Kevin Simpson, an analyst from Griffin, maintained the Buy rating on Halliburton. The associated price target is $47.00.
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Kevin Simpson has given his Buy rating due to a combination of factors tied to Halliburton’s recent performance and outlook. The company exceeded first-quarter 2026 earnings expectations despite regional disruptions, helped by strong growth in Latin America and Europe/Africa and favorable tax effects, and Simpson has raised both his 2026 and 2027 earnings and EBITDA forecasts accordingly.
Simpson also believes the macro backdrop supports sustained activity, assuming oil prices remain above $70 and that heightened geopolitical risk will spur broader energy security investments where Halliburton is well positioned. With improved U.S. fracturing fundamentals, a higher $47 price target based on a richer 2027 EV/EBITDA multiple, and the removal of prior supply overhang, he sees asymmetrical upside potential, with the main risk centered on global oil demand rather than company execution.
According to TipRanks, Simpson is ranked #5568 out of 12161 analysts.
In another report released yesterday, Melius Research also maintained a Buy rating on the stock with a $0.00 price target.