Halliburton (HAL) Q4 Non-GAAP EPS of $0.69 Beats Estimates with $5.66B Revenue

Written by Emily J. Thompson, Senior Investment Analyst

HAL-1.57%

Source: seekingalpha

Updated: 1h ago

0mins

Source: seekingalpha

Earnings Beat: Halliburton reported a Q4 Non-GAAP EPS of $0.69, exceeding expectations by $0.14, which reflects the company's robust performance in the oil and gas sector and boosts investor confidence.
Revenue Growth: The company achieved Q4 revenue of $5.66 billion, a 0.9% year-over-year increase, surpassing estimates by $250 million, indicating its competitive strength and sustained customer demand in the market.
Stock Reaction: Following the earnings release, Halliburton's shares rose by 1.3%, demonstrating a positive market response to its financial results, which may attract more investor interest.
Future Outlook: Despite facing short-term challenges, Halliburton's CEO expresses optimism about a swift return to the Venezuelan market, indicating the company's proactive strategic positioning in global markets.

HAL

$32.06+Infinity%1D

Analyst Views on HAL

Wall Street analysts forecast HAL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HAL is 32.31 USD with a low forecast of 28.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

18 Analyst Rating

12 Buy

6 Hold

0 Sell

Moderate Buy

Current: 32.570

Low

28.00

Averages

32.31

High

39.00

Current: 32.570

Low

28.00

Averages

32.31

High

39.00

Susquehanna

Positive

maintain

$29 -> $36

Al Analysis

2026-01-07

Reason

Susquehanna

Price Target

$29 -> $36

Al Analysis

2026-01-07

maintain

Positive

Reason

Susquehanna raised the firm's price target on Halliburton to $36 from $29 and keeps a Positive rating on the shares. With U.S. rig and frac spread count flattish from Q3 levels heading into Q4 earnings season for the oilfield services sector, U.S. drilling and completions activity "appears to have held in better than most were expecting," the analyst tells investors in a group preview.

TD Cowen

Buy

upgrade

$38 -> $39

2026-01-07

Reason

TD Cowen

Price Target

$38 -> $39

2026-01-07

upgrade

Buy

Reason

TD Cowen raised the firm's price target on Halliburton to $39 from $38 and keeps a Buy rating on the shares. The firm adjusted targets in the oilfield services group as part of a Q4 preview. Many oilfield stocks have responded positively to the capture of Nicolas Maduro, anticipating increased oilfield investment in Venezuela, the analyst tells investors in a research note. However, TD thinks it will take a long time and require a lot of guarantees from the U.S. government for U.S. companies to commit capital. It says the stock rallies on the news may be overdone. However, many names in the group remain "cheap," the firm adds.

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Freedom Capital

Hold

Sell

downgrade

$32

2026-01-06

Reason

Freedom Capital

Price Target

$32

2026-01-06

downgrade

Hold

Sell

Reason

Freedom Capital downgraded Halliburton to Sell from Hold with a $32 price target. The "euphoria" in the U.S. oil and gas sector triggered by the U.S. operation in Venezuela is "unjustified," contends the analyst, who calls rising oil and gas equities amid declining oil prices "a dangerous game for investors." The sharp rally in U.S. oil and gas stocks over recent months shows little regard for the sector's negative fundamental backdrop, marked by falling oil prices and an oversupplied market, the analyst argues.

Evercore ISI

Outperform -> In Line

downgrade

$28 -> $35

2026-01-06

Reason

Evercore ISI

Price Target

$28 -> $35

2026-01-06

downgrade

Outperform -> In Line

Reason

Evercore ISI downgraded Halliburton to In Line from Outperform with a price target of $35, up from $28. The firm says its positive thesis on the company is now better reflected in the stock's valuation. It cites Halliburton's exposure to continued headwinds in the U.S. land for the downgrade.

About HAL

Halliburton Company is a provider of products and services to the energy industry. The Company operates through two segments: Completion and Production and the Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and completion products and services. The segment consists of artificial lift, cementing, completion tools, pipeline and process services, production enhancement, and production solutions. The Drilling and Evaluation segment provides field and reservoir modeling, drilling fluids, evaluation and precise wellbore placement solutions that enable customers to model, measure, drill, and optimize their well construction activities. Its product service lines include Baroid, drill bits and services, Halliburton project management, landmark software and services, Sperry drilling, testing and subsea and wireline and perforating.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.