Halliburton Partners with Indonesia's Pertamina to Enhance Energy Supply
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Should l Buy HAL?
Source: Benzinga
- MOU Signing: Halliburton Company has signed a memorandum of understanding with Indonesia's PT Pertamina to enhance unconventional completions in the region, aiming to support Indonesia's sustainable energy transformation through advanced well construction and stimulation technologies.
- Technological Integration: This partnership is expected to leverage Halliburton's technological expertise and global experience to revitalize mature fields in Indonesia, enhancing production performance and maximizing asset value by integrating proven unconventional methodologies with localized reservoir insights.
- Strong Financial Performance: In January, Halliburton reported a fourth-quarter profit of $589 million, or 70 cents per share, with adjusted earnings exceeding analyst expectations, and revenue reaching $5.657 billion, indicating robust performance in the market.
- Analyst Rating Upgrades: Analysts responded positively to Halliburton's financial results, with Stifel maintaining a Buy rating and raising the price target from $35 to $36, while Susquehanna's Charles Minervino increased his forecast from $36 to $40, reflecting confidence in the company's strategic direction.
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Analyst Views on HAL
Wall Street analysts forecast HAL stock price to fall
18 Analyst Rating
12 Buy
6 Hold
0 Sell
Moderate Buy
Current: 38.000
Low
28.00
Averages
32.31
High
39.00
Current: 38.000
Low
28.00
Averages
32.31
High
39.00
About HAL
Halliburton Company is a provider of products and services to the energy industry. It 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. It also provides advanced drilling automation solutions.
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.
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