NYSEEnergyOil & Gas Equipment & ServicesSnapshot 2026-08-31
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Create your account →Warn: Recent financial performance slipped notably this past month, though still top-half.
Halliburton is one of the largest oilfield service companies with global reach. It beat earnings estimates recently with EPS of $0.6 in Q1 2026 and $0.69 in Q4 2025. The company guides revenue above $5.4 billion and operating margin at least 13% next quarter. Free cash flow is expected to rise to $1.857 billion in 2026, showing strong cash generation.
The stock is selling off with a 21% drop from its high, reflecting market concerns. Revenue growth is modest at about 4.3% expected by analysts. The sector faces headwinds and the company’s capital discipline and share repurchase progress is mixed. If demand weakens, margins and cash flow could fall.
The price is about 6% below our fair value near $36, which is 11% below the Street median target of $40. The market expects about 4% revenue growth. Our view is aligned with moderate growth but cautious on margin and capital execution risks.
Breaks if: Share repurchases fall below $100M per quarter
Breaks if: Free cash flow falls below $1.857B in FY26
Breaks if: Operating margin falls below 13% next quarter
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable company in the energy sector with a focus on returns and capital discipline. The current thesis is watchful due to recent strong financial performance, but there are concerns about execution quality and sector volatility.
The market appears to have priced in a neutral valuation compared to peers, with a slight expectation gap. The current valuation reflects a cheap position relative to competitors, but the overall confidence in the model is low.
Management's focus on returns and capital discipline is likely to support ongoing strong financial performance. However, the fragile earnings quality and recent slip in performance suggest caution in the near term.
The long-term thesis hinges on external factors like inflation trends and the performance of sector leaders. Additionally, any guidance cuts from management could negatively impact sentiment and expectations.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this view. The focus on returns and capital discipline also adds strength. Additionally, new contracts expand international contract awards and integrated well delivery. There are no new threats to the thesis.
as of 2026-08-31
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Revenue falls below $5.4B next quarter
In the 1 to 3 year view, Halliburton's performance will depend on management execution and sector dynamics. Not investment advice.
