Halliburton (HAL) AI Stock Analysis

• Market Cap: $24.09B
• Dividend Yield: 2.38%
• Average Volume (3M): 9.81M
• Price to Earnings (P/E): 18.9
• Beta (1Y): 0.89
• 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: 11,087,629
• 30 Day Avg. Volume: 9,807,984
• 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: 1.14
• Enterprise Value/Revenue: 1.24
• Enterprise Value/Gross Profit: 7.67
• Enterprise Value/Ebitda: 7.93
• 1Y Price Target: $30.27
• Price Target Upside: 5.77% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 17
• EPS Forecast (FY): 2.27
• Revenue Forecast (FY): $21.88B

• Rating: 72 Outperform
• Price Target: $31.00 ▲(8.32% Upside)

Halliburton's overall score reflects a balanced view of its financial performance, technical indicators, valuation, and strategic initiatives. The company's stable profitability margins and strategic focus on cost reduction and technology development are significant strengths. However, challenges in revenue growth and cash flow management, along with anticipated declines in North America, present risks that need to be addressed.

Positive Factors

Technological Advancements

Halliburton's investment in advanced technologies like iCruise and Zeus electric fleets enhances operational efficiency and positions the company for long-term growth in the energy sector.

Strategic Partnerships

The partnership with VoltaGrid expands Halliburton's reach into distributed power solutions, aligning with industry trends towards sustainability and enhancing its competitive edge.

Leadership Changes

The promotion of Shannon Slocum to COO is expected to strengthen Halliburton's strategic execution and operational efficiency, leveraging his extensive experience in global operations.

Negative Factors

Revenue Growth Decline

A significant decline in revenue growth suggests challenges in maintaining market share and could impact long-term financial stability if not addressed.

Cash Flow Management

Negative free cash flow growth indicates potential liquidity issues, which could constrain Halliburton's ability to invest in growth opportunities and manage debt.

North America Revenue Decline

The anticipated decline in North America revenue reflects market challenges and could pressure Halliburton's profitability and market position in a key region.

Halliburton Business Overview & Revenue Model

Company Description

Halliburton Company (HAL) is one of the world's largest providers of products and services to the energy industry, primarily focused on oil and natural gas exploration and production. The company operates in two main business segments: Completion and Production, which includes services such as well completion, production optimization, and artificial lift systems; and Drilling and Evaluation, which encompasses drilling services, formation evaluation, and wellbore construction. Halliburton is known for its advanced technology solutions and engineering expertise, which help clients improve their operational efficiency and reduce costs.

How the Company Makes Money

Halliburton generates revenue through a diverse array of services and products tailored to the oil and gas sector. Its primary revenue streams come from drilling services, which include well construction and drilling fluids, as well as completion services, which involve technologies and equipment for well completion and production enhancement. The company also earns income from consulting and project management services that help optimize energy production. Significant partnerships with major oil companies and independent operators allow Halliburton to secure long-term contracts, which provide a steady income stream. Additionally, the company's investment in innovative technologies, such as digital solutions and automation, enhances its service offerings, positioning it to benefit from the industry's shift toward efficiency and sustainability.

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: 28.62
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 28.62 is above the 20-day moving average (MA) of 27.03, above the 50-day MA of 25.96, and above the 200-day MA of 22.80, indicating a bullish trend. The MACD of 0.78 indicates Negative momentum. The RSI at 64.54 is Neutral, neither overbought nor oversold. The STOCH value of 82.28 is Negative, 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	$18.78B	20.81	28.72%	0.43%	11.73%	45.70%
BKR	76 Outperform	$46.24B	16.14	16.83%	1.96%	1.51%	30.09%
SLB	75 Outperform	$58.94B	15.25	15.46%	2.89%	-2.13%	-16.76%
TS	75 Outperform	$21.62B	10.83	11.69%	4.21%	-9.76%	-18.94%
NOV	72 Outperform	$5.98B	16.37	5.93%	3.11%	-1.43%	-63.13%
HAL	72 Outperform	$24.09B	18.95	12.77%	2.38%	-4.06%	-47.41%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Halliburton Corporate Events

Halliburton Appoints New COO Amid Leadership Changes

On December 3, 2025, Halliburton announced the appointment of Jeffrey Shannon Slocum as Executive Vice President and Chief Operating Officer, effective January 1, 2026. Slocum, who has been with Halliburton since 2005, will also join the company’s board of directors, expanding it from 12 to 13 members. His extensive experience in global operations and business development is expected to bolster Halliburton’s strategic execution and operational efficiency. Concurrently, Rami Yassine will take over as President of the Eastern Hemisphere, succeeding Slocum. These leadership changes are part of Halliburton’s strategy to enhance its global operations and maintain its competitive edge in the energy sector.

Halliburton Appoints Timothy Leach to Board of Directors

On December 2, 2025, Halliburton announced the appointment of Timothy A. Leach to its board of directors, expanding the board from 11 to 12 members. Mr. Leach, who retired from ConocoPhillips in August 2025 after a 40-year career in the oil and gas industry, brings extensive experience in upstream operations and corporate governance. His leadership background is expected to enhance Halliburton’s strategic planning and value delivery to customers and shareholders.

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.