% | Buy |
HAL Forecast FAQ
Is Halliburton Company a good buy?
Yes, according to 15 Wall Street analysts, Halliburton Company (HAL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 86.67% of HAL's total ratings.
What is HAL's price target?
Halliburton Company (HAL) average price target is $38.46 with a range of $23 to $52, implying a 31.26% from its last price of $29.3. The data is based on 15 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Halliburton Company stock go up soon?
According to Wall Street analysts' prediction for HAL stock, the company can go up by 31.26% (from the last price of $29.3 to the average price target of $38.46), up by 77.47% based on the highest stock price target, and down by -21.50% based on the lowest stock price target.
Can Halliburton Company stock reach $40?
HAL's highest twelve months analyst stock price target of $52 supports the claim that Halliburton Company can reach $40 in the near future.
What is Halliburton Company's current price target trend?
1 Wall Street analyst forecast a $37 price target for Halliburton Company (HAL) this month, up 26.28% from its last price of $29.3. Compared to the last 3 and 12 months, the average price target increased by 53.58% and increased by 56.25%, respectively.
What are Halliburton Company's analysts' financial forecasts?
Halliburton Company's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $25.81B (high $26.88B, low $25.64B), average EBITDA is $2.55B (high $2.66B, low $2.54B), average net income is $0 (high $0, low $0), average SG&A $309.72M (high $322.57M, low $307.68M), and average EPS is $0 (high $0, low $0). HAL's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $26.7B (high $27.81B, low $26.52B), average EBITDA is $2.64B (high $2.75B, low $2.62B), average net income is $0 (high $0, low $0), average SG&A $320.39M (high $333.68M, low $318.28M), and average EPS is $0 (high $0, low $0).
Did the HAL's actual financial results beat the analysts' financial forecasts?
Based on Halliburton Company's last annual report (Dec 2023), the company's revenue was $23.02B, beating the average analysts forecast of $22.98B by 0.18%. Apple's EBITDA was $4.08B, beating the average prediction of $2.46B by 65.64%. The company's net income was $2.64B, beating the average estimation of $2.33B by 13.33%. Apple's SG&A was $0, missing the average forecast of $265.28M by -100.00%. Lastly, the company's EPS was $2.93, missing the average prediction of $2.98 by -1.74%. In terms of the last quarterly report (Dec 2023), Halliburton Company's revenue was $5.74B, missing the average analysts' forecast of $5.78B by -0.74%. The company's EBITDA was $1.06B, beating the average prediction of $572.03M by 84.96%. Halliburton Company's net income was $661M, missing the average estimation of $704.58M by -6.19%. The company's SG&A was $0, missing the average forecast of $69.38M by -100.00%. Lastly, the company's EPS was $0.74, missing the average prediction of $0.795 by -6.95%