-+ 0.00%
-+ 0.00%
-+ 0.00%

These Analysts Revise Their Forecasts On Halliburton Following Q3 Results

Benzinga·10/21/2026 16:03:38
Listen to the news

Halliburton Co. (NYSE:HAL) on Tuesday reported better-than-expected third-quarter earnings and revenue.

Halliburton reported third-quarter revenue of $5.703 billion, up about 2% year over year and above the $5.572 billion analyst estimate. Adjusted earnings of 60 cents per share beat the 58-cent consensus estimate.

The company also outlined plans to improve profitability in 2027 without relying on a recovery in North American hydraulic fracturing.

“I am pleased with Halliburton’s third quarter results. Our revenue exceeded our expectations, and we took important steps towards improving our margins,” commented Jeff Miller, Chairman, President and CEO.

Halliburton shares rose 1.8% to trade at $38.64 on Wednesday.

These analysts made changes to their price targets on Halliburton following earnings announcement.

  • RBC Capital analyst Keith Mackey maintained the stock with an Outperform rating and raised the price target from $45 to $46.
  • Barclays analyst David Anderson maintained the stock with an Overweight rating and lowered the price target from $53 to $51.

Photo via Shutterstock