Houston, Texas-based Halliburton Company (HAL) is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial, and government sectors. The company has a market capitalization of $26.3 billion and operates through the Completion and Production and Drilling and Evaluation segments.
HAL shares have outpaced the broader market over the past year, growing 16.5% compared to the S&P 500 Index’s ($SPX) 9.8% surge. Moreover, in 2026, the stock has risen nearly 12.7%, outperforming the SPX’s 7.8% gain.
Focusing on its industry benchmark, the State Street Energy Select Sector SPDR ETF (XLE) has risen 39.6% over the past year, outperforming the stock. In 2026, as well, XLE surged 37.8%, rallying the stock.
On Oct. 20, HAL stock rose 1.9% following the release of its better-than-expected Q3 2026 earnings. The company’s revenue for the quarter rose 1.8% from the prior-year quarter to $5.7 billion and surpassed the Street’s estimates. Moreover, its adjusted EPS also amounted to $0.60, topping the consensus estimates as well.
For the current year, which ends in December, analysts expect HAL’s EPS to decline 3.7% to $2.33 on a diluted basis. The company surpassed the consensus estimate in each of the last four quarters, which is impressive.
Among the 24 analysts covering HAL stock, the consensus is a “Strong Buy.” That’s based on 16 “Strong Buy” ratings, three “Moderate Buys,” and five “Holds.”
The configuration has grown more bullish as the stock now has 16 “Strong Buy” ratings, compared to 15 a month ago.
On Nov. 3, Stifel analyst Stephen Gengaro maintained a “Buy” rating for HAL stock and set a price target of $43.
HAL’s mean price target of $43.88 represents a 37.8% premium over the current market price. Its Street-high target of $51 implies a robust 60.2% upside from current levels.
On the date of publication, Aritra Gangopadhyay did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.