Halliburton's stock declines amid market weakness and earnings call announcement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Should l Buy HAL?
Halliburton Co's stock price fell by 5.02% during regular trading, crossing below the 20-day SMA, reflecting a challenging market environment. This decline occurs amid broader market weakness, with the Nasdaq-100 down 0.31% and the S&P 500 down 0.47%. The upcoming earnings call scheduled for January 21, 2026, has heightened investor focus on the company's performance, but the current market conditions suggest sector rotation may be influencing the stock's movement.
The stock's decline is attributed to sector rotation, as investors are reacting to the overall market sentiment, which is currently negative. Despite the scheduled earnings call, which typically generates interest, the prevailing market conditions have overshadowed this event, leading to a decrease in stock value. Investors are likely weighing the potential implications of the earnings report against the backdrop of a weakening market.
This situation highlights the importance of market conditions in influencing stock performance. While Halliburton's upcoming earnings call could provide insights into the company's financial health, the current market dynamics suggest that investors are cautious, leading to a decline in stock price.
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Analyst Views on HAL
Wall Street analysts forecast HAL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HAL is 32.31 USD with a low forecast of 28.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
12 Buy
6 Hold
0 Sell
Moderate Buy
Current: 33.840
Low
28.00
Averages
32.31
High
39.00
Current: 33.840
Low
28.00
Averages
32.31
High
39.00
About HAL
Halliburton Company is a provider of products and services to the energy industry. The Company operates through two segments: Completion and Production and the Drilling and Evaluation. The Completion and Production segment delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and completion products and services. The segment consists of artificial lift, cementing, completion tools, pipeline and process services, production enhancement, and production solutions. The Drilling and Evaluation segment provides field and reservoir modeling, drilling fluids, evaluation and precise wellbore placement solutions that enable customers to model, measure, drill, and optimize their well construction activities. Its product service lines include Baroid, drill bits and services, Halliburton project management, landmark software and services, Sperry drilling, testing and subsea and wireline and perforating.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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