These Analysts Revise Their Forecasts On Halliburton After Q2 Results

Halliburton Company HAL reported mixed results for its second quarter.

Halliburton posted second-quarter FY23 revenue growth of 14.3% year-over-year to $5.798 billion, missing the consensus of $5.86 billion. Adjusted EPS was $0.77 (+57.1%), beating the consensus of $0.75.

Halliburton shares fell 2.9% to close at $37.01 on Wednesday but added 0.3% in today’s pre-market trading.

These analysts made changes to their price targets on Halliburton following earnings announcement.

• Raymond James boosted the price target on Halliburton from $46 to $47. Raymond James analyst Praveen Narra maintained a Strong Buy rating.
• Barclays lowered the price target on Halliburton from $58 to $49. Barclays analyst David Anderson maintained an Overweight rating.
• JP Morgan cut Halliburton price target from $50 to $45. JP Morgan analyst Arun Jayaram maintained the stock with an Overweight.

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