
Halliburton (HAL) Stock Forecast & Price Target
Halliburton (HAL) Analyst Ratings
Bulls say
Halliburton, as North America's largest oilfield-services company, maintains a dominant position in the hydraulic fracturing and completions market, which constitutes nearly half of its revenue. The company’s operational longevity and material science expertise have enabled it to innovate effectively, reducing development costs for producers, which bodes well for future profitability. Anticipated catalysts, such as higher commodity prices, stronger service pricing, and improved utilization, combined with projected free cash flow of $1.8 billion in 2026, contribute to a positive financial outlook for Halliburton.
Bears say
The financial outlook for Halliburton is negatively impacted by projected revenue declines, with guidance suggesting a decrease of 2% quarter-over-quarter at the mid-point, translating into adjusted EBITDA estimates falling short of market expectations for both 2025 and 2026. Additionally, the company anticipates significant year-over-year revenue contractions in both its North American and international markets due to reduced activity and pricing pressures, leading to operating margin declines. Increased corporate expenses and tariffs further exacerbate the financial strain, with expectations of greater net debt in relation to EBITDA, signaling potential challenges in managing financial stability moving forward.
This aggregate rating is based on analysts' research of Halliburton and is not a guaranteed prediction by Public.com or investment advice.
Halliburton (HAL) Analyst Forecast & Price Prediction
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