Halliburton Acquires Sekal to Boost Drilling Automation Services
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2026
0mins
Should l Buy HAL?
Source: seekingalpha
Halliburton Co's stock fell 5.99% in pre-market trading, crossing below its 5-day SMA. The decline comes despite the company's recent acquisition of Norwegian automated driller Sekal, aimed at enhancing its drilling automation services. This strategic move is expected to maximize customer asset value and strengthen Halliburton's competitive position in the market, as it combines its LOGIX automation with Sekal's advanced DrillTronics platform, which has been utilized in over 1,300 wells globally.
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Analyst Views on HAL
Wall Street analysts forecast HAL stock price to fall
18 Analyst Rating
12 Buy
6 Hold
0 Sell
Moderate Buy
Current: 37.800
Low
28.00
Averages
32.31
High
39.00
Current: 37.800
Low
28.00
Averages
32.31
High
39.00
About HAL
Halliburton Company is a provider of products and services to the energy industry. It 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. It also provides advanced drilling automation solutions.
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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