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Investing.com - Stifel lowered its price target on Halliburton (NYSE:HAL) stock to $29.00 from $31.00 on Tuesday, while maintaining a Buy rating on the oil services company. According to InvestingPro analysis, Halliburton appears undervalued, trading at an attractive P/E ratio of 8.9x.
The firm cited the need for earnings estimates to bottom out before oil service company stocks can gain significant traction, despite their currently "cheap" appearance.
Stifel reduced its 2025-26 forecasts for Halliburton but suggested the company’s outlook and second-half 2025 guidance could mark the end of downward revisions for the stock.
The research firm emphasized that Halliburton is expected to generate solid free cash flow and continue returning cash to shareholders through dividends and stock buybacks.
Stifel analysts believe the risk/reward profile for Halliburton stock remains "compelling" for value investors despite the reduced price target.
In other recent news, Halliburton Company announced its second-quarter 2025 financial results, revealing a slight miss on earnings per share (EPS) forecasts. The company reported an EPS of $0.55, which fell short of the anticipated $0.56. However, Halliburton exceeded revenue expectations with a total of $5.51 billion, surpassing the forecasted $5.41 billion. These results are part of the company’s ongoing financial developments. While the EPS miss might concern some investors, the revenue achievement showcases Halliburton’s capability to generate higher-than-expected sales. The company’s performance continues to be closely monitored by investors and analysts alike.
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