I rate Halliburton as a Hold with a $21 price target based on a 2025 adjusted EPS of $2.33, reflecting bearish oil price outlook. Economic uncertainty, potential U.S. recession, and OPEC+ production increases contribute to a bearish outlook for the oil field service sector through 2025. Halliburton's revenues and margins are pressured by lower oil prices, with significant downside risks if WTI falls below $55 per barrel.
Finding value in today's market is what most investors are after. Given where broad market-based multiples sit, many investors who may be sitting on the sidelines may be doing so for fear that these multiples may have gotten ahead of the market's medium-term potential.
Halliburton shares have declined 50% due to slowing energy activity, particular in US oil production, and fear of recession. The company has a solid balance sheet, high free cash flow yield, and is returning capital to shareholders through buybacks and dividends. The stock is trading at historically low valuations, presenting a potential upside if the energy sector stabilizes.
While the top- and bottom-line numbers for Halliburton (HAL) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
HAL generated $377 million of cash flow from operations in the first quarter, leading to a free cash flow of $124 million.
U.S. environmental groups say they are preparing for a legal showdown with the White House over its sweeping efforts to sidestep federal regulations on oil, gas and coal development.
Shares of Halliburton (HAL) fell Tuesday after the oilfield services company reported first-quarter profit that came in well short of analysts' estimates.
Halliburton (HAL -5.68%), a prominent oilfield services company, released its earnings for the first quarter on April 22. The results reflect a mixed performance with revenue exceeding expectations by approximately $144 million to reach $5.4 billion (GAAP), beating the consensus estimate of $5.273 billion.
Halliburton Company (NYSE:HAL ) Q1 2025 Earnings Call April 22, 2025 9:00 AM ET Company Participants David Coleman - Senior Director, IR Jeff Miller - Chairman, President, & CEO Eric Carre - EVP & CFO Conference Call Participants Neil Mehta - Goldman Sachs J. David Anderson - Barclays Bank Arun Jayaram - J.P.
Halliburton (HAL) came out with quarterly earnings of $0.60 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.76 per share a year ago.
HAL's exposure to North American fracking has become a drag. It might adversely affect first-quarter results.
HAL and Nabors' collaboration in Oman delivers first automated drilling solutions, improving operational efficiency, penetration rates and reducing non-productive time.