HAL

Halliburton Company

EnergyOil & Gas Equipment & ServicesNASDAQ

$38.85

-$2.88 (-7.41%)today

Conviction

6/ 10

Fair Value$37.50

Upside-3.48%

Signal0

Market Cap$31.5B

52W Range$18.75–$41.18

Next EarningsApr 21

Conviction History

Conviction Changes

Mar 18, 2026, 9:07 PM5→6conviction-rescore

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Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 92% valid

Fair Value$31.39

Current Price$40.42

Upside / Down-22.3%

P(Undervalued)31.4%

P(20%+ Up)18.9%

P(15%+ Down)56.3%

Fair Value Distribution — percentile bands

31.4% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

6.5%/yr

±11.4% · revenue growth to justify current price

FCF-Based Reverse DCF

7.2%/yr

±3.1% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

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Bull Case

Halliburton oilfield services; international rig count growth; technology services margin expansion.

Bear Case

US land activity decline; oil price sensitivity; Iran war end scenario removes premium.

Updated Apr 7

Research Feed

sec_10kMar 3

Conviction: unchanged

HAL 2025 10-K: Margin Compression Amid Activity Decline

Halliburton facing demand headwinds and margin compression in 2025. Revenue down 3%, but operating income fell 41% as C&P and D&E segments deleverage with lower activity. 2026 outlook cautiously expec...