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Investing.com - Stifel raised its price target on Halliburton (NYSE:HAL) to $32.00 from $27.00 on Wednesday, while maintaining a Buy rating on the oilfield services company. Currently trading at $25.24, InvestingPro analysis suggests the stock is undervalued, with a P/E ratio of 11.87 and strong financial health metrics.
The price target increase follows Halliburton’s stronger-than-expected third-quarter 2025 EBITDA, which exceeded Stifel’s estimate by 7.6%. The company, with an impressive EBITDA of $4.435 billion over the last twelve months, also provided fourth-quarter 2025 EBITDA guidance approximately 9%-10% above Stifel’s pre-release forecast. InvestingPro data reveals the company has maintained dividend payments for 55 consecutive years, demonstrating consistent financial strength.
Halliburton announced a strategic collaboration with VoltaGrid, acquiring approximately 20% of the company. This partnership represents a significant strategic move for the oilfield services provider.
Stifel highlighted the strength in Halliburton’s third-quarter Completion & Production margins, along with favorable fourth-quarter margin guidance and ongoing cost-reduction initiatives as key factors behind the revised outlook.
Based on these developments, Stifel increased its 2026 EBITDA estimate for Halliburton by 7.4%, supporting the higher price target while maintaining its positive view on the stock.
In other recent news, Halliburton reported strong financial results for the third quarter of 2025, with earnings per share (EPS) of $0.58, surpassing the forecasted $0.50. The company’s revenue reached $5.6 billion, exceeding expectations of $5.39 billion. Following these results, several analyst firms have adjusted their outlooks on Halliburton. Evercore ISI raised its price target to $28.00, citing the company’s resilience and strong cost control measures. HSBC upgraded Halliburton’s stock rating from Hold to Buy, raising its price target to $30.00 due to better-than-expected margin guidance. RBC Capital also upgraded the stock to Outperform, increasing the price target to $31.00, reflecting a more positive outlook based on strong third-quarter results. Additionally, TD Cowen raised its price target to $38.00, maintaining a Buy rating, after Halliburton’s earnings beat and positive guidance for the fourth quarter. These developments indicate a favorable analyst sentiment towards Halliburton’s recent performance and future prospects.
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