Halliburton Company ($HAL) Stock Forecast: Down 5.0% Today

What is Halliburton Company?

Halliburton (HAL) is a multinational corporation operating in the energy industry, providing a variety of services and products to oil and gas companies worldwide. The stock had a bearish movement today amidst market uncertainties.

Why is Halliburton Company going down?

HAL stock is down 5.0% on Jan 22, 2025 15:06

• HAL matched Q4 earnings estimates, but the market may have been expecting better performance, leading to the bearish movement.
• Analyst projections for key metrics may have fallen short of expectations, contributing to the negative market sentiment towards HAL.
• The news of HAL nearing a deal to increase production in Iraq could not offset concerns about weak North American activity impacting Q4 earnings, leading to the bearish trend.
• Investors awaiting HAL's Q4 earnings may have been disappointed by the lack of significant positive indicators in the company's performance, causing the stock to decline.

HAL Price Chart

HAL Technical Analysis

HAL News

Halliburton ( HAL ) Matches Q4 Earnings Estimates

Halliburton (HAL) delivered earnings and revenue surprises of 0% and 0.55%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2401056/halliburton-hal-matches-q4-earnings-estimates

What Analyst Projections for Key Metrics Reveal About Halliburton ( HAL ) Q4 Earnings

Evaluate the expected performance of Halliburton (HAL) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

https://www.zacks.com/stock/news/2400444/what-analyst-projections-for-key-metrics-reveal-about-halliburton-hal-q4-earnings

HAL Nears Deal to Increase Production From Iraq's Nahr Bin Omar Field

Halliburton is expected to help Iraq increase its production from the Nahr Bin Omar field to 300,000 barrels per day (bpd) from its current 50,000 bpd.

https://www.zacks.com/stock/news/2399645/hal-nears-deal-to-increase-production-from-iraqs-nahr-bin-omar-field

Halliburton Q4 Earnings on Deck: Here's How It Will Fare

Weakness in North American activity is likely to have impacted the fourth-quarter earnings of Halliburton (HAL).

https://www.zacks.com/stock/news/2398827/halliburton-q4-earnings-on-deck-heres-how-it-will-fare

Countdown to Halliburton ( HAL ) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

Evaluate the expected performance of Halliburton (HAL) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

https://www.zacks.com/stock/news/2398151/countdown-to-halliburton-hal-q4-earnings-a-look-at-estimates-beyond-revenue-and-eps

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Halliburton Company Price History

07.10.2024 - HAL Stock was down 5.0%

• Halliburton (HAL) experienced a strong bearish movement today.
• The company reported Q3 earnings and revenues that missed estimates, signaling potential challenges in its financial performance.
• This disappointing financial data likely contributed to the bearish market movement as investors reevaluated their positions in the stock.
• The overall market sentiment towards Halliburton (HAL) may have been further dampened by the broader positive outlook on other stocks, diverting attention and capital away from HAL.

26.08.2024 - HAL Stock was down 5.1%

• Unusual options activity suggesting a bearish sentiment from deep-pocketed investors might have influenced the stock's decline.
• The recent launch of Octiv Auto Frac to improve fracturing operations was overshadowed by the bearish approach of significant investors, impacting Halliburton's overall market sentiment.
• The market's response to the bearish options activity appears to outweigh the potential long-term benefits of the new product launch, resulting in HAL's stock price decrease today.

19.07.2024 - HAL Stock was up 1.5%

• HAL stock showed significant upward movement today.
• The dividend announcement during market volatility demonstrates Halliburton's dedication to enhancing shareholder value.
• A noteworthy 77% year-over-year increase in Q1 profit and 11% revenue growth have bolstered investor confidence in HAL.
• Despite some bearish options activity, the positive financial results and dividend declaration likely overshadowed these concerns, contributing to the bullish market trend.

22.00.2025 - HAL Stock was down 5.0%

• HAL matched Q4 earnings estimates, but the market may have been expecting better performance, leading to the bearish movement.
• Analyst projections for key metrics may have fallen short of expectations, contributing to the negative market sentiment towards HAL.
• The news of HAL nearing a deal to increase production in Iraq could not offset concerns about weak North American activity impacting Q4 earnings, leading to the bearish trend.
• Investors awaiting HAL's Q4 earnings may have been disappointed by the lack of significant positive indicators in the company's performance, causing the stock to decline.

13.00.2025 - HAL Stock was up 2.9%

• The bullish movement in Halliburton's stock today can be attributed to the following factors:
• Despite the overall market downturn, Halliburton managed to close with a slight increase, showcasing its resilience in a challenging market environment.
• Investors may have reacted positively to specific company news or developments that were not influenced by the broader market sentiment.
• Halliburton's ability to maintain its stock price amidst a falling market could indicate strong fundamentals or strategic decisions that are being well-received by investors.
• The slight uptick in Halliburton's stock price could also be a result of sector-specific trends or expectations, separate from the general market direction.

06.11.2024 - HAL Stock was down 5.2%

• Possible reasons for HAL's bearish movement:
• HAL's stock exhibited a larger decline compared to the overall market, indicating specific company-related issues.
• The -1.9% change in HAL's stock price suggests that investors might have reacted negatively to recent company developments.
• Challenges or uncertainties in the energy sector overall could have impacted HAL's stock performance adversely.
• Concerns about HAL's financial health, growth prospects, or competitive position within the industry may have contributed to the bearish movement in the stock price.

19.11.2024 - HAL Stock was down 5.1%

• Concerns may have arisen over Halliburton's fracking methods following its collaboration with Diamondback Energy and VoltaGrid in deploying advanced electric simul-frac fleets in the Permian Basin, possibly affecting investor outlook.
• The technology and energy sectors experienced a decline in investor confidence, potentially triggered by a Wall Street analyst's downgrade of Electronic Arts, which may have contributed to Halliburton's bearish performance.
• The current market sentiment towards energy stocks could be influenced by the growing emphasis on low-carbon initiatives in the industry, potentially obscuring traditional players like Halliburton during today's trading session.

06.10.2024 - HAL Stock was up 6.2%

• Despite analysts estimating a decline in earnings for Halliburton, investors appear to be optimistic about the company's future performance, leading to a bullish movement in the stock.
• The market might be focusing on factors other than just earnings, such as potential growth opportunities or cost-saving measures implemented by Halliburton.
• This divergence between analyst expectations and market performance could indicate that investors are looking at the long-term prospects of the company rather than short-term earnings fluctuations.

19.06.2024 - HAL Stock was down 5.1%

• HAL recorded a rise in net income for the second quarter compared to the preceding quarter and the corresponding period last year, fueled by ongoing strong demand for international drilling. This favorable development may have initially instilled confidence among investors.
• Despite making gains internationally, HAL's revenue for the second quarter fell short of projections, particularly in the U.S. market. This shortfall may have raised concerns about the company's performance in its primary market.
• The overall decline in HAL's stock price might be attributed to the revenue shortfall and the challenges highlighted in the U.S. market, overshadowing the robust earnings growth posted for the quarter.
• While the upbeat earnings growth and profit increases generated from international demand by oilfield services companies like Halliburton could have offered some support, they were insufficient to counterbalance worries regarding HAL's U.S. market performance.

19.06.2024 - HAL Stock was down 5.5%

• Halliburton (HAL) reported earnings per share that met analyst estimates but missed revenue expectations for Q2 2024, leading to a bearish movement in the stock.
• Despite a rise in profit and strong earnings growth, the dip in revenue and weaker-than-expected performance in the U.S. market may have contributed to the negative market sentiment.
• The launch of Sensori, a new real-time subsurface feedback service, could be a positive development for the company in the long term, but the immediate focus remains on financial performance.
• The overall mixed results and market reaction suggest that investors are closely monitoring Halliburton's ability to navigate through market challenges and capitalize on international drilling demand amidst a competitive landscape.

19.06.2024 - HAL Stock was down 5.6%

• Q2 earnings for Halliburton were in line with expectations, but its revenue fell short, especially in the U.S. segment.
• The company's robust performance in international markets helped offset the challenges in North America.
• The introduction of Sensori, a new real-time subsurface feedback service, highlights Halliburton's emphasis on innovation and technology.
• The decline in HAL stock value may be linked to the revenue shortfall in the U.S. operations, despite meeting EPS forecasts and demonstrating strength in global markets.

02.07.2024 - HAL Stock was down 5.0%

• HAL stock faced a bearish movement today amidst a broad sell-off in the domestic market, with the Nifty50 and Sensex both experiencing significant declines.
• Despite Halliburton Co increasing its net profit by 16.2% in the second quarter, the stock did not perform well as revenue growth fell short of forecasts, possibly contributing to the negative market sentiment.
• The struggles of oilfield service firms like HAL amid mega-mergers in the oil sector, as noted by Baker Hughes and Schlumberger, could have added pressure on HAL's stock price.
• The uncertainty surrounding the upcoming U.S. presidential election and its potential impact on the oil and gas industry, a sector historically supported by former President Trump, might have also influenced the bearish movement of HAL stock.