HAL Stock Summary and Trading Ideas (Halliburton Company | NYSE:HAL)

Halliburton is North America's largest oilfield service company as measured by market share. Despite industry fragmentation, it holds a leading position in the hydraulic fracturing and completions market, which makes up nearly half of its revenue. It also holds strong positions in other service offerings like drilling and completions fluids, which leverages its expertise in material science, as well as the directional drilling market. While we consider SLB the global leader in reservoir evaluation, we think Halliburton leads in any activity from the reservoir to the wellbore. The firm's innovations have helped multiple producers lower their development costs per barrel of oil equivalent, with techniques that have been homed in over a century of operations.

Halliburton Company trades on the NYSE stock market under the symbol HAL.

As of January 15, 2025, HAL stock price climbed to $28.91 with 8,279,133 million shares trading.

HAL has a beta of 0.60, meaning it tends to be less sensitive to market movements. HAL has a correlation of 0.05 to the broad based SPY ETF.

HAL has a market cap of $25.40 billion. This is considered a Large Cap stock.

Last quarter Halliburton Company reported $6 billion in Revenue and $.73 earnings per share. This fell short of revenue expectation by $-133 million and missed earnings estimates by -$.02.

In the last 3 years, HAL traded as high as $43.99 and as low as $23.30.

The top ETF exchange traded funds that HAL belongs to (by Net Assets): VTI, VOO, XLE, VO, COWZ.

HAL has underperformed the market in the last year with a return of -14.2%, while the SPY ETF gained +25.8%. In the last 3 month period, HAL fell short of the market, returning -4.9%, while SPY returned +1.8%. However, in the most recent 2 weeks HAL has outperformed the stock market by returning +6.3%, while SPY returned +1.1%.

HAL support price is $27.62 and resistance is $28.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HAL shares will trade within this expected range on the day.