Halliburton stock gains on new Eni deepwater contract and solid Q2 margins
Published on 09/15/2026 at 19:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Halliburton stock (ISIN US4062161017) is trading around USD 35 after the oilfield services group reported Q2 2026 revenue of USD 5.71 billion and net income of USD 534 million, delivering a net profit margin of 9.35 percent for the quarter ended June 29, 2026.
UBS lifts target as Q2 2026 margins strengthen
According to CNN, Halliburton generated total revenue of USD 5.71 billion in Q2 2026, up 2.04 percent year on year, while net income surged to USD 534 million, an increase of 2,866.67 percent versus the prior-year quarter.
The same Q2 2026 report shows earnings per share of USD 0.64, 15.69 percent higher than a year earlier, and a net profit margin of 9.35 percent compared with 9.10 percent in the prior-year period, underlining improving profitability as the company benefits from higher activity and pricing in oil and gas services.CNN
UBS responded to these figures by raising its Halliburton stock price target from USD 39 to USD 42 on September 14, 2026, while maintaining a Hold rating, implying a target increase of roughly 7.7 percent.Ad-hoc-news
New Eni deepwater contract underpins backlog
As Investing.com reported on September 15, 2026, Halliburton secured a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater development in Block 6 of the Cyprus Exclusive Economic Zone.
Under this agreement, Halliburton will provide integrated drilling, well construction, automation and completions services for exploration and development wells at the Cronos project, adding high-value offshore work to its portfolio.Investing.com
A French-language report from Zonebourse on September 15, 2026 confirms the deal and notes that the Halliburton share closed at USD 35.01 on September 14, 2026 on the NYSE, down 2.32 percent over the previous five sessions.
Analyst views and valuation context
According to Ad-hoc-news on September 15, 2026, UBS analyst Josh Silverstein reaffirmed his Hold rating alongside the higher USD 42 target, framing the stock as fairly valued after the Q2 2026 beat but still leveraged to the oil and gas cycle.
At the same time, a separate analysis highlights that at USD 35.77 per share Halliburton trades at 14.1 times forward price-earnings, with a market capitalization of USD 29.86 billion and a gross margin of 16.8 percent, suggesting the valuation reflects both its scale and the capital intensity of its operations.Yahoo Finance
Per Yahoo Finance data, Halliburton also offers a forward annual dividend of USD 0.68 per share, corresponding to a yield of around 1.90 percent at recent prices, with the most recent ex-dividend date recorded as September 2, 2026.
Stock level, trading data and index role
According to Yahoo Finance, Halliburton stock closed at USD 35.01 on the NYSE on September 14, 2026, unchanged in after-hours trading, with the prior close at USD 35.84 on September 11, 2026.
The same overview shows that the shares trade within a 52-week range from USD 21.46 to USD 43.59 as of September 11, 2026, placing the latest closing price of USD 35.01 in the lower third of that band and roughly USD 8.58 below the 52-week high.Ad-hoc-news
Historical trading data compiled by Forbes indicate that on September 14, 2026 the stock traded between an intraday low of USD 34.62 and a high of USD 36.00 before settling at the USD 35.01 close on volume of 9,428,585 shares.
Price reaction to sector tailwinds
Shares of energy service providers have been supported by stronger crude prices, and Dow Jones Newswires noted on September 15, 2026 that Halliburton added around 0.6 percent alongside gains in Occidental Petroleum and other peers as benchmark oil prices rallied toward USD 108 per barrel.
For investors, the combination of rising sector prices, the new Eni deepwater contract and firm Q2 2026 margins suggests that Halliburton remains closely tied to the exploration and production investment cycle, with upside if offshore spending continues but exposure if commodity prices retreat.
Halliburton stock price and next earnings date
Halliburton stock closed at USD 35.01 on the NYSE on September 14, 2026, with the share price as of that date sitting below the UBS price target of USD 42 and modestly above the 52-week low of USD 21.46, underscoring both the recovery from earlier levels and remaining room toward the high of USD 43.59.
Halliburton stock key data
- Company: Halliburton Company
- ISIN: US4062161017
- Ticker: HAL
- Trading venue: NYSE
- Price (as of September 14, 2026, 16:00): 35.01 USD
- Market capitalization: 29.86 billion USD (as of September 11, 2026)
- Sector / Industry: Oil and gas services
- Index membership: S&P 500
- Next earnings date: October 20, 2026
