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Halliburton (HAL) Stock Sinks As Market Gains: Here's Why
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In the latest close session, Halliburton (HAL - Free Report) was down 2.85% at $37.51. This move lagged the S&P 500's daily gain of 1.18%. Meanwhile, the Dow experienced a rise of 0.66%, and the technology-dominated Nasdaq saw an increase of 1.96%.
The provider of drilling services to oil and gas operators's stock has climbed by 13.03% in the past month, exceeding the Oils-Energy sector's gain of 2.34% and the S&P 500's gain of 3.93%.
The investment community will be paying close attention to the earnings performance of Halliburton in its upcoming release. The company is slated to reveal its earnings on April 21, 2026. On that day, Halliburton is projected to report earnings of $0.5 per share, which would represent a year-over-year decline of 16.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $5.3 billion, indicating a 2.09% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.2 per share and revenue of $21.76 billion, which would represent changes of -9.09% and -1.9%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Halliburton. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.57% higher. Halliburton presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Halliburton is currently being traded at a Forward P/E ratio of 17.51. This represents a discount compared to its industry average Forward P/E of 19.39.
It's also important to note that HAL currently trades at a PEG ratio of 2.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Field Services industry stood at 1.76 at the close of the market yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 46, positioning it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Halliburton (HAL) Stock Sinks As Market Gains: Here's Why
In the latest close session, Halliburton (HAL - Free Report) was down 2.85% at $37.51. This move lagged the S&P 500's daily gain of 1.18%. Meanwhile, the Dow experienced a rise of 0.66%, and the technology-dominated Nasdaq saw an increase of 1.96%.
The provider of drilling services to oil and gas operators's stock has climbed by 13.03% in the past month, exceeding the Oils-Energy sector's gain of 2.34% and the S&P 500's gain of 3.93%.
The investment community will be paying close attention to the earnings performance of Halliburton in its upcoming release. The company is slated to reveal its earnings on April 21, 2026. On that day, Halliburton is projected to report earnings of $0.5 per share, which would represent a year-over-year decline of 16.67%. Meanwhile, the latest consensus estimate predicts the revenue to be $5.3 billion, indicating a 2.09% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.2 per share and revenue of $21.76 billion, which would represent changes of -9.09% and -1.9%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Halliburton. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.57% higher. Halliburton presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Halliburton is currently being traded at a Forward P/E ratio of 17.51. This represents a discount compared to its industry average Forward P/E of 19.39.
It's also important to note that HAL currently trades at a PEG ratio of 2.36. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Field Services industry stood at 1.76 at the close of the market yesterday.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 46, positioning it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.