Key Highlights:
- Halliburton shares fell 5.5% after reporting a revenue decline in Q1
- Wall Street analysts forecast a potential upside of 55.65% from the current stock price
- GF Value suggests a significant upside potential of 83.01% over the next year
Shares of Halliburton Co. (NYSE: HAL) experienced a 5.5% drop in recent trading sessions, following the company's announcement of a 6.6% decline in revenue year-over-year for Q1. This downturn is largely attributed to weak performance in the North American market. Looking ahead, Halliburton anticipates a $0.02 to $0.03 per share earnings hit in Q2, primarily driven by tariffs and decreased oilfield activity.
Insightful Wall Street Analysts' Forecast
According to projections from 25 analysts, Halliburton's stock possesses an average one-year price target of $32.61. This projection includes a high estimate of $50.00 and a low estimate of $23.00. These assessments imply a potential upside of 55.65% from the current trading price of $20.95. Investors seeking a deeper dive into these forecasts can explore more detailed information on the Halliburton Co (HAL, Financial) Forecast page.
Additionally, insights from 28 brokerage firms provide Halliburton with an average brokerage recommendation of 2.1, indicating an "Outperform" status. This rating operates on a scale from 1 to 5, where 1 represents a Strong Buy and 5 denotes a Sell.
Examining Halliburton's GF Value Estimate
Based on evaluations from GuruFocus, the GF Value for Halliburton Co. in the upcoming year is projected to be $38.34. This estimate indicates a promising upside potential of 83.01% from its current price of $20.95. The GF Value metric is derived from the historical trading multiples of the stock, alongside past business growth and future performance expectations. Investors interested in a comprehensive overview can find additional data on the Halliburton Co (HAL, Financial) Summary page.
