Halliburton (HAL) AI Stock Analysis

• Market Cap: $21.73B
• Dividend Yield: 2.65%
• Average Volume (3M): 13.04M
• Price to Earnings (P/E): 17.1
• Beta (1Y): 0.91
• Revenue Growth: -4.06%
• EPS Growth: -47.41%
• Country: US
• Employees: 48,000
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.58
• Shares Outstanding: 841,626,600
• 10 Day Avg. Volume: 9,736,171
• 30 Day Avg. Volume: 13,037,330
• PEG Ratio: -2.81
• Price to Book (P/B): 2.28
• Price to Sales (P/S): 1.05
• P/FCF Ratio: 9.90
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 1.24
• Enterprise Value/Gross Profit: 7.67
• Enterprise Value/Ebitda: 7.93
• 1Y Price Target: $29.60
• Price Target Upside: 14.64% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 17
• EPS Forecast (FY): 2.24
• Revenue Forecast (FY): $21.83B

• Rating: 72 Outperform
• Price Target: $29.00 ▲(12.32% Upside)

Halliburton's overall stock score reflects a stable financial performance with some challenges in revenue and cash flow growth. Positive technical indicators and strategic initiatives from the earnings call contribute to a favorable outlook. The valuation is fair, supporting the company's market position.

Positive Factors

Cost Reduction Initiatives

Halliburton's cost reduction initiatives are expected to save $100 million per quarter, enhancing profitability and operational efficiency, which are crucial for long-term sustainability in a competitive industry.

Technological Advancements

Investments in technology like iCruise Force and Zeus electric fleets position Halliburton as a leader in innovation, potentially increasing service efficiency and client satisfaction, which can drive long-term growth.

Strategic Partnerships

The partnership with VoltaGrid for distributed power solutions expands Halliburton's market reach and diversifies its service offerings, enhancing its competitive edge and growth potential.

Negative Factors

Revenue Decline

A significant decline in revenue growth indicates potential challenges in market demand or competitive pressures, which could impact long-term financial stability and market position.

Free Cash Flow Challenges

Negative free cash flow growth suggests difficulties in cash generation, which may hinder Halliburton's ability to invest in growth opportunities or manage debt effectively over time.

International Revenue Decline

Declining international revenue, particularly in key regions, could signal weakening demand or competitive challenges, potentially impacting Halliburton's global market share and growth prospects.

Halliburton Business Overview & Revenue Model

Company Description

Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning. This segment also provides electrical submersible pumps, as well as artificial lift services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; oilfield completion, production, and downstream water and process treatment chemicals and services; drilling systems and services; wireline and perforating services consists of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.

How the Company Makes Money

Halliburton generates revenue primarily through its oil field services, which include drilling, evaluation, and completion services. The company earns money by charging its clients for the provision of these services and products, with revenue streams coming from contracts for well construction, cementing, and hydraulic fracturing, among others. Key revenue streams are derived from both onshore and offshore operations, with a significant portion coming from the North American market. Additionally, Halliburton benefits from long-term partnerships with major oil companies and independent operators, which often lead to repeat business. Factors contributing to its earnings include fluctuations in oil and gas prices, technological advancements in drilling techniques, and the overall health of the energy sector.

Halliburton Financial Statement Overview

Summary

Halliburton demonstrates strong financial health with robust profitability and efficient cash flow management. The company maintains healthy EBIT and EBITDA margins despite revenue fluctuations, and its cash flow metrics are commendable. However, moderate leverage on the balance sheet poses a potential risk.

Income Statement

Halliburton demonstrates strong profitability with robust gross and net profit margins over the TTM. The Gross Profit Margin stands at approximately 9.4%, and the Net Profit Margin at 10.5%. Despite a slight dip in revenue compared to the previous year, the company has maintained healthy EBIT and EBITDA margins, indicating effective cost management and operational efficiency.

Balance Sheet

The company's balance sheet shows a moderate Debt-to-Equity Ratio of 0.81, reflecting a balanced leverage position. Return on Equity is strong at approximately 22.2%, demonstrating efficient utilization of shareholder funds. However, the Equity Ratio is 41.6%, suggesting a moderate reliance on debt financing, which could be a risk if not managed properly.

Cash Flow

The cash flow statements reveal a positive Free Cash Flow growth compared to prior years, and an Operating Cash Flow to Net Income Ratio of 1.53, indicating good cash generation relative to net earnings. The Free Cash Flow to Net Income Ratio is commendable at 0.92, showcasing effective cash management practices.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.14B	22.94B	23.02B	20.30B	15.29B	14.45B
Gross Profit	3.59B	4.30B	4.36B	3.31B	2.02B	1.54B
EBITDA	3.47B	4.76B	4.94B	3.54B	2.69B	-1.62B
Net Income	1.31B	2.50B	2.64B	1.57B	1.46B	-2.94B
Balance Sheet
Total Assets	25.16B	25.59B	24.68B	23.25B	22.32B	20.68B
Cash, Cash Equivalents and Short-Term Investments	2.03B	2.62B	2.26B	2.35B	3.04B	2.56B
Total Debt	8.57B	8.77B	8.81B	8.94B	10.22B	10.84B
Total Liabilities	14.92B	15.04B	15.25B	15.28B	15.59B	15.70B
Stockholders Equity	10.20B	10.51B	9.39B	7.95B	6.71B	4.97B
Cash Flow
Free Cash Flow	1.87B	2.42B	2.08B	1.23B	1.11B	1.15B
Operating Cash Flow	3.22B	3.87B	3.46B	2.24B	1.91B	1.88B
Investing Cash Flow	-1.57B	-1.65B	-1.66B	-967.00M	-534.00M	-486.00M
Financing Cash Flow	-1.76B	-1.73B	-1.67B	-1.80B	-838.00M	-1.01B

Halliburton Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 25.82
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HAL, the sentiment is Positive. The current price of 25.82 is below the 20-day moving average (MA) of 26.95, above the 50-day MA of 25.04, and above the 200-day MA of 22.81, indicating a neutral trend. The MACD of 0.36 indicates Positive momentum. The RSI at 47.10 is Neutral, neither overbought nor oversold. The STOCH value of 15.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HAL.

Halliburton Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FTI	80 Outperform	$17.86B	19.79	28.72%	0.45%	11.73%	45.70%
BKR	78 Outperform	$48.23B	16.83	16.83%	1.88%	1.51%	30.09%
SLB	75 Outperform	$54.07B	13.99	15.46%	3.12%	-2.13%	-16.76%
TS	75 Outperform	$21.20B	10.71	11.69%	4.16%	-9.76%	-18.94%
HAL	72 Outperform	$21.73B	17.09	12.77%	2.65%	-4.06%	-47.41%
NOV	72 Outperform	$5.45B	14.93	5.93%	3.55%	-1.43%	-63.13%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Halliburton Corporate Events

Halliburton’s Financial Outlook: Navigating Risks Amid Volatile Oil Prices and Regulatory Challenges

Halliburton Company faces significant business risks due to its exposure to fluctuating oil and gas prices, which can impact its revenue and profitability. The company’s operations are heavily reliant on the global demand for energy, making it vulnerable to economic downturns and geopolitical tensions that could disrupt supply chains. Additionally, regulatory changes and environmental concerns pose challenges, potentially increasing operational costs and affecting project timelines. These factors collectively contribute to the uncertainty surrounding Halliburton’s financial performance and strategic planning.

Halliburton Reports Q3 2025 Earnings and Strategic Advances

Halliburton Company is a leading provider of products and services to the energy industry, known for its innovative technologies that help maximize asset value and promote sustainable energy solutions.

Halliburton’s Q3 2025 Earnings Call Highlights Strategic Growth

Halliburton’s recent earnings call conveyed a cautiously optimistic sentiment, highlighting the company’s solid financial performance amidst challenges. The management expressed confidence in their strategic advancements and partnerships, which are expected to drive future growth despite anticipated declines in North America and international revenue challenges.

Halliburton Reports Q3 2025 Results with $5.6B Revenue

On October 21, 2025, Halliburton announced its third-quarter results for 2025, reporting a net income of $18 million and adjusted net income of $496 million. The company achieved a revenue of $5.6 billion, with an adjusted operating margin of 13%. Halliburton highlighted its strategic initiatives, including cost-saving measures, capital budget adjustments, and equipment idling, which are expected to save $100 million per quarter. The company emphasized its commitment to technology leadership and shareholder returns, as well as its ongoing efforts to enhance operational efficiency and expand its international market presence.

The most recent analyst rating on (HAL) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on Halliburton stock, see the HAL Stock Forecast page.

Halliburton Secures New $3.5 Billion Credit Agreement

On August 18, 2025, Halliburton entered into a new $3.5 billion Five Year Revolving Credit Agreement, replacing its previous 2022 Credit Agreement. This new agreement, which involves Citibank as the agent, is intended for general working capital purposes and is set to terminate on August 16, 2030. The transition to the 2025 Credit Agreement signifies Halliburton’s ongoing efforts to manage its financial resources effectively, potentially impacting its operational flexibility and financial stability.

The most recent analyst rating on (HAL) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on Halliburton stock, see the HAL Stock Forecast page.