Morgan Stanley sets USD 40.00 target for Halliburton stock

Published on 10/15/2026 at 19:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 5.71 billion. Halliburton stock costs EUR 28.99 on October 15, 2026, 0.24 percent above the Xetra close.

Analyst target and earnings date

On October 14, 2026, Morgan Stanley set a USD 40.00 target for Halliburton.
Second-quarter revenue was USD 5.71 billion.
Halliburton stock costs EUR 28.99 at Lang & Schwarz on October 15, 2026 at 7:14 p.m. CEST, 0.24 percent above the Xetra close of October 15, 2026.
Halliburton will discuss third-quarter 2026 results on October 20, 2026.

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Morgan Stanley analyst Joe Laetsch maintained a Buy rating and set a USD 40.00 price target for Halliburton on October 14, 2026, according to Markets Insider. The target lies 23.15 percent above the NYSE price of USD 32.48. Halliburton was trading at EUR 28.99 at Lang & Schwarz on October 15, 2026 at 7:14 p.m. CEST, 0.24 percent above the Xetra close of October 15, 2026 at EUR 28.92.

Second-quarter revenue reached USD 5.71 billion

Halliburton reported USD 5.71 billion in revenue and USD 534 million in net profit for the quarter ending June 30, 2026, according to Markets Insider. Revenue was USD 5.51 billion in the year-ago quarter, putting the increase at 3.63 percent. The companys latest reported margin was 9.00 percent, while adjusted earnings per share stood at USD 0.55 in the second quarter.

Price sits below the yearly high

The NYSE quote was USD 32.48 on October 15, 2026 at 1:22 p.m. ET. Halliburton traded between a 52-week low of USD 21.46 and a high of USD 43.59, leaving the stock 25.49 percent below its high and 51.35 percent above its low. Volume stood at 3,465,645 shares against an average of 10,948,539 shares.

Valuation and October 20 results

Halliburton had a market capitalization of USD 27.1 billion and a trailing P/E ratio of 16.99 on October 15, 2026. Halliburton scheduled its third-quarter 2026 results conference call for October 20, 2026 at 9:00 a.m. ET.

Comparison with peers

Halliburton: plus 0.24 percent, P/E 16.99, market capitalization USD 27.1 billion.

SLB (NYSE, USD): minus 1.31 percent, P/E 23.34, market capitalization USD 71.1 billion.

Baker Hughes (NYSE, USD): minus 2.84 percent, P/E 17.29, market capitalization USD 53.4 billion.

The price remains below its high

Halliburton stock stays 25.49 percent below its 52-week high while its P/E ratio remains below SLBs 23.34. It was trading at EUR 28.99 at Lang & Schwarz on October 15, 2026 at 7:14 p.m. CEST, 0.24 percent above the Xetra close of October 15, 2026 at EUR 28.92. The further course of trading is shown by the continuously updated real-time quote of Halliburton stock.