Halliburton (HAL) AI Stock Analysis

• Market Cap: $19.84B
• Dividend Yield: 2.95%
• Average Volume (3M): 15.59M
• Price to Earnings (P/E): 9.7
• Beta (1Y): 0.77
• Revenue Growth: -2.54%
• EPS Growth: -17.53%
• Country: US
• Employees: 48,000
• Sector: Energy
• Sector Strength: 54
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.60
• Shares Outstanding: 859,715,000
• 10 Day Avg. Volume: 12,918,576
• 30 Day Avg. Volume: 15,589,996
• PEG Ratio: -0.58
• Price to Book (P/B): 1.84
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 8.09
• Enterprise Value/Market Cap: 1.30
• Enterprise Value/Revenue: 0.28
• Enterprise Value/Gross Profit: 6.27
• Enterprise Value/Ebitda: 1.33
• 1Y Price Target: $28.31
• Price Target Upside: 22.66% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 15

• Rating: 74 Outperform
• Price Target: $25.00 ▲(8.32%Upside)

Halliburton's strong financial performance and attractive valuation are key strengths, supported by effective operational strategies and international market successes. However, technical indicators and regional revenue declines highlight areas of concern that investors should monitor.

Positive Factors

Geographic Market Position

HAL's exposure to more resilient international markets has increased, shifting its GeoMkt mix to ~60/40 Int'l/NAm.

Shareholder Returns

Focus on expected ’25 free cash flow of around $2.5 billion with significant shareholder returns, indicating strong financial health.

Technological Advancements

Strategic technology developments by Halliburton create opportunities for unique gains and support growing cash returns to equity holders.

Negative Factors

Oil Market 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.

Revenue and Margin Challenges

C&P and D&E revenues are expected to decline sequentially, with margins contracting due to lower pricing conditions and activity declines.

Trade Tariffs

HAL sees tariffs and mobilization costs as factors weighing on 2Q Drilling & Evaluation margins.

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 demonstrates strong financial performance with robust profitability, stable balance sheet metrics, and effective cash flow management. The company shows effective cost management and operational efficiency, although balancing debt and growth remains crucial.

Income Statement

Halliburton shows strong profitability with a consistent gross profit margin around 18-19% and an impressive net profit margin improving from negative in 2020 to about 10% in TTM (Trailing-Twelve-Months). Revenue has grown steadily, reflecting robust industry demand. EBIT and EBITDA margins are healthy, indicating effective cost management and operational efficiency.

Balance Sheet

The balance sheet is stable with a manageable debt-to-equity ratio decreasing over time, currently around 0.82 in TTM. Return on equity is strong at approximately 22%, showcasing efficient use of equity. Equity ratio is improving, indicating a solid equity base against total assets.

Cash Flow

Cash flow performance is solid with increasing operating cash flow and a strong free cash flow generation, growing consistently over the years. The operating cash flow to net income ratio near 1.6 in TTM highlights effective cash management. Free cash flow to net income ratio supports ongoing investments and debt servicing capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	22.56B	22.94B	23.02B	20.30B	15.29B	14.45B
Gross Profit	4.10B	4.30B	4.36B	3.31B	2.04B	1.54B
EBITDA	4.32B	4.76B	4.84B	3.54B	2.69B	-1.62B
Net Income	2.10B	2.50B	2.64B	1.57B	1.46B	-2.94B
Balance Sheet
Total Assets	25.18B	25.59B	24.68B	23.25B	22.32B	20.68B
Cash, Cash Equivalents and Short-Term Investments	1.80B	2.62B	2.26B	2.35B	3.04B	2.56B
Total Debt	8.57B	8.60B	8.81B	8.94B	10.22B	10.84B
Total Liabilities	14.77B	15.04B	15.25B	15.28B	15.59B	15.70B
Stockholders Equity	10.37B	10.51B	9.39B	7.95B	6.71B	4.97B
Cash Flow
Free Cash Flow	2.34B	2.42B	2.08B	1.23B	1.11B	1.15B
Operating Cash Flow	3.75B	3.87B	3.46B	2.24B	1.91B	1.88B
Investing Cash Flow	-2.06B	-1.65B	-1.66B	-967.00M	-534.00M	-486.00M
Financing Cash Flow	-1.71B	-1.73B	-1.67B	-1.80B	-838.00M	-1.01B

Halliburton Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 23.08
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• 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 Neutral. The current price of 23.08 is above the 20-day moving average (MA) of 21.69, above the 50-day MA of 20.89, and below the 200-day MA of 25.11, indicating a neutral trend. The MACD of 0.32 indicates Negative momentum. The RSI at 53.97 is Neutral, neither overbought nor oversold. The STOCH value of 84.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HAL.

Halliburton Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FTI	81 Outperform	$14.95B	18.82	27.24%	0.56%	14.26%	294.37%
TS	81 Outperform	$20.68B	11.82	10.43%	5.69%	-15.42%	-45.54%
SLB	77 Outperform	$50.75B	12.66	20.82%	3.06%	5.83%	-2.03%
HAL	74 Outperform	$19.84B	9.67	20.99%	2.95%	-2.54%	-17.53%
NOV	73 Outperform	$5.14B	9.12	9.29%	2.19%	0.54%	-39.88%
BKR	70 Outperform	$40.32B	13.90	18.04%	2.26%	6.22%	62.58%
Sector *	52 Neutral	C$2.94B	-1.04	-3.46%	5.85%	3.01%	-47.13%

Halliburton Corporate Events

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.

Halliburton Reports Q1 2025 Income Decline

In the first quarter of 2025, Halliburton reported a net income of $204 million, a decrease from $606 million in the same period in 2024, with revenues falling to $5.4 billion from $5.8 billion. Despite these declines, the company highlighted strong international tender activity and technological advancements, such as the world’s first closed-loop autonomous fracturing operation, which are expected to drive long-term success.