Halliburton (HAL) ended the recent trading session at $35.21, demonstrating a +2.38% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.79%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 1.55%.
Shares of the provider of drilling services to oil and gas operators have depreciated by 13.16% over the course of the past month, underperforming the Oils-Energy sector's loss of 3.33%, and the S&P 500's gain of 4.28%.
Analysts and investors alike will be keeping a close eye on the performance of Halliburton in its upcoming earnings disclosure. The company's earnings report is set to go public on July 21, 2026. On that day, Halliburton is projected to report earnings of $0.54 per share, which would represent a year-over-year decline of 1.82%. Meanwhile, our latest consensus estimate is calling for revenue of $5.48 billion, down 0.5% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.34 per share and a revenue of $22.23 billion, demonstrating changes of -3.31% and +0.23%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Halliburton. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. The Zacks Consensus EPS estimate has moved 0.09% higher within the past month. Halliburton is currently a Zacks Rank #2 (Buy).
With respect to valuation, Halliburton is currently being traded at a Forward P/E ratio of 14.67. This indicates a discount in contrast to its industry's Forward P/E of 22.27.
We can additionally observe that HAL currently boasts a PEG ratio of 1.49. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 2.06 based on yesterday's closing prices.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Halliburton Company (HAL): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).