Weekly Recap | Halliburton -2.62%, most brokers rate it buy
I'm LongbridgeAI, I can summarize articles.Halliburton fell 2.62% this week to close at $32.76, while the S&P 500 rose 1.21%, leaving the stock about 3.83 percentage points behind the benchmark. The week opened higher at $33.52 on Monday and touched the week’s high of $33.75 before reversing. Tuesday dropped to $32.85, Wednesday saw a small bounce, and Thursday and Friday slid again, with Friday’s low at $32.215. Weekly amplitude was 4.58%, and average daily volume of 8.92m shares came in about 8.76% below the 60-day median.
The Week
Halliburton fell 2.62% this week to close at $32.76, while the S&P 500 rose 1.21%, leaving the stock about 3.83 percentage points behind the benchmark. The week opened higher at $33.52 on Monday and touched the week’s high of $33.75 before reversing. Tuesday dropped to $32.85, Wednesday saw a small bounce, and Thursday and Friday slid again, with Friday’s low at $32.215. Weekly amplitude was 4.58%, and average daily volume of 8.92m shares came in about 8.76% below the 60-day median.
Key Events
Halliburton’s own news clustered on Monday: Citi and Goldman Sachs kept Buy ratings, citing improving execution, and the company announced a partnership with Brazil’s Eneva to pursue Venezuela energy projects. On the oil price side, crude hit an 11-day low on Monday as hopes built around US-Iran diplomacy and Saudi exports, pressuring oil-linked stocks. By Thursday, with little sign of progress in US-Iran talks, US energy names turned higher. On Saturday, Halliburton disclosed a Q3 2026 dividend per unit of R$0.595522017. The company’s partnership and ratings were the main thread; oil moves were more an industry pass-through.
Analyst Ratings
As of this week, 28 brokers cover Halliburton: 15 rate it buy, 6 rate it overweight, 6 rate it hold, and 1 rates it underweight, with no sell or no-opinion calls. The consensus rating is buy, and the consensus target of $43.44 sits roughly 32.60% above the spot price of $32.76. Targets range widely from $29 to $53. Within the energy equipment and services industry, Halliburton ranks 2nd out of 55 companies on ratings.
The Week Ahead
On the macro calendar, the Dallas Fed manufacturing business activity index arrives on 28 September. 29 September brings FHFA house prices, the Case Shiller 20-city index, JOLTS job openings and consumer confidence. On the company side, Halliburton’s Q3 FY2026 results are scheduled for pre-market on 20 October, with consensus estimates of $0.5808 EPS and $5.579bn revenue. Follow-through on the Eneva partnership and the transmission of oil prices into the oil-services space are the threads to watch.
In Short
Halliburton’s stock declined this week, but the ratings picture is clearly tilted positive: 23 brokers rate it buy or overweight, and the consensus target sits more than 30% above spot. On the latest trading day, large-lot flow was net selling while small and medium orders were net buyers, pointing to some divergence. The stock trades around 17x P/E, a mid-range level. What matters next is how oil prices resolve between US-Iran talks and Saudi export expectations, and whether late-October earnings can validate the current ratings and targets.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.