Halliburton (NYSE: HAL) Price Target Raised Amid Strong Financial Performance

Font: Financial Modeling Prep  • Apr 26, 2026

• An analyst from Jefferies has increased the price target for Halliburton (NYSE: HAL) to $47, suggesting a potential 16.45% upside from its previous trading price of $40.36.
• The oilfield services giant reported stronger-than-expected first-quarter 2026 earnings, with adjusted EPS of $0.55 and revenue of $5.4 billion, both surpassing analyst forecasts.
• The company demonstrated significant financial health improvement, marked by a 126% year-over-year increase in net income and robust growth in operating income and free cash flow, largely driven by strong international business expansion.

An analyst from Jefferies has increased the price target for Halliburton (NYSE: HAL) to $47. Halliburton is a major oilfield services company with a market capitalization of approximately $33.71 billion. It provides services and products to the energy industry for the exploration, development, and production of oil and natural gas.

The new price target was set when Halliburton was trading at $40.36 per share. This updated target suggests a potential increase of about 16.45% from that price. The stock has shown strong momentum, with its price over the last 52 weeks ranging from a low of $19.22 to a high of $41.18.

This positive outlook is supported by the company's recent financial performance. As highlighted by 24/7 Wall St., Halliburton reported stronger-than-expected first-quarter 2026 earnings. Its adjusted earnings per share (EPS) were $0.55, which was over 10% higher than the estimated $0.50. Revenue also beat expectations, coming in at $5.4 billion.

The company's financial health shows significant improvement. Net income increased by nearly 126% year-over-year to $461 million, while operating income grew by over 57% to $679 million. Free cash flow, the cash left after paying for operations and investments, also rose by 64% to $123 million, indicating strong cash generation.

A key driver for this growth was strong international business. As noted by 24/7 Wall St., revenue from Latin America surged by 22%, driven by increased activity. The company's Drilling & Evaluation segment generated $2.39 billion in revenue, while its Completion & Production segment brought in $3.02 billion, with both divisions outperforming forecasts.