| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
HAL Stock Overview
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide.
Halliburton Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$28.74 |
| 52 Week High | US$28.85 |
| 52 Week Low | US$17.23 |
| Beta | 2.76 |
| 1 Month Change | 29.99% |
| 3 Month Change | 10.50% |
| 1 Year Change | 38.57% |
| 3 Year Change | -10.88% |
| 5 Year Change | -49.09% |
| Change since IPO | 168.13% |
Recent News & Updates
Does Halliburton (NYSE:HAL) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Halliburton: Dwindling Shale DUCs Is Good News
Since the peak in DUCs in the summer of 2020, the number of drilled but uncompleted wells declined by almost half. At some point in 2022 shale producers will have to ramp up drilling, just to stem a decline in production, since they can no longer rely on their DUC inventories. Halliburton is already forecasting a significant increase in drilling demand this year. The DUC situation, coupled with a shale industry desire to increase production, can lead to an upside surprise.
Halliburton Still Has 30% Upside Potential Over The Next Two Years
The stock of HAL has incurred a correction lately, primarily due to the propagation of the omicron variant. As a result, the stock has become attractive. It is currently trading at only 10.4 times its expected earnings in 2023. HAL has entered a multi-year growth cycle.
Shareholder Returns
| HAL | US Energy Services | US Market | |
|---|---|---|---|
| 7D | 10.5% | 7.2% | -0.5% |
| 1Y | 38.6% | 29.6% | 13.7% |
Return vs Industry: HAL exceeded the US Energy Services industry which returned 29.6% over the past year.
Return vs Market: HAL exceeded the US Market which returned 13.7% over the past year.
Price Volatility
| HAL volatility | |
|---|---|
| HAL Average Weekly Movement | 5.7% |
| Energy Services Industry Average Movement | 7.4% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: HAL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: HAL's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1919 | 40,000 | Jeff Miller | https://www.halliburton.com |
Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company’s Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as well bonding and casing, as well as provides casing equipment. It also provides completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger and sand control systems, and service tools; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, pumping services, and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.
Halliburton Fundamentals Summary
| HAL fundamental statistics | |
|---|---|
| Market Cap | US$25.73b |
| Earnings (TTM) | US$398.00m |
| Revenue (TTM) | US$14.26b |
64.6x
P/E Ratio1.8x
P/S RatioIs HAL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HAL income statement (TTM) | |
|---|---|
| Revenue | US$14.26b |
| Cost of Revenue | US$13.46b |
| Gross Profit | US$791.00m |
| Expenses | US$393.00m |
| Earnings | US$398.00m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jan 24, 2022
| Earnings per share (EPS) | 0.44 |
| Gross Margin | 5.55% |
| Net Profit Margin | 2.79% |
| Debt/Equity Ratio | 160.5% |
How did HAL perform over the long term?
See historical performance and comparisonDividends
0.6%
Current Dividend Yield40%
Payout RatioValuation
Is Halliburton undervalued compared to its fair value and its price relative to the market?
35.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HAL ($28.74) is trading below our estimate of fair value ($44.39)
Significantly Below Fair Value: HAL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HAL is poor value based on its PE Ratio (64.6x) compared to the US Energy Services industry average (36.5x).
PE vs Market: HAL is poor value based on its PE Ratio (64.6x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: HAL is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: HAL is overvalued based on its PB Ratio (4.5x) compared to the US Energy Services industry average (1.2x).
Future Growth
How is Halliburton forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?
45.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HAL's forecast earnings growth (45.7% per year) is above the savings rate (2%).
Earnings vs Market: HAL's earnings (45.7% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HAL's revenue (10.5% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: HAL's revenue (10.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HAL's Return on Equity is forecast to be high in 3 years time (23.5%)
Past Performance
How has Halliburton performed over the past 5 years?
14.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HAL has a large one-off loss of $299.0M impacting its September 30 2021 financial results.
Growing Profit Margin: HAL became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: HAL has become profitable over the past 5 years, growing earnings by 14.3% per year.
Accelerating Growth: HAL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HAL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Energy Services industry (-2.7%).
Return on Equity
High ROE: HAL's Return on Equity (7.3%) is considered low.
Financial Health
How is Halliburton's financial position?
Financial Position Analysis
Short Term Liabilities: HAL's short term assets ($9.4B) exceed its short term liabilities ($3.9B).
Long Term Liabilities: HAL's short term assets ($9.4B) do not cover its long term liabilities ($11.4B).
Debt to Equity History and Analysis
Debt Level: HAL's net debt to equity ratio (114.2%) is considered high.
Reducing Debt: HAL's debt to equity ratio has increased from 126.7% to 160.5% over the past 5 years.
Debt Coverage: HAL's debt is well covered by operating cash flow (20.4%).
Interest Coverage: HAL's interest payments on its debt are not well covered by EBIT (3x coverage).
Balance Sheet
Dividend
What is Halliburton current dividend yield, its reliability and sustainability?
0.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HAL's dividend (0.63%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: HAL's dividend (0.63%) is low compared to the top 25% of dividend payers in the US market (3.44%).
Stability and Growth of Payments
Stable Dividend: HAL is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: HAL is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: HAL is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HAL's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
Jeff Miller (57 yo)
7.42yrs
Tenure
US$22,319,385
Compensation
Mr. Jeffrey Allen Miller, also known as Jeff, has been the President of Halliburton Company since August 1, 2014 and its Chief Executive Officer since June 1, 2017. Mr. Miller serves as Chairman of the boa...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD22.32M) is above average for companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: HAL's management team is considered experienced (3.2 years average tenure).
Board Members
Experienced Board: HAL's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Halliburton Company's employee growth, exchange listings and data sources
Key Information
- Name: Halliburton Company
- Ticker: HAL
- Exchange: NYSE
- Founded: 1919
- Industry: Oil and Gas Equipment and Services
- Sector: Energy
- Implied Market Cap: US$25.726b
- Shares outstanding: 895.12m
- Website: https://www.halliburton.com
Number of Employees
Location
- Halliburton Company
- 3000 North Sam Houston Parkway East
- Houston
- Texas
- 77032
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:12 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.