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HalliburtonNYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-06-12
Intact
$39.60-0.40%
Close 2026-06-12 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is strong, but earnings quality and management's track record are neutral. The company has a capital-friendly stance, while risk is moderate and the sector backdrop presents a headwind. Compared with sector peers, HAL is above typical. Peer multiples imply a price roughly in line with where it trades (about fair); the read is fair. If HAL cuts guidance on the next call, that could have a meaningful negative impact. This read is provisional.
as of 2026-06-12
Quick facts
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Market cap
- $33.22B
- Employees
- 46,000
- IPO date
- 1994-03-11
- Next earnings
- 2026-07-28
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 7 valuation methods, at three horizons. Current price $39.60. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryfair
$39.60consensus
Range $36.60 – $51.72
vs price: 0% at
Method agreement — · 7 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearinexpensive
$57.73consensus
Range $50.19 – $77.87
vs price: -31% below
Method agreement — · 5 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Cheap vs peershigh confidence
At $40 HAL trades at 17× p/e, below its 22× p/e peer median. Our $40 fair value sits above the price; high confidence. Analysts: $29–$55. Not investment advice.
Multiple (P/E)
16.7x
peer 21.9x · own history 16.3x
Premium
0.8x peer
1.0x its own history
Growth the price needs
0%
our forecast 1%
Our fair value
$39.60
range $36.53 – $51.72
Analyst range(a guide on our number, not a target)Our number is in the analyst range
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
fairfair12-month view
What's priced inJustified
The market is pricing in roughly 0% near-term growth, in line with our forecast of about 1%. This describes what's priced in, not a forecast of the move.
Low fragilityrisk posture, not a price call
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Historical context
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
strongOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Energy names rated strong grew net income 60% of the time over the next year (vs 56% for the rest of the cohort, n=979).
75th pctl · Energy
Earnings quality
neutralOver the trailing year it converted 1.83x of net income into operating cash flow. Historically, Energy names rated neutral grew net income 33% of the time over the next year (vs 48% for the rest of the cohort, n=789).
42nd pctl · Energy
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity.
Management & capital allocation
neutralEarnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Neutral21 analysts, 74% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $0.54 → $0.54 (+0.5% / 30d). 2 raised, 1 cut, 21 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d, 1 maintained. 74% of analysts rate Buy.
Sector context
Intermediate · WeeklySector phase: energy is in mature, with may be transitioning (~0.8 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: Mature by revenue growth · theme shale/unconventional.headwind
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: strong
- Capital allocation
- strong
- Earnings discipline
- strong
- Margin discipline
- neutral
- Balance sheet
- strong
- Post-call reaction
- strong
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$159.
How much price usually moves either way.
On a bad day, this stock has moved -$322.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,310.
Deepest peak-to-trough drop in the last year.
moderateas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- UpsideMedium confidenceQuartersactive 18d
Watch for revenue growth in Latin America exceeding 15% in Q2
Why it matters: Strong growth in Latin America shows good market success. It can help offset weakness elsewhere.
What confirms / what disproves
Confirms:Revenue growth in Latin America is over 15% compared to Q1 2026.
Disproves:Revenue growth in Latin America is below 10% compared to Q1 2026.
Earnings call
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
- 2026-06-112d agoYahoo! Finance
Partnership enhances technology launch and market position.
Strongly reinforcesUnconfirmed report
This sector is also watching
- Watch for changes in oil prices following CPI and PPI reports
- Watch for energy revenue growth to pick up above 8% YoY
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If sector bellwethers like SLB, BKR, and FTI keep beating earnings and guiding higher, the Energy sector momentum should keep lifting HAL and other Energy names. Worth watching these names for early signals.
- If HAL raises forward guidance on the next earnings call (currently NEW as of 2026-04-21), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
- If inflation reaccelerates, say headline CPI back above 3.5% (currently 2.8%), that would benefit HAL and other Energy names (the sector typically holds up well in inflationary environments).
Downside triggers
- If HAL cuts guidance on the next call (currently NEW as of 2026-04-21), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- If sector bellwethers like SLB, BKR, and FTI start missing or guiding lower, the Energy tailwind helping HAL and other Energy names could fade. Watch these names for early warning.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-04-211mo agoItem 2.02
The press release will be published on the Company’s website at www.halliburton.com . The Company’s press release announcing its results for the quarter ended March 31, 2026 and information to be discussed on the conference call contain certain non-GAAP financial measures (as defined under the Securities and Exchange Commission’s Regulation G). Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or i…
Earnings preannouncementpositive
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
+0.9 vs last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.