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Halliburton Company (HAL) Stock Analysis

By Nova Skye | AltStation.io | Updated February 07, 2026

Price

$34.87

Change

+3.04%

Market Cap

$29.73B

Avg Volume

12.5M

Company Overview

Halliburton Company provides a wide range of products and services primarily to the energy sector, focusing on oil and gas exploration and production. Headquartered in Houston, Texas, the company operates through two main segments: Completion and Production, and Drilling and Evaluation. Their offerings include advanced completion tools, drilling fluids, production enhancement services, and digital solutions that leverage artificial intelligence. Their customers are mainly oil and gas companies worldwide looking to optimize their production and manage reservoir assets effectively.

In terms of market position, Halliburton is a leader in the oil and gas services industry. They compete with major players like Schlumberger and Baker Hughes, and their comprehensive array of services gives them a competitive edge. While they have a strong footprint in the North American shale industry, threats include fluctuating oil prices and potential regulatory challenges as the energy sector shifts toward more sustainable practices. Their deep expertise in drilling and completion technologies solidifies their status but they must innovate continually to fend off aggressive competition.

Currently, Halliburton is in a growth phase, recovering from the downturn caused by the pandemic. They have recently made strategic investments in digital technology to enhance efficiency and reduce costs. In the third quarter of 2023, the company’s revenue rose by approximately 15% year-over-year, driven by increased drilling activity and a rebound in oil prices. These milestones indicate a timely pivot toward integrating more advanced technologies in their offerings, positioning Halliburton well for future growth amid an evolving energy landscape.

Key Financials

Market Cap

$29.73B

Revenue

$22.18B

EBITDA

$4.12B

Gross Margin

15.8%

Profit Margin

5.8%

Revenue Growth

0.8%

Total Cash

$2.21B

Total Debt

$8.13B

Free Cash Flow

$2.06B

52-Week Price Performance Analysis

Price Statistics

P/E Ratio

23.25

Forward P/E

12.97

Beta

0.75

52-Week High

$35.55

52-Week Low

$18.72

EPS

$1.50

50-Day Avg

$30.14

200-Day Avg

$24.44

Price/Book

2.80

Technical Analysis

The stock chart for Halliburton Company (HAL) shows a strong upward trend over the 52-week period, with the price increasing from around $20 to the current $34.87, reflecting a 38.6% gain. Key support is evident around $25, where the price saw multiple rebounds in early 2023, while resistance has been consistently encountered near $35, particularly in January and February. Notably, the chart displays a series of higher lows and higher highs, indicating a bullish continuation pattern. Recently, the stock has maintained upward momentum, particularly in February, where it touched its current price, suggesting strong buyer interest. Currently, HAL sits near its 52-week high, which implies bullish sentiment as the stock approaches resistance, and potential breakout opportunities may arise if it surpasses this level.

Recent News and Developments

Market Update

Here’s a summary of the latest news and developments for Halliburton Company (HAL) stock from the past week (January 31, 2026, to February 7, 2026):

1. Analyst Price Target Increased Amid “Moderate Buy” Consensus

Halliburton’s average one-year price target was significantly raised by 13.94% to $36.67 per share as of February 3, 2026, up from $32.19 on January 11, 2026. This increase reflects an overall positive sentiment among analysts, with a consensus rating of “Moderate Buy” from Wall Street, including 12 out of 25 analysts issuing “Strong Buy” recommendations. Several firms, including UBS Group and Piper Sandler, adjusted their price targets upwards in late January.

2. Halliburton Beats Q4 2025 Earnings and Revenue Estimates

On January 21, 2026, Halliburton announced its Fourth Quarter 2025 results, reporting a net income of $0.70 per diluted share and revenue of $5.7 billion. This performance surpassed Wall Street expectations, with Halliburton beating the consensus EPS estimate of $0.54 by 27.78% and revenue estimates of $5.41 billion by 4.64%. The positive earnings news led to a 4.1% rally in Halliburton’s shares on January 21, 2026.

Market Sentiment and Analyst Recommendations

Bull Case

Halliburton just beat Q4 earnings by 28% on EPS and 4.6% on revenue — that’s real execution, not guidance massage. The analyst consensus shifted hard: average price target jumped 13.94% to $36.67 in three weeks, with 12 of 25 analysts calling it a “Strong Buy.” The company is near its 52-week high at $34.87 with a clear higher-lows pattern intact, suggesting institutional conviction. At 23.25x P/E, HAL trades at a reasonable multiple for an energy services business with $2.21B cash and consistent operational leverage. The NEX Lab partnership signals innovation focus in well completion tech, addressing future energy demand without commodity price dependency. The stock has 38.6% upside to the current analyst target, and the $46.48 bull case gives another 33% from here.

Bear Case

Revenue growth is dead at 0.8% — that’s basically flat, which doesn’t justify the valuation compression risk if energy spending slows. The debt load of $8.13B against $2.21B cash leaves limited balance sheet flexibility if a recession hits oil and gas capex spending. HAL trades at 23.25x P/E in a cyclical industry where multiples compress fast when sentiment shifts. The company faces a discrimination lawsuit from an ex-executive, which adds legal and reputational risk at a time when ESG scrutiny of energy services is intensifying. The stock has already run 38.6% in 52 weeks and just hit resistance near $35 multiple times — momentum can reverse quickly if earnings disappoint or oil prices drop. Analyst targets have a $18.28 spread ($28-$46.48), indicating real disagreement about fair value.

What to Watch

Monitor Q1 2026 guidance when Halliburton reports next quarter — watch for any slowdown in bookings or margin pressure, which would signal the beat was a one-off. Track crude oil prices and OPEC production decisions closely; energy services demand is tethered to capex cycles that follow commodity strength. Watch whether HAL breaks above $35.55 (the 52-week high) with volume; failure to hold that level suggests the rally is running out of steam. Monitor the discrimination lawsuit developments and any broader labor-related disclosures that could surface — this could impact stock sentiment if settlements become material. Keep tabs on debt reduction progress and free cash flow generation; if cash conversion deteriorates, that $8.13B debt load becomes a real constraint. The analyst target range of $28-$46.48 is wide enough that the next earnings print will likely trigger a 5-10% move either direction.

Analyst Consensus

BUY

Based on 25 analyst opinions

Low Target

$28.00

Mean Target

$35.74

High Target

$46.48

Earnings and Financial Data

Sector

Energy

Industry

Oil & Gas Equipment & Services

Employees

N/A

Earnings & Dividends

Next Earnings

Apr 21, 2026

EPS (Trailing)

$1.50

Dividend Yield

201.0%

Payout Ratio

45.3%

Frequently Asked Questions

Is HAL a good stock to buy?

Halliburton (HAL) has a solid analyst recommendation of BUY with a target price of $35.74, which suggests upside potential from its current price of $34.87. Given the company’s strong P/E ratio of 23.25 and a favorable forward P/E of 12.97, it presents a strong investment case.

What is HAL’s price target?

Analysts have set a price target of $35.74 for Halliburton. This target implies a potential increase of about 2.5% from the current price of $34.87, making it an attractive option for investors looking for growth.

Does HAL pay a dividend?

Yes, Halliburton offers a substantial dividend yield of 201.0%. This is an impressive figure that can be appealing for income-focused investors.

What is HAL’s market capitalization?

Halliburton’s market capitalization is approximately $29.73 billion. This places it in a strong position within the energy sector, particularly in oil and gas equipment and services.

What has been HAL’s stock price range over the past year?

Over the past 52 weeks, Halliburton’s stock has traded between $18.72 and $35.55. This range indicates significant growth potential, especially for those who entered at the lower end of the spectrum.

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Disclaimer: This report is for informational purposes only and does not constitute financial advice. The analysis and opinions expressed are those of AltStation.io and should not be relied upon as the sole basis for investment decisions. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results. Updated February 07, 2026.