5 Best Turnaround Stocks to Buy in 2026

4. Halliburton Company (NYSE:HAL)

On June 9, 2026, Halliburton Company (NYSE:HAL) entered into a multi-year agreement with Pampa Energia to support the digital transformation of its operations in Vaca Muerta. Halliburton said the agreement supports Pampa Energia’s strategy to “scale efficiently, strengthen decision-making, and deliver consistent execution within subsurface and operations teams.” Under the agreement, Halliburton will work with Pampa Energia to deploy a digital transformation program covering digital orchestration, high-resolution reservoir modeling, logistics optimization, and energy efficiency management.

On June 3, 2026, Citi raised the firm’s price target on Halliburton Company (NYSE:HAL) to $52 from $47 and maintained a Buy rating on the shares. Citi updated its models in the oil and gas equipment and services group.

Last month, Barclays upgraded Halliburton Company (NYSE:HAL) to Overweight from Equal Weight with a price target of $55, up from $37. Barclays said the energy services sector faces its best setup in 20 years and upgraded its industry view to Positive from Neutral. The firm said that once the “supply shock” ends, oil prices should be structurally higher, with upstream spending accelerating in 2027 and 2028, potentially driving an earnings revision cycle and re-rating for the group.

Halliburton Company (NYSE:HAL) provides products and services to the energy industry worldwide.