Stifel reiterates Buy rating on Halliburton stock citing strong operator performance

Investing.com - Stifel maintained its Buy rating on Halliburton (NYSE:HAL) stock on Monday, highlighting the oilfield services company’s strong performance with operators. According to InvestingPro data, analysts broadly share this positive outlook, with the stock currently trading at $22.23 and showing potential upside based on the Fair Value model.

The investment firm noted that Kimberlite research emphasized Halliburton’s premium pricing position while still maintaining value advantages for customers in the energy sector.

According to Stifel’s analysis, operators continue to highlight Halliburton’s leadership in equipment reliability and technological support, despite the company slightly lagging in completion efficiency metrics.

The research indicates Halliburton has established solid positioning among large exploration and production (E&P) operators based on Kimberlite’s industry assessment.

Stifel observed that Halliburton is living up to the market perception of "costing more but worth it" and maintains leadership in digital automation technologies within the oilfield services industry.

In other recent news, Halliburton reported a decline in revenue for the fourth consecutive quarter, attributed to persistent low drilling activity. UBS lowered its price target for Halliburton to $20 from $21, maintaining a Neutral rating due to ongoing margin challenges. The firm noted that the company’s second-quarter earnings missed expectations, with third-quarter implied adjusted operating income tracking approximately 12% below previous forecasts. Meanwhile, S&P Global Ratings revised Halliburton’s outlook to stable from positive, citing expectations of declining credit measures this year and only modest improvement in 2026. Freedom Broker also adjusted its price target for Halliburton to $32 from $35, maintaining a Buy rating despite the drilling slump affecting performance. In contrast, Melius Research initiated coverage on Halliburton with a Buy rating and a price target of $41, highlighting the company’s strong global presence. Additionally, Halliburton announced a quarterly dividend of $0.17 per share, consistent with previous payouts. These developments provide insight into the current financial and operational landscape of Halliburton.

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