Affirm stock soars as Q1 earnings smash expectations, guidance lift
Investing.com - Rothschild Redburn initiated coverage on Halliburton (NYSE:HAL) with a Buy rating and a $35.00 price target, implying a potential 36% total shareholder return over the next 12 months. The oilfield services company, currently trading at $26.84 with a market cap of $22.59 billion, has seen a strong 32.38% price return over the past six months.
The firm notes that Halliburton, a leading provider of pressure pumping services in North America, has been significantly impacted by the slowdown in U.S. shale activity, with 2025-26 earnings estimates already reduced by 19-25% year-to-date. Despite these challenges, InvestingPro data shows the company maintains a healthy financial position with liquid assets exceeding short-term obligations.
Despite these challenges, Rothschild Redburn believes limited further downgrades are expected for 2026 and anticipates Halliburton’s operating leverage will drive a meaningful recovery in EBITDA by 2027, with their estimates approximately 6% above consensus.
According to the firm’s analysis, Halliburton’s EV/EBITDA ratio is projected to decrease from 7.1x in 2025 to 5.6x by 2028, approximately 26% below its long-run average.
The $35 price target is derived from Rothschild Redburn’s discounted cash flow analysis of the oilfield services company.
In other recent news, Halliburton’s third-quarter 2025 results have prompted several analysts to adjust their ratings and price targets for the company. RBC Capital upgraded Halliburton from Sector Perform to Outperform, raising its price target to $31.00 due to the company’s strong quarterly performance, which led to an upward revision of adjusted EBITDA estimates for the coming years. Stifel also increased its price target to $32.00, citing Halliburton’s stronger-than-expected third-quarter EBITDA and optimistic fourth-quarter guidance. Evercore ISI raised its target to $28.00, maintaining an Outperform rating, and noted the company’s resilience in managing cost controls despite late-quarter declines in North American activity. Piper Sandler adjusted its price target to $27.00, maintaining a Neutral rating, acknowledging Halliburton’s strong operational execution. Additionally, Halliburton announced a framework agreement with Shell for its Remote Operated Control System (ROCS) technology, following a successful trial phase in the Gulf of America. The company also revealed a collaboration with VoltaGrid to develop international data center solutions. These developments highlight Halliburton’s strategic partnerships and operational strength in the current market.
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