Halliburton Company (NYSE:HAL) has seen its stock price increase by more than 15% since the start of 2026. This movement comes as market participants evaluate possible effects from recent U.S. activities in Venezuela.
On January 7, Susquehanna adjusted its price target for Halliburton from $29 to $36. The firm kept a 'Positive' rating on the shares. This new target suggests a potential gain exceeding 10% from current trading levels.
The analyst noted that U.S. drilling and completions activity has remained stronger than many anticipated. Rig and frac spread counts stayed relatively flat from third-quarter levels as the fourth-quarter earnings period began.
Investors speculate that rebuilding Venezuela's deteriorated oil infrastructure would demand the services Halliburton provides. These include rigs, crews, and equipment for drilling and completing wells.
Additionally, Halliburton had initiated an international arbitration proceeding against Venezuela prior to recent events. The case involves hundreds of millions of dollars in unfulfilled contracts and unpaid receivables. The company completely exited Venezuela in 2020 because of sanctions.
Halliburton is among the largest global suppliers of products and services to the energy sector. It appears on a list of high-yield crude oil stocks recommended following U.S. moves in Venezuela.