Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
HAL will design wells for GeoFrame's lithium extraction and geothermal project in East Texas, reducing U.S. reliance on lithium imports.
Halliburton teams up with Petronas to deploy next-gen modeling tools to speed up exploration, enhance accuracy and boost reservoir management.
Middle East tensions/conflict have made petroleum-related stocks attractive again as a group in June, prompting me to increase portfolio exposure for weeks running. Halliburton is quite undervalued historically, given oil/gas prices are headed higher in a long-term cycle upturn. HAL boasts less debt than in the past, solid free cash flow generation, and an abnormally high dividend yield, positioning it well for future upside.
In the latest trading session, Halliburton (HAL) closed at $22.19, marking a +2.02% move from the previous day.
HAL to deliver integrated well services and rigless solutions to boost Repsol UK's North Sea production and decommissioning efficiency.
ABERDEEN, Scotland--(BUSINESS WIRE)--Repsol Resources UK (OTC: REPYF) awarded Halliburton (NYSE: HAL) a 5-year contract to support the full well lifecycle on their platform assets in the UK North Sea. Halliburton will provide subsurface technology, drilling and completion services, and digital solutions for major new developments. The company will deliver a rigless intervention framework that enables Repsol Resources UK to optimize well construction, production, and intervention to maximize plu.
In the latest trading session, Halliburton (HAL) closed at $19.97, marking a +0.3% move from the previous day.
HAL debuts EarthStar 3DX, the industry's first 3D horizontal look-ahead resistivity tool, enabling earlier formation detection for better drilling outcomes.
HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) launched EarthStar® 3DX, the industry's first 3D horizontal look-ahead resistivity service. The technology provides operators with geological insights into horizontal wells up to 50 ft before penetration by the bit. The capability to gather real-time data allows operators to identify hazards and make informed decisions. “EarthStar 3DX service is the latest example of Halliburton's leadership in reservoir mapping technology,” said Jim Collins, vi.
HAL and Rhino Resources complete delivery of two exploration wells offshore Namibia, marking the first fully in-country completion.
I rate Halliburton as a Hold with a $21 price target based on a 2025 adjusted EPS of $2.33, reflecting bearish oil price outlook. Economic uncertainty, potential U.S. recession, and OPEC+ production increases contribute to a bearish outlook for the oil field service sector through 2025. Halliburton's revenues and margins are pressured by lower oil prices, with significant downside risks if WTI falls below $55 per barrel.