Halliburton (HAL) AI Stock Analysis

• Market Cap: $18.48B
• Dividend Yield: 3.15%
• Average Volume (3M): 14.64M
• Price to Earnings (P/E): 10.1
• Beta (1Y): 0.77
• Revenue Growth: -4.08%
• EPS Growth: -29.26%
• Country: US
• Employees: 48,000
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.60
• Shares Outstanding: 852,602,100
• 10 Day Avg. Volume: 16,219,654
• 30 Day Avg. Volume: 14,637,280
• 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: 1.56
• Enterprise Value/Revenue: 1.29
• Enterprise Value/Gross Profit: 7.57
• Enterprise Value/Ebitda: 7.19
• 1Y Price Target: $26.29
• Price Target Upside: 21.26% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 15

• Rating: 75 Outperform
• Price Target: $24.50 ▲(13.01% Upside)

Halliburton's stock score is driven by strong financial performance and a solid valuation. Despite mixed technical signals, positive earnings call sentiment and supportive corporate events contribute positively to the score.

Positive Factors

Financial performance

HAL's reported 2Q FCF of $582mm beat Cons/BofA estimates.

Shareholder returns

HAL expects to continue to maintain the pace of shareholder returns with quarterly repurchase despite the lowered FCF guide.

Technology leadership

HAL believes its technology and service execution will allow it to outpace competitors in NAM.

Negative Factors

Guidance

Guidance for 3Q indicates a sequential decline of 1-3% in both C&P and D&E revenues with C&P margin to contract 150-200bps due to price weakness in US Frac.

Oil macro outlook

Recent headlines surrounding the OPEC+ decision to speed up oil output hikes have put further pressure on the oil macro outlook, with North America activity most at-risk.

Pricing pressure

HAL cited pricing pressure on legacy frac equipment and margin impacts as drivers of year-over-year North America declines.

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 primarily generates revenue through two main business segments: Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers cementing, stimulation, intervention, pressure control, and completion services, as well as manufacturing related equipment. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and well construction solutions that enable customers to model, measure, and optimize their well placement and reservoir output. Halliburton's revenue is largely driven by the demand for these services from the oil and natural gas industry, which is influenced by factors such as global oil prices, exploration and production activities, and technological advancements. Additionally, the company engages in strategic partnerships and collaborations with energy companies to enhance service offerings and expand market reach.

Halliburton Financial Statement Overview

Summary

Halliburton's strong financial performance is underscored by robust profitability and effective cash management. Despite a slight dip in revenue, the company's EBIT and EBITDA margins remain healthy. The balanced leverage and strong cash flow metrics mitigate potential risks.

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	22.23B	22.94B	23.02B	20.30B	15.29B	14.45B
Gross Profit	3.80B	4.30B	4.36B	3.31B	2.02B	1.54B
EBITDA	4.00B	4.76B	4.84B	3.54B	2.69B	-1.62B
Net Income	1.86B	2.50B	2.64B	1.57B	1.46B	-2.94B
Balance Sheet
Total Assets	25.38B	25.59B	24.68B	23.25B	22.32B	20.68B
Cash, Cash Equivalents and Short-Term Investments	2.04B	2.62B	2.26B	2.35B	3.04B	2.56B
Total Debt	8.56B	8.60B	8.81B	8.94B	10.22B	10.84B
Total Liabilities	14.83B	15.04B	15.25B	15.28B	15.59B	15.70B
Stockholders Equity	10.51B	10.51B	9.39B	7.95B	6.71B	4.97B
Cash Flow
Free Cash Flow	2.15B	2.42B	2.08B	1.23B	1.11B	1.15B
Operating Cash Flow	3.57B	3.87B	3.46B	2.24B	1.91B	1.88B
Investing Cash Flow	-1.92B	-1.65B	-1.66B	-967.00M	-534.00M	-486.00M
Financing Cash Flow	-1.70B	-1.73B	-1.67B	-1.80B	-838.00M	-1.01B

Halliburton Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 21.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HAL, the sentiment is Negative. The current price of 21.68 is below the 20-day moving average (MA) of 21.99, above the 50-day MA of 21.41, and below the 200-day MA of 24.52, indicating a neutral trend. The MACD of 0.16 indicates Positive momentum. The RSI at 48.43 is Neutral, neither overbought nor oversold. The STOCH value of 30.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HAL.

Halliburton Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FTI	82 Outperform	$14.59B	16.81	29.27%	0.57%	12.15%	91.88%
HAL	75 Outperform	$18.48B	10.14	18.16%	3.15%	-4.08%	-29.26%
SLB	75 Outperform	$50.28B	11.26	19.78%	3.39%	0.94%	-4.63%
BKR	74 Outperform	$43.20B	14.34	18.32%	2.05%	2.13%	54.69%
NOV	71 Outperform	$4.54B	10.04	7.31%	4.20%	-1.21%	-54.44%
TS	71 Outperform	$19.08B	9.39	12.06%	6.15%	-12.06%	-21.43%
Sector *	45 Neutral	AU$1.32B	-8.62	-15.56%	7.70%	2.10%	-32.50%

Halliburton Corporate Events

Halliburton Reports Q2 2025 Financial Results

On July 22, 2025, Halliburton announced its financial results for the second quarter of 2025, reporting a net income of $472 million, or $0.55 per diluted share, and revenue of $5.5 billion. The company highlighted its technological innovations, including collaborations with Chevron and Nabors Industries, and new contracts in the UK and East Texas. Despite anticipating a softer oilfield services market in the short to medium term, Halliburton remains confident in its strategic growth areas and continues to focus on shareholder returns.

The most recent analyst rating on (HAL) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on Halliburton stock, see the HAL Stock Forecast page.

Halliburton Appoints New Chief Accounting Officer

On July 8, 2025, Charles E. Geer, Jr., Senior Vice President and Chief Accounting Officer of Halliburton, announced his resignation effective July 16, 2025, to pursue an opportunity outside the energy services industry. Subsequently, Halliburton appointed Stephanie Holzhauser as the new Senior Vice President and Chief Accounting Officer, effective the same date. Holzhauser, who has been with Halliburton for over 20 years, has held various roles of increasing responsibility within the company. Her appointment is part of Halliburton’s succession management process, reflecting her significant contributions and the company’s confidence in her leadership capabilities.

The most recent analyst rating on (HAL) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on Halliburton stock, see the HAL Stock Forecast page.

Halliburton Shareholders Approve Key Governance Decisions

On May 21, 2025, Halliburton held its Annual Meeting of Shareholders where all director nominees were elected, KPMG LLP was ratified as the independent auditor for 2025, and executive compensation was approved. These decisions reflect shareholder support for the company’s current leadership and financial oversight, potentially impacting its governance and operational strategies.

The most recent analyst rating on (HAL) stock is a Hold with a $37.00 price target. To see the full list of analyst forecasts on Halliburton stock, see the HAL Stock Forecast page.