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Halliburton Co HAL

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Stock XNYS Rating as of
$37.52 −0.17 (0.45%)
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As of Delayed Price Post-Trading: $37.52 0.00
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Company Report

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Halliburton Earnings: Strong International Growth Offsets Subdued North American Activity

Katherine Olexa

Halliburton's third-quarter earnings fell in line with our expectations, with revenue increasing 8% year over year, led by the firm's completions and production segment. The firmwide operating margin was 18%, up nearly 250 basis points compared with the third quarter of 2022, reflecting strong international drilling and completions activity. We maintain our $40 per share fair value estimate and narrow-moat rating following results.

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Price vs Fair Value

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HAL is trading at a 6% discount.
Price
$37.69
Fair Value
$85.00
Uncertainty
High
1-Star Price
$16.00
5-Star Price
$23.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

High demand for electric frac spreads will allow Halliburton to maintain premium prices in North America for at least a decade.

Bears

As the North American shale market grows increasingly commoditized and consolidated, Halliburton will encounter difficulties in continuing to extract value from the industry over time.

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News

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Trading Information

Previous Close Price
$37.69
Day Range
$37.33–37.88
52-Week Range
$27.84–43.85
Bid/Ask
$37.51 / $37.54
Market Cap
$33.58 Bil
Volume/Avg
6.1 Mil / 6.5 Mil

Key Statistics

Price/Earnings (Normalized)
12.56
Price/Sales
1.49
Dividend Yield
1.59%
Dividend Yield (Forward)
1.70%
Total Yield
1.65%

Company Profile

Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others. It’s the largest pressure pumper in North America, and has been a leading innovator in hydraulic fracturing over the past two decades.
Sector
Energy
Industry
Oil & Gas Equipment & Services
Stock Style Box
Mid Growth
Total Number of Employees
48,000
Website
https://www.halliburton.com

Competitors

Valuation

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Metric
HAL
WFRD
SLB
Price/Earnings (Normalized)
 12.5618.5618.50
Price/Book Value
 3.698.993.86
Price/Sales
 1.491.362.37
Price/Cash Flow
 8.449.7311.61
Price/Earnings
HAL
WFRD
SLB

Financial Strength

Metric
HAL
WFRD
SLB
Quick Ratio
 1.321.210.94
Current Ratio
 2.141.861.36
Interest Coverage
 10.974.4711.33
Quick Ratio
HAL
WFRD
SLB

Profitability

Metric
HAL
WFRD
SLB
Return on Assets (Normalized)
 11.50%8.49%9.22%
Return on Equity (Normalized)
 32.44%68.35%22.48%
Return on Invested Capital (Normalized)
 17.17%17.42%14.02%
Return on Assets
HAL
WFRD
SLB

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