"BMO maintains a Market Perform rating while lifting its target, signaling confidence in a defined upside range. The firm notes that Middle East conflict has not materially hurt Halliburton's business, with the region generating $1.5 billion in Q4 revenue, up 3% sequentially."
"International revenue rose 7% sequentially in Q4 to $3.5 billion, with double-digit growth in Europe, Africa, and CIS. Multi-year contracts with Petrobras, ConocoPhillips, and Shell Nigeria provide durable revenue visibility."
"CEO Jeff Miller stated, 'I expect that as macro fundamentals improve, North America will be the first to respond. We have seen this countless times in the past, and the same drivers are in place today.'"
"Halliburton returned 85% of full-year free cash flow to shareholders in 2025, including $1 billion in buybacks and a $0.17 quarterly dividend."
Halliburton's stock has experienced a notable increase, rising 6.24% in the past week and 30.51% year to date, reaching a 52-week high of $38.68. Analysts have a consensus target of $36.94, but BMO Capital raised its target to $42, citing strong international revenue and a recovery in North America. The company reported $1.5 billion in Q4 revenue from the Middle East and $3.5 billion internationally, with significant contract wins. Halliburton returned 85% of its free cash flow to shareholders in 2025, enhancing investor confidence.
Read at 24/7 Wall St.
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