StocksMediumUpdated•Originally published 21 October 2026•Updated 21 October 2026•
1 min read
Halliburton’s 8% Middle East Revenue Growth Bolsters Q3 Results
Key Facts
1Halliburton beat Q3 estimates with $5.703B in revenue and earnings per share of $0.60.
2RBC raised its price target for Halliburton to $46, while Barclays lowered its target to $51.
Halliburton's Middle East and Asia revenue grew by 8% in the third quarter, helping drive adjusted EBITDA to $1 billion. Benzinga reported that the company's operating margins improved to 10.9%, alongside total revenue of $5.703 billion and earnings per share of $0.60, which exceeded market estimates.
These operational milestones led RBC to raise its price target for the company to $46, while Barclays adjusted its target to $51. HAL closed at $33.59 on October 20, 2026, and BCS, representing Barclays, closed at $22.33 on the same date.