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Investing.com - Stifel lowered its price target on Halliburton (NYSE:HAL) stock to $29.00 from $31.00 on Wednesday, while maintaining a Buy rating on the oil services company. The stock, currently trading at $21.39, appears undervalued according to InvestingPro analysis, with analyst targets ranging from $20 to $35.
The firm reduced its 2025-26 forecasts for Halliburton but expressed optimism that the company’s upcoming second-quarter earnings report could mark the end of downward revisions for the stock.
Stifel noted that while oil service company shares appear "cheap," estimates need to reach bottom before stocks can gain significant traction in the market.
Despite the lowered price target, Stifel believes the risk/reward profile for Halliburton remains "compelling for value investors" at current levels.
The firm expects Halliburton to continue generating solid free cash flow and returning cash to shareholders through dividends and stock buybacks, supporting its maintained Buy recommendation.
In other recent news, Halliburton reported its second-quarter 2025 earnings, revealing a slight miss on earnings per share (EPS) forecasts while exceeding revenue expectations. The company posted an EPS of $0.55, just below the forecasted $0.56, and achieved a revenue of $5.51 billion, surpassing the expected $5.41 billion. Stifel recently adjusted its price target for Halliburton stock, lowering it to $29.00 from $31.00, while maintaining a Buy rating. The firm noted the necessity for earnings estimates to bottom out before oil service company stocks can gain significant traction. These developments highlight the mixed performance and outlook for Halliburton, with revenue growth contrasting with the slight EPS miss. Investors are closely monitoring these factors as they evaluate the company’s future prospects.
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