Freedom Broker Raises Halliburton (HAL) Price Target to $40
Key Points
- Freedom Broker raised its price target on Halliburton Company to $40.00 from $37.00 on October 22, 2026, while keeping a Buy rating on the energy stock.
- Freedom Broker's $40 price target implies 21.73% upside from Halliburton Company's ($HAL) current $32.86 share price.
- Carrhae Capital trimmed its position by 284,124 shares, ending with 442,069 shares worth about $14.1 million.
- Halliburton Company closed at $33.19 on October 22, 2026, and trades with an annual dividend rate of $0.68 per share.
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Freedom Broker raised its price target on Halliburton Company to $40.00 from $37.00 on October 22, 2026, while keeping a Buy rating on the shares. The firm delivered its updated research note on October 22, 2026, pointing to a higher valuation path for the oilfield services provider. Halliburton closed at $33.19 on the day of the announcement.
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Halliburton Company
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Freedom Broker's Call on Halliburton Company
Freedom Broker adjusted its outlook by lifting the target price from $37.00 to $40.00 while maintaining a Buy rating. The firm's forward-looking evaluation puts a brighter lens on the company's prospects in the energy sector.
Other Institutional Activity in Halliburton Company
Institutional investors have been adjusting their portfolios around Halliburton. Carrhae Capital reduced its holdings by 284,124 shares, ending with 442,069 shares worth about $14.1 million. Meanwhile, AQR Capital Management, LLC grew its holdings by 4,799,370 shares, ending with 11,869,743 shares worth about $394.0 million. Qube Research & Technologies Ltd added 5,563,698 shares for a new total of 11,127,397 shares valued at roughly $369.3 million. Citigroup Inc. lifted its stake by 1,083,616 shares to finish with 10,498,175 shares worth about $348.4 million.
Halliburton Company Stock Down 0.4%
Halliburton shares recently traded around $32.86 as of October 22, 2026. The stock closed at $33.19 on the day of the rating change. The shares move within a 52-week range of $24.92 and $43.59.
$HAL price target
Halliburton Company daily closes and this analyst's $40 target. Not advice.
Recent Earnings
Halliburton Company reported trailing-twelve-month revenue of $22.37 billion alongside basic earnings of $1.90 per share. The company operates across completion, production, drilling, and evaluation segments worldwide.
Dividend
Eligible shareholders receive an annual dividend rate of $0.68 per share, giving the stock a dividend yield of 2.06% based on recent trading levels.
Insider Buying and Selling at Halliburton Company
Company insiders executed several transactions ahead of the rating update. Chief Operating Officer Jeffrey Shannon Slocum sold 16,121 shares on August 18, 2026, at an average price of $35.08 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 for roughly $4.4 million. Jeffrey Shannon Slocum later sold 52,572 shares on August 19, 2026, at $35.09 per share totaling $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
Wall Street firms continue to update their views on the stock alongside Freedom Broker. Jefferies maintained a Buy rating with a target of $48.00 on October 21, 2026, moving up from $47.00. Barclays kept an Overweight rating on October 21, 2026, while adjusting its target to $51.00 from $53.00. RBC Capital maintained an Outperform rating on October 21, 2026, raising its target from $45.00 to $46.00. UBS kept a Neutral rating on October 22, 2026, lowering its target to $41.00 from $42.00.
About Halliburton Company
Based in Houston, Texas, Halliburton Company provides oil and natural gas field services and equipment to energy producers across the globe. The company helps drillers evaluate underground formations, manage well construction, and optimize production through two primary operating segments.
Bottom Line
Investors will look toward Halliburton's next earnings report on January 20, 2027, for further insight into segment margins and operational execution. Market participants continue to track institutional rebalancing and analyst adjustments across the energy services sector.
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Source: Freedom Broker's rating change on $HAL (Oct 22, 2026). Written by software, not financial advice. How we make alerts