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HAL

Halliburton Company

NYSE: HAL · ENERGY · OIL & GAS EQUIPMENT & SERVICES

$41.81
+2.45% today

Updated 2026-04-29

Market cap
$34.93B
P/E ratio
23.10
P/S ratio
1.58x
EPS (TTM)
$1.81
Dividend yield
1.67%
52W range
$19 – $42
Volume
15.8M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Halliburton Company (HAL) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$41.81
Consensus
$34.71
-16.98%
2030 Target
$385.52
+822.08%
DCF
$46.37
+24.46% MoS
17 analysts:
5 Buy5 Hold2 Sell

Management guidance

No specific CEO revenue targets found in available data. Management has not publicly announced concrete revenue guidance for 2026-2030 period. Company is pursuing strategic M&A (Sekal acquisition for drilling automation) and partnerships (PETRONAS Suriname, Pertamina) to drive higher-margin growth, but no quantified revenue targets disclosed.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$645.07
$27.1B Rev × 20x P/S
Base case (2030)
$385.52
$27.1B Rev × 12x P/S
Bear case (2030)
$255.74
$27.1B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$23.0B$22.9B$22.2B$21.9B$22.7B$23.9B$25.4B$27.1B
Revenue growth—-0.3%-3.3%-1.5%3.7%5.4%6.3%6.7%
EPS$3.14$2.99$2.42$2.25$2.70$3.10$3.55$4.05
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$312.99$324.45$339.71$362.62$385.52

Catalysts & risks

Growth catalysts
+ PETRONAS Suriname strategic collaboration agreement for offshore asset development
+ Sekal AS acquisition integration to enhance digital drilling automation and reduce well delivery times by up to 25%
+ Venezuela operations restart as U.S. sanctions ease, potential for significant revenue uplift
+ Pertamina MOU for Indonesian unconventional energy development
+ Strong North America drilling activity resilience despite geopolitical tensions
Key risks
- Capital Research Global Investors reduced stake from 13.1% to 6.7%, signaling potential institutional confidence decline
- Revenue declined 3.31% YoY in 2025 ($22.18B vs $22.94B in 2024), indicating cyclical headwinds
- Oil price volatility and Iran conflict uncertainty impacting customer spending decisions
- Analyst consensus shows modest near-term growth (3.74% in 2027) with downgrades in recent months
- Insider selling activity and mixed sentiment despite strategic initiatives

Methodology

Halliburton Company's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 17 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.