Halliburton stock takes a rating cut as target stays at USD 43.24

Published on 10/03/2026 at 23:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Halliburton stock faced a Wall Street Zen downgrade on October 3, 2026, while the consensus target stood at USD 43.24. Q2 revenue reached USD 5.71 billion.

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Halliburton stock (ISIN US4062161017) closed at USD 31.85 on the NYSE on October 2, 2026, down USD 0.03 or 0.09 percent from the previous close. The immediate catalyst was a rating cut, while the average analyst target remained materially above the market price.

Rating cut meets higher target

According to MarketBeat on October 3, 2026, Wall Street Zen downgraded Halliburton from Buy to Hold. The same report said the broader consensus was Moderate Buy, with 18 Buy ratings, six Holds and one Sell.

MarketBeat put the average price target at USD 43.24. That target lies 35.8 percent above the USD 31.85 closing price, giving the analyst view a clear gap to the traded level without turning the difference into a forecast.

Q2 results beat consensus

Halliburton's latest reported quarter was Q2 2026. Fortune reported adjusted operating margin of 12 percent, operating cash flow of USD 824 million and free cash flow of USD 668 million for the quarter.

MarketBeat said adjusted EPS was USD 0.55 against a USD 0.54 consensus estimate. Revenue reached USD 5.71 billion versus expectations of USD 5.50 billion, an increase of 3.7 percent from the same quarter a year earlier.

The earnings mix also matters. Fortune reported international revenue of USD 3.4 billion, up 6 percent year over year, while North America revenue was USD 2.3 billion and flat year over year. Halliburton also guided to Completion and Production revenue ranging from flat to down 2 percent sequentially and Drilling and Evaluation revenue down 3 to 5 percent for Q3.

Stock remains below yearly high

Halliburton's market capitalization was USD 26.6 billion as of October 2, 2026. Its 52-week range was USD 21.46 to USD 43.59, placing the closing price USD 11.74 below the yearly high and USD 10.39 above the yearly low.

Yahoo Finance listed October 20, 2026 as Halliburton's next earnings date. For investors, the next report will test whether international growth and margin improvement can offset the Q3 revenue pressure signaled by management.

Halliburton stock carries a wide range

Halliburton stock closed at USD 31.85 on the NYSE on October 2, 2026, with volume of 8,092,378 shares and a daily change of -0.09 percent. The valuation gap to the USD 43.24 consensus target and the distance from the USD 43.59 yearly high remain the key market reference points.