Barclays cuts Halliburton stock price target to $26 from $29

Published 22/04/2025, 22:30
Barclays cuts Halliburton stock price target to $26 from $29

On Tuesday, Barclays (LON:BARC) maintained an Equalweight rating on Halliburton (NYSE:HAL) but reduced the price target for the company’s shares from $29.00 to $26.00. The adjustment follows a cautious stance by the firm due to a challenging start to the earnings season. According to InvestingPro analysis, Halliburton appears undervalued at its current price of $20.70, with analyst targets ranging from $23 to $38.

The research firm’s analysts noted a reduction in their earnings projections for 2025 and 2026 by 8%, citing margin pressures. Halliburton expressed confidence that its international land and offshore operations would remain stable throughout the year. However, there was no clear guidance provided for North America as exploration and production companies (E&Ps) are weighing their options in the current environment.

Barclays also reduced its second-half completion and production (C&P) revenue and margin forecasts for Halliburton. The analysts emphasized that further risks to the downside could emerge, depending on the trajectory of oil prices in the near future.

The revised price target reflects the analysts’ concerns about the potential impact of these factors on Halliburton’s financial performance. Halliburton, a leading service provider to the energy industry, has yet to respond publicly to the updated analysis from Barclays. The company’s stock performance in the coming quarters could be influenced by how it navigates the challenges outlined by the analysts.

In other recent news, Halliburton Company reported its Q1 2025 financial results, revealing a mixed performance. The company’s earnings per share (EPS) fell slightly short of expectations at $0.60, compared to the forecast of $0.61. However, Halliburton exceeded revenue projections, reporting $5.4 billion against the anticipated $5.28 billion. Despite the revenue beat, the earnings miss and other market uncertainties led to a decline in investor sentiment. The company continues to focus on innovation and strategic acquisitions to enhance its competitive position. Analyst discussions highlighted concerns over potential slowdowns in North American activity and challenges in the Mexican market. Halliburton also anticipates flat to slightly down international revenue for the year, with expected solid free cash flow and plans to return at least $1.6 billion to shareholders.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.