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In a challenging market environment, Halliburton Co (NYSE:HAL)’s stock has touched a 52-week low, with shares falling to $25.16. The oilfield services giant, known for its diverse portfolio in energy services and boasting a market capitalization of $21.9 billion, has faced significant headwinds over the past year, reflected in a notable 1-year decline of 28.06%. According to InvestingPro analysis, the stock appears undervalued at current levels, trading at an attractive P/E ratio of 8.9x while offering a dividend yield of 2.58%. Investors and analysts are closely monitoring the company’s performance as it navigates through the volatile energy sector, which has been impacted by fluctuating oil prices and geopolitical tensions. The current price level presents a critical juncture for Halliburton as it strives to adapt and potentially rebound from this low point. InvestingPro data reveals that the company has maintained dividend payments for an impressive 55 consecutive years, demonstrating remarkable financial stability. For deeper insights into Halliburton’s valuation and 10+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Halliburton has declared a first-quarter dividend of $0.17 per share, scheduled for distribution on March 26, 2025. This announcement is part of Halliburton’s ongoing practice of returning value to its shareholders. Additionally, Halliburton secured a significant contract with Petrobras to provide integrated drilling services in Brazil, utilizing advanced technologies like the iCruise® intelligent rotary steerable system and LOGIX™ automation platform. The contract spans three years and marks Halliburton’s most extensive service agreement with Petrobras, enhancing its presence in Brazil’s offshore drilling sector.
In analyst updates, Benchmark has lowered Halliburton’s stock price target from $40 to $35, citing revised revenue and EBITDA forecasts for 2025. Stifel also adjusted its price target to $37 from $42, while maintaining a Buy rating, highlighting challenges in Mexico and pricing pressures in North America. Goldman Sachs revised its price target to $34, emphasizing Halliburton’s commitment to technological innovation and its potential to boost profit margins. Despite these adjustments, analysts remain optimistic about Halliburton’s long-term growth prospects, supported by strong free cash flow and technological advancements.
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