Halliburton CompanyNYSE: HAL
Energy · Oil & Gas Equipment & Services
$34.85
-3.81%
Vol: 12.5M
Research Digest
Friday, June 19, 2026
Halliburton declares Q2 dividend of $0.17/share payable June 24 and secures new multi-year international agreements, as Citi raises price target to $52 from $47.
Halliburton declared a Q2 2026 dividend of $0.17 per share, payable June 24, 2026 to shareholders of record as of June 3. Citi raised its price target on HAL to $52 from $47 on June 3, 2026, citing momentum from new international contracts. The company signed a multi-year agreement with Pampa Energia in Argentina's Vaca Muerta shale and a partnership with Greenland Energy for Arctic exploration. Halliburton's year-to-date total return is approximately 34% through mid-June. The stock has pulled back roughly 4.7% over the past 30 days, suggesting some near-term consolidation after the contract-driven rally; oil price sensitivity remains the key macro risk.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17Halliburton shares fell ~2.8% as oil prices dropped sharply on a US-Iran peace deal announcement, pressuring oilfield-services demand sentiment.Negative▶
Halliburton shares declined roughly 2.8% intraday as crude oil sold off sharply after the US and Iran announced a deal to end their conflict, removing a geopolitical risk premium that had supported energy names; the stock traded between $39.12 and $40.14 on June 15, 2026. The pullback unwinds part of HAL's strong run (up ~33.8% YTD and ~74.7% over one year). Separately, Blackstone and Halliburton are investing $1 billion in energy startup VoltaGrid, and Halliburton continues to expand internationally with a multi-year digital-transformation agreement with Pampa Energia in Vaca Muerta. Q2 2026 results are due July 21. The bear case is that easing Middle East tensions and softer oil prices could weigh on North American and international drilling/completions activity, compressing oilfield-services pricing into the back half of 2026.
Jun 16Halliburton shares fell about 2.8% as oil prices dropped sharply following a U.S.-Iran peace deal, raising fears of lower drilling budgets.Negative▶
On June 15, 2026, Halliburton shares fell roughly 2.8% during the session, trading near $39.16 with an intraday range of $39.12 to $40.14, after crude oil prices declined sharply on news of a U.S.-Iran peace deal ending their conflict. The selloff reflects investor concern that lower oil prices could shrink exploration and production drilling budgets, pressuring demand for Halliburton's oilfield services. Despite the daily drop, the stock remains up about 33.8% year to date and roughly 74.7% over the past year, supported by recent contract momentum. Earlier in 2026 the company won a multibillion-dollar YPF completions contract in Vaca Muerta, acquired digital drilling firm Sekal AS, and partnered with Blackstone on a planned $1 billion investment in energy startup VoltaGrid. The bear case is that a sustained drop in oil prices and softer upstream capital spending could weigh on services pricing and activity into the second half of 2026. Halliburton is scheduled to report Q2 2026 results on July 21, 2026.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Halliburton and Blackstone invest $1B in VoltaGrid data-center microgrid platformPositive▶
Halliburton and Blackstone are jointly investing $1B in VoltaGrid, a gas-powered microgrid startup serving data centers and industrial users, directly tying HAL into behind-the-meter power solutions. Annual shareholder meeting on May 20 saw re-election of all directors, ratification of KPMG, and approval of compensation/incentive plan amendments. EVP/CLO Van Beckwith sold 198,349 shares for ~$8.19M on May 15 with shares near 52-week high of $42.46 (+102% trailing year). RBC raised PT to $44 (Outperform); Piper Sandler reiterated Neutral at $40. Michael Burry took position citing strong cash generation.
May 20Halliburton CLO Van Beckwith sold 198,349 shares for $8.19M on May 15 near 52-week highs, days after Blackstone-Halliburton $1B VoltaGrid data-center power deal.Mixed▶
Halliburton EVP, Secretary, and Chief Legal Officer Van H. Beckwith sold 198,349 shares on May 15, 2026 at a weighted average $41.29 (range $41.15-$41.38) for approximately $8.19M, with the stock trading near its 52-week high of $42.46 after a 102% one-year run. The insider sale follows the May 11 disclosure that Blackstone and Halliburton are jointly investing $1B into VoltaGrid, a startup making gas-powered microgrids for data centers - a strategic pivot tying HAL's services to AI infrastructure demand. RBC Capital raised its PT to $44 (Outperform) on strong Q1 Europe/Latin America results, while Piper Sandler stayed Neutral at $40. Crude tailwinds remain supportive with Brent at $111 and WTI at $99. Risk: insider selling at highs may signal valuation caution despite the new energy thesis.
May 19Halliburton shareholders vote May 20 on removing the Pass Through Voting Provision; Blackstone-Halliburton $1B VoltaGrid investment underscores data-center power push.Mixed▶
Halliburton will ask shareholders on May 20, 2026 to approve removing the Pass Through Voting Provision from the Halliburton Energy Services Inc. charter, a governance vote that could simplify corporate structure. Separately, Blackstone and Halliburton are investing a combined $1B into VoltaGrid (gas-powered microgrids for data centers), with $775M fresh capital and $225M from existing shareholders, connecting HAL to behind-the-meter power solutions. The stock traded $41.08-$42.93 on May 19. Barclays upgraded to Overweight on May 7. Bear case: oilfield-services pricing remains weak with Q1 op-margin down ~2%, and the VoltaGrid investment dilutes capital from core completions business.
May 18Halliburton and Blackstone investing $1 billion in VoltaGrid for gas-powered data center microgrids; Barclays upgraded to Overweight.Positive▶
Halliburton and Blackstone are jointly investing $1 billion into VoltaGrid, an energy startup making gas-powered microgrids that power data centers, marking a significant strategic move into the behind-the-meter power space. Halliburton was upgraded to Overweight from Equal Weight by Barclays on May 7, 2026. The company also secured a contract with Greenland Energy Company for the first onshore oil exploration in Greenland's Jameson Land Basin, expanding its Arctic footprint. The stock traded at $41.87 on May 18, with HAL having delivered a 32.2% YTD return and 98.6% one-year gain. Analyst consensus price target sits around $42.36, with Q1 adjusted EPS of $0.55 having beaten expectations on $5.4 billion revenue.
May 15Halliburton and Blackstone to invest $1B in VoltaGrid data-center microgrid startup May 11, plus Greenland Arctic exploration contract and Barclays upgrade.Positive▶
Halliburton and Blackstone agreed on May 11 to jointly invest $1 billion in VoltaGrid, an energy startup making gas-powered microgrids that power data centers — a notable expansion into the AI/data center power buildout. Halliburton also secured a contract with Greenland Energy Company for the first onshore oil exploration in Greenland's Jameson Land Basin, opening a previously undrilled Arctic frontier basin. Barclays upgraded HAL to Overweight from Equal Weight on May 7. The stock has returned 32.2% YTD and 98.6% over the past year, trading at $39.12 versus consensus target of $42.36 (~8% upside).
May 14Halliburton shares jumped 4.7% to $41.70 after Blackstone and Halliburton announced a $1B investment in VoltaGrid; Barclays upgraded to Overweight.Positive▶
On May 11, 2026, Blackstone and Halliburton announced a $1B investment in VoltaGrid, positioning VoltaGrid for accelerated expansion in power solutions for energy and data centers. VoltaGrid also agreed to acquire supplier Propell Energy Technology, deepening its supply chain. Halliburton shares surged 4.7% to $41.70 on May 12 amid the news. Barclays upgraded Halliburton to Overweight from Equal Weight on May 7, 2026. Q1 2026 net income was $461M ($0.55 diluted EPS), with the beat driven by cost cuts supporting near-term margins as global oilfield services activity remained resilient on upstream spending. The company also benefits from a recent Greenland Arctic exploration contract. Macro backdrop of rising oil prices and geopolitical tensions is constructive, with analysts seeing further contract wins.
May 13Halliburton and Blackstone announce $1B investment in VoltaGrid data-center power startup amid Barclays upgradePositive▶
On May 11, 2026, Blackstone and Halliburton announced a combined $1 billion investment in VoltaGrid, an energy startup making gas-powered microgrids used to power data centers, marking a strategic push into the AI/data-center electrification theme. Barclays upgraded HAL to Overweight from Equal Weight on May 7, 2026, citing stronger margin trajectory and a recent Q1 2026 earnings beat. Halliburton's Q1 revenue was flat year-over-year at $5.4 billion with adjusted operating margin contracting nearly 2%, though drilling and evaluation revenue rose 4% and international revenue rose 3% y/y. Shares trade around $39.12 versus a consensus target near $42.36 (~8% upside). The company has also disclosed a May 20, 2026 shareholder vote on removing the Pass Through Voting Provision from the Halliburton Energy Services charter. A Greenland contract win adds Arctic exploration optionality.
May 12Halliburton secures Greenland Arctic oil exploration contract, expanding international growth narrativePositive▶
Halliburton announced a contract with Greenland Energy Company for the first onshore oil exploration in Greenland's Jameson Land Basin, adding Arctic potential to its growth story. The deal follows a multibillion-dollar YPF contract for unconventional completions in Argentina's Vaca Muerta shale. Q1 2026 net income reached $461M ($0.55/share), with shares up 107.8% over the past 52 weeks. Analysts maintain Moderate Buy consensus with a mean price target of $42.71 (5.7% upside) and Street-high target of $49. Stock closed at $40.26 with bullish sentiment on undervalued energy services exposure.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SLBSLB | $48.07 | -4.50% | -16.0% | 14.4x | 0.71 | $71.9B |
| BKRBAKER | $58.35 | -2.86% | -12.6% | 21.0x | 0.94 | $57.9B |
| HALHALLIBURTON | $34.85 | -3.81% | -17.4% | 11.9x | 0.70 | $29.2B |
| XOMEXXON | $137.64 | -2.20% | -11.8% | 12.9x | 0.15 | $571.2B |
| CVXCHEVRON | $173.45 | -2.33% | -9.3% | 13.8x | 0.47 | $345.8B |
| COPCONOCOPHILLIPS | $107.75 | -3.11% | -11.9% | 11.7x | 0.11 | $131.3B |
Key Fundamentals
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52-Week Range
Moving Averages
Price between 50d and 200d. Testing 50d support.