Stifel has revised its outlook on Halliburton (HAL, Financial), reducing the price target for the company's stock to $32, down from the previous target of $37. Despite maintaining a Buy rating, the adjustment comes in the wake of Halliburton's slightly underwhelming first-quarter performance and less-than-optimistic guidance for the second quarter.
This cautious stance is influenced by ongoing uncertainties, particularly those associated with international trade tariffs and strategic moves by OPEC+. These factors have prompted Stifel to lower its EBITDA projections for Halliburton for the years 2025-2026.
The adjustments signal a more vigilant approach to Halliburton's future prospects, as the firm navigates an unpredictable economic environment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for Halliburton Co (HAL, Financial) is $31.77 with a high estimate of $50.00 and a low estimate of $23.00. The average target implies an upside of 53.47% from the current price of $20.70. More detailed estimate data can be found on the Halliburton Co (HAL) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Halliburton Co's (HAL, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Halliburton Co (HAL, Financial) in one year is $38.34, suggesting a upside of 85.22% from the current price of $20.7. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Halliburton Co (HAL) Summary page.
