
Energy · Oil & Gas Equipment & Services
$38.57
-8.08%
Vol: 1.4M
Monday, June 15, 2026
No material news in the last 48 hours.
No material news in the last 48 hours.
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.
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.
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.
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.
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).
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.
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.
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.
Halliburton posted Q1 2026 net income of $461 million ($0.55 EPS) with revenue flat YoY at $5.4 billion, though adjusted operating margin declined nearly 2%. Drilling/evaluation and international revenue rose 4% and 3% respectively. The company secured a contract with Greenland Energy Company for the first onshore oil exploration in the Jameson Land Basin, opening an undrilled Arctic frontier. HAL also announced a multibillion-dollar long-term unconventional completions contract with Argentina YPF. Barclays upgraded HAL to Overweight from Equal Weight on May 7. Jefferies raised PT to $47 from $39 on April 26. Shares are up 40.7% YTD with HAL trading near $41.66 and a 1-year total shareholder return of 107.78%.
Halliburton posted Q1 2026 earnings of $461M ($0.55/share), up from $204M ($0.24) YoY. Q1 revenue was $5.4B with flat YoY growth but strong international performance. The company won a multibillion-dollar bundled unconventional completions contract from YPF in Argentina and achieved first fully automated geological well placement with ExxonMobil.
Halliburton reported Q1 net income of $461M ($0.55 EPS) beating expectations. Won multibillion-dollar YPF contract for Vaca Muerta unconventional completions using ZEUS electric fracturing tech in Argentina. Collaborated with ExxonMobil on first fully automated geological well placement. Analysts raised fair value to $41.64. Stock up 40.74% YTD with strong international contract momentum.
Halliburton reported Q1 2026 net income of $461 million ($0.55 per diluted share) with revenue of $5.7 billion and 13% operating margin. Company was awarded multibillion-dollar contract by YPF for unconventional completions services in Argentina's Vaca Muerta shale field. Additionally, Halliburton entered strategic collaboration with PETRONAS Suriname and Valaris, and acquired Sekal AS from Sumitomo for digital drilling autonomy capabilities. Stock gained 40.74% year-to-date with one-year return of 107.78%. Jefferies raised price target to $47 from $39. 18 analysts rate "Buy" with $38.61 consensus target representing -7.45% downside, suggesting valuation concerns despite strong fundamentals.
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| SLBSLB | $54.87 | -4.16% | +0.2% | 17.1x | 0.73 | $85.6B |
| BKRBAKER | $62.00 | -5.78% | -0.6% | 23.6x | 0.97 | $65.3B |
| HALHALLIBURTON | $38.57 | -8.08% | -1.9% | 14.4x | 0.74 | $35.1B |
| XOMEXXON | $139.08 | -10.44% | -3.2% | 14.9x | 0.18 | $643.7B |
| CVXCHEVRON | $179.14 | -6.21% | -2.6% | 15.7x | 0.50 | $380.4B |
| COPCONOCOPHILLIPS | $111.28 | -7.69% | -3.2% | 13.4x | 0.15 | $146.9B |
Price between 50d and 200d. Testing 50d support.