Halliburton Q1 Earnings Announcement Scheduled
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy HAL?
Source: seekingalpha
- Earnings Release Date: Halliburton (HAL) is set to announce its Q1 2023 earnings on April 21 before market open, with consensus EPS estimate at $0.50, reflecting a 16.7% year-over-year decline, and revenue estimate at $5.3 billion, down 2.2% year-over-year, indicating market pressures.
- Historical Performance Review: Over the past two years, Halliburton has beaten EPS estimates 50% of the time and revenue estimates 63% of the time, demonstrating resilience in profitability despite market fluctuations.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen 5 upward revisions and 9 downward revisions, while revenue estimates have experienced 11 upward revisions and 5 downward revisions, reflecting analyst divergence and market uncertainty regarding the company's future performance.
- Market Outlook: With rising oil prices, there is a general expectation that Halliburton's earnings forecasts may improve, which could not only enhance the company's financial performance but also bolster investor confidence in its future growth potential.
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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: 39.650
Low
28.00
Averages
32.31
High
39.00
Current: 39.650
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, multi-chem, 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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- Increased Capital Budgets: U.S. oil companies are expected to raise their capital budgets to drill more wells, as Halliburton has noted signs of a recovery in North American drilling activity, with customers seeking to complete more wells, which will enhance revenue and margins for oilfield service companies.
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- Market Reaction: This upgrade in rating and price target may positively impact Halliburton's stock price, further enhancing its market position within the energy sector.
- Investor Confidence: With the rating increase, investors may reassess their portfolios and increase their investments in Halliburton, thereby driving the company's stock price upward.
See More
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- Market Impact: This adjustment reflects the company's positive outlook and potential growth in the market.
See More
Halliburton (HAL) Q1 2026 Earnings Transcript
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- Rising Global Investment Demand: SLB and Baker Hughes anticipate significant increases in oil and gas exploration and production investments in North America due to tighter global supplies from the Middle East conflict, particularly in liquefied natural gas projects to meet rising demand.
- Middle East Revenue Decline: SLB reported a 10% drop in revenue from the Middle East and Asia to $2.69 billion in Q1, primarily impacted by Qatar's force majeure and security issues in Iraq, with expectations of a 6 to 8 cents per share decrease in Q2 earnings.
- Stock Price Recovery: Baker Hughes shares rose to $68.61, the highest since 2007, while SLB shares increased to $56.55, reflecting market optimism regarding future investment prospects in the oilfield services sector.
- Infrastructure Repair Demand: Analysts expect a resurgence in industry activity as the conflict subsides, with Rystad Energy projecting repair costs could reach $58 billion, indicating strong growth years in 2027 and 2028 driven by changes in oil market fundamentals.
See More
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- NVIDIA Upgrade: Hunting Alphas has upgraded NVIDIA (NVDA) to Buy, citing an attractive valuation discount as the AI supercycle begins, with strong GPU pricing power expected to support aggressive investments in new products.
- 3M Upgrade: Bay Area Ideas upgraded 3M (MMM) from Hold to Buy, viewing a forward P/E of 17x as a reasonable entry point, with potential catalysts like the Madison Fire & Rescue acquisition enhancing the long-term outlook despite mixed near-term fundamentals.
- Halliburton Downgrade: Zoltan Ban downgraded Halliburton (HAL) to Hold, noting that while Q1 results were resilient, the stock's valuation limits further upside, requiring an improved external environment for significant price increases.
- Amazon Downgrade: JR Research downgraded Amazon (AMZN) to Hold, arguing that while AWS and AI monetization are strong, the current 32x forward earnings valuation reflects these positives, with free cash flow volatility posing significant risks.
See More
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- Sustained High Oil Prices: The closure of the Strait of Hormuz results in a daily global economic loss of 10 to 15 million barrels of oil, leading to expectations that oil prices will remain above $90, significantly boosting oil company profitability, with ExxonMobil estimating an additional $700 million in annual earnings for every $1 increase in oil prices.
- Increased Capital Budgets: U.S. oil companies are expected to raise their capital budgets to drill more wells, as Halliburton has noted signs of a recovery in North American drilling activity, with customers seeking to complete more wells, which will enhance revenue and margins for oilfield service companies.
- Production Recovery Challenges: Even if the Strait of Hormuz reopens following a peace deal, it could take months for the Navy to clear mines and for oil companies to restore production from shut-in wells, indicating that oil prices will remain high long after the war ends, further enhancing oil company profitability.
- Emerging Investment Opportunities: Given the high oil prices, investors can capitalize on this opportunity by investing in oil giants like ExxonMobil, oilfield service leaders such as Halliburton, or oil ETFs, as these companies are likely to benefit from high prices and increase investments in new wells.
See More
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- Rating Upgrade: Halliburton (HAL) has received an overweight rating, reflecting analysts' optimistic expectations for its future performance, which is likely to boost investor confidence.
- Price Target Set: The average price target is set at $41.63, indicating a positive outlook on the company's future profitability, potentially attracting more investor interest.
- Market Reaction: This upgrade in rating and price target may positively impact Halliburton's stock price, further enhancing its market position within the energy sector.
- Investor Confidence: With the rating increase, investors may reassess their portfolios and increase their investments in Halliburton, thereby driving the company's stock price upward.
See More
HALLIBURTON CO: MORGAN STANLEY INCREASES TARGET PRICE FROM $40.00 TO $42.00
- Target Price Increase: Halliburton has raised its target price to $42.00 from $40.00.
- Market Impact: This adjustment reflects the company's positive outlook and potential growth in the market.
See More
Halliburton (HAL) Q1 2026 Earnings Transcript
See More
