Barclays Cuts Halliburton (HAL) Price Target to $51
Key Points
- Barclays reaffirmed its Overweight rating on Halliburton Company on October 21, 2026, moving its price target from $53.00 to $51.00.
- Barclays's $51 price target implies 53.06% upside from Halliburton Company's ($HAL) current $33.32 share price.
- Halliburton Company recently traded around $33.32 as of October 22, 2026, with trailing twelve-month revenue reaching $22.37 billion.
- Wall Street maintains a general buy consensus on the energy services provider ahead of its next earnings report scheduled for January 20, 2027.
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Barclays maintained its Overweight rating on Halliburton Company on October 21, 2026, while lowering its price target from $53.00 to $51.00. The research note was issued on the same day the energy services firm closed at $33.99.
HAL
Halliburton Company
Barclays's Call on Halliburton Company
In its October 21, 2026 update, Barclays kept an Overweight rating on the stock while trimming the target from $53.00 down to $51.00. The firm's forward-looking view keeps a positive stance on the shares despite the reduced target level.
Other Institutional Activity in Halliburton Company
Institutional investors adjusted their positions ahead of the move. Carrhae Capital reduced its holdings by 284,124 shares, ending with 442,069 shares worth about $14.06 million. AQR Capital Management, LLC grew its holdings by 4,799,370 shares, ending with 11,869,743 shares worth roughly $387.43 million for a 67.9% increase. Qube Research & Technologies Ltd added 5,563,698 shares to hold 11,127,397 shares valued at about $363.20 million, doubling its stake. Citigroup Inc. lifted its stake by 1,083,616 shares to finish with 10,498,175 shares worth approximately $342.66 million, marking an 11.5% increase.
Halliburton Company Stock Up 1.0%
Shares of Halliburton Company recently traded around $33.32 as of October 22, 2026. The stock closed at $33.99 on the day of the Barclays update.
$HAL price target
Halliburton Company daily closes and this analyst's $51 target. Not advice.
Recent Earnings
For its trailing twelve-month period, Halliburton generated $22.37 billion in revenue and reported $1.90 in earnings per share, with a net profit margin of 7.2%. The company's next earnings report is slated for January 20, 2027.
Dividend
Halliburton pays an annual dividend rate of $0.68 per share, which translates to a dividend yield of 2.06% based on a payout ratio of 35.8%.
Insider Buying and Selling at Halliburton Company
Company insiders completed several open-market sales prior to the analyst update. Chief Operating Officer Jeffrey Shannon Slocum sold 16,121 shares on August 18, 2026, at $35.08 per share for a total value of $565,573. Chief Executive Officer Jeffrey Allen Miller sold 124,483 shares on August 18, 2026, at $35.00 per share totaling $4,356,905. Mr. Slocum sold another 52,572 shares on August 19, 2026, at $35.09 per share for $1,844,751. Chief Financial Officer Eric Carre sold 24,777 shares on August 31, 2026, at $37.50 per share for $929,138.
Analysts Set New Price Targets
Other Wall Street firms updated their views around the same time. On September 14, 2026, UBS maintained its Neutral rating and lifted its target from $39.00 to $42.00. Piper Sandler maintained an Overweight rating on October 19, 2026, moving its target from $43.00 to $42.00. On October 21, 2026, Jefferies maintained a Buy rating and raised its target from $47.00 to $48.00, while RBC Capital maintained an Outperform rating and lifted its target from $45.00 to $46.00. Overall, the stock carries a consensus buy recommendation from 24 analysts with a mean price target of $43.25.
About Halliburton Company
Headquartered in Houston, Texas, Halliburton Company operates globally as an oilfield services provider. The company delivers products and technical support through its Completion and Production and its Drilling and Evaluation segments to energy producers worldwide.
Bottom Line
Barclays remains positive on Halliburton with an Overweight rating despite lowering its target to $51.00. Investors will look toward the company's next earnings release on January 20, 2027, for further insight into operating margins and service demand.
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Source: Barclays's rating change on $HAL (Oct 21, 2026). Written by software, not financial advice. How we make alerts