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HAL

Halliburton NYSE:HAL Stock Report

Last Price

US$24.62

Market Cap

US$22.3b

7D

0.2%

1Y

10.5%

Updated

01 Oct, 2022

Data

Company Financials +
HAL fundamental analysis
Snowflake Score
Valuation6/6
Future Growth5/6
Past Performance5/6
Financial Health3/6
Dividends4/6

HAL Stock Overview

Halliburton Company provides products and services to the energy industry worldwide.

Halliburton Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Halliburton
Historical stock prices
Current Share PriceUS$24.62
52 Week HighUS$43.99
52 Week LowUS$20.77
Beta2.12
1 Month Change-14.93%
3 Month Change-21.67%
1 Year Change10.50%
3 Year Change32.72%
5 Year Change-44.98%
Change since IPO129.69%

Recent News & Updates

Sep 08

Halliburton sells Russia operations to team of former employees

Halliburton (NYSE:HAL) said Thursday it sold its Russia operations to a Russia-based management team made up of former employees of the firm. HAL no longer conducts operations in Russia. The Russia-based team now owns and operates HAL's former business in Russia under the name BurService, which is independent from HAL. Halliburton in Mar. suspended future business in Russia. According to J.P. Morgan, as much as 2% of HAL's revenue came from Russia.

Aug 29
Is Halliburton (NYSE:HAL) A Risky Investment?

Is Halliburton (NYSE:HAL) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

HALUS Energy ServicesUS Market
7D0.2%2.0%-2.5%
1Y10.5%4.8%-23.2%

Return vs Industry: HAL exceeded the US Energy Services industry which returned 4.8% over the past year.

Return vs Market: HAL exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is HAL's price volatile compared to industry and market?
HAL volatility
HAL Average Weekly Movement6.9%
Energy Services Industry Average Movement9.1%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.8%

Stable Share Price: HAL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: HAL's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191940,000Jeff Millerhttps://www.halliburton.com

Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning.

Halliburton Fundamentals Summary

How do Halliburton's earnings and revenue compare to its market cap?
HAL fundamental statistics
Market CapUS$22.33b
Earnings (TTM)US$1.43b
Revenue (TTM)US$17.50b

15.6x

P/E Ratio

1.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HAL income statement (TTM)
RevenueUS$17.50b
Cost of RevenueUS$15.08b
Gross ProfitUS$2.41b
Other ExpensesUS$981.00m
EarningsUS$1.43b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 25, 2022

Earnings per share (EPS)1.58
Gross Margin13.79%
Net Profit Margin8.19%
Debt/Equity Ratio119.3%

How did HAL perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

21%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HAL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HAL?

Other financial metrics that can be useful for relative valuation.

HAL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA9.7x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does HAL's PE Ratio compare to its peers?

HAL PE Ratio vs Peers
The above table shows the PE ratio for HAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.3x
SLB Schlumberger
19.4x19.2%US$50.8b
WHD Cactus
30.9x36.5%US$2.9b
PFHC ProFrac Holding
8x91.8%US$2.2b
RES RPC
18.8x27.2%US$1.5b
HAL Halliburton
15.6x21.6%US$22.3b

Price-To-Earnings vs Peers: HAL is good value based on its Price-To-Earnings Ratio (15.6x) compared to the peer average (19.3x).


Price to Earnings Ratio vs Industry

How does HAL's PE Ratio compare vs other companies in the US Energy Services Industry?

Price-To-Earnings vs Industry: HAL is good value based on its Price-To-Earnings Ratio (15.6x) compared to the US Energy Services industry average (25.5x)


Price to Earnings Ratio vs Fair Ratio

What is HAL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HAL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.6x
Fair PE Ratio23.7x

Price-To-Earnings vs Fair Ratio: HAL is good value based on its Price-To-Earnings Ratio (15.6x) compared to the estimated Fair Price-To-Earnings Ratio (23.7x).


Share Price vs Fair Value

What is the Fair Price of HAL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HAL ($24.62) is trading below our estimate of fair value ($42.27)

Significantly Below Fair Value: HAL is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Halliburton forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HAL's forecast earnings growth (21.6% per year) is above the savings rate (1.9%).

Earnings vs Market: HAL's earnings (21.6% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: HAL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HAL's revenue (9.2% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: HAL's revenue (9.2% 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 (23.1%)


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Past Performance

How has Halliburton performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-4.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HAL has high quality earnings.

Growing Profit Margin: HAL's current net profit margins (8.2%) are higher than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: HAL has become profitable over the past 5 years, growing earnings by -4.6% per year.

Accelerating Growth: HAL's earnings growth over the past year (887.6%) exceeds its 5-year average (-4.6% per year).

Earnings vs Industry: HAL earnings growth over the past year (887.6%) exceeded the Energy Services industry 44.1%.


Return on Equity

High ROE: Whilst HAL's Return on Equity (20.26%) is high, this metric is skewed due to their high level of debt.


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Financial Health

How is Halliburton's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HAL's short term assets ($10.3B) exceed its short term liabilities ($4.8B).

Long Term Liabilities: HAL's short term assets ($10.3B) do not cover its long term liabilities ($10.5B).


Debt to Equity History and Analysis

Debt Level: HAL's net debt to equity ratio (88.1%) is considered high.

Reducing Debt: HAL's debt to equity ratio has reduced from 124.5% to 119.3% over the past 5 years.

Debt Coverage: HAL's debt is not well covered by operating cash flow (19.1%).

Interest Coverage: HAL's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet


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Dividend

What is Halliburton current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.95%

Current Dividend Yield

Dividend Yield vs Market

Halliburton Dividend Yield vs Market
How does Halliburton dividend yield compare to the market?
SegmentDividend Yield
Company (Halliburton)1.9%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Energy Services)2.3%
Analyst forecast in 3 Years (Halliburton)2.3%

Notable Dividend: HAL's dividend (1.95%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: HAL's dividend (1.95%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Stability and Growth of Payments

Stable Dividend: HAL's dividend payments have been volatile in the past 10 years.

Growing Dividend: HAL's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (20.7%), HAL's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (61.2%), HAL's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Jeff Miller (58 yo)

8.08yrs

Tenure

US$23,591,982

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

Jeff Miller's Compensation vs Halliburton Earnings
How has Jeff Miller's remuneration changed compared to Halliburton's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$1b

Mar 31 2022n/an/a

US$2b

Dec 31 2021US$24mUS$2m

US$1b

Sep 30 2021n/an/a

US$398m

Jun 30 2021n/an/a

US$145m

Mar 31 2021n/an/a

-US$2b

Dec 31 2020US$22mUS$1m

-US$3b

Sep 30 2020n/an/a

-US$4b

Jun 30 2020n/an/a

-US$4b

Mar 31 2020n/an/a

-US$2b

Dec 31 2019US$13mUS$2m

-US$1b

Sep 30 2019n/an/a

US$1b

Jun 30 2019n/an/a

US$1b

Mar 31 2019n/an/a

US$2b

Dec 31 2018US$17mUS$1m

US$2b

Sep 30 2018n/an/a

US$187m

Jun 30 2018n/an/a

US$117m

Mar 31 2018n/an/a

-US$366m

Dec 31 2017US$23mUS$1m

-US$444m

Sep 30 2017n/an/a

US$212m

Jun 30 2017n/an/a

-US$147m

Mar 31 2017n/an/a

-US$3b

Dec 31 2016US$9mUS$970k

-US$6b

Sep 30 2016n/an/a

-US$6b

Jun 30 2016n/an/a

-US$6b

Mar 31 2016n/an/a

-US$2b

Dec 31 2015US$8mUS$978k

-US$666m

Compensation vs Market: Jeff's total compensation ($USD23.59M) is above average for companies of similar size in the US market ($USD13.04M).

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 (3.5 years average tenure).


Board Members

Experienced Board: HAL's board of directors are considered experienced (7.8 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.


Ownership Breakdown

What is the ownership structure of HAL?
Owner TypeNumber of SharesOwnership Percentage
State or Government405,0530.04%
Individual Insiders3,194,3800.4%
General Public147,981,09816.3%
Institutions755,363,80083.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 63.57% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11%
The Vanguard Group, Inc.
99,746,446$2.5b0.04%0.06%
9.15%
BlackRock, Inc.
82,983,953$2.0b13.8%0.05%
8.97%
Capital Research and Management Company
81,372,659$2.0b2.35%0.14%
6.41%
State Street Global Advisors, Inc.
58,142,233$1.4b0.65%0.08%
5.79%
FMR LLC
52,481,232$1.3b29.34%0.12%
2.35%
Norges Bank Investment Management
21,333,498$525.2m0%0.07%
2.29%
Sanders Capital, LLC
20,743,780$510.7m0.24%1.33%
1.95%
Geode Capital Management, LLC
17,728,025$436.5m4.57%0.06%
1.84%
Pzena Investment Management, Inc.
16,678,893$410.6m-26.75%1.31%
1.28%
T. Rowe Price Group, Inc.
11,629,366$286.3m-22.4%0.03%
1.27%
Van Eck Associates Corporation
11,559,068$284.6m-20%0.59%
1.06%
BNY Mellon Asset Management
9,589,117$236.1m-6.33%0.05%
1.04%
Boston Partners Global Investors, Inc.
9,398,224$231.4m-3.72%0.2%
1.02%
Northern Trust Global Investments
9,288,329$228.7m1.11%0.05%
0.96%
Union Asset Management Holding AG
8,702,321$214.3m-36.23%0.25%
0.89%
UBS Asset Management
8,062,424$198.5m43%0.04%
0.82%
Dimensional Fund Advisors LP
7,445,224$183.3m-4.37%0.05%
0.82%
Hotchkis and Wiley Capital Management, LLC
7,438,952$183.1m-5.91%0.72%
0.77%
Legal & General Investment Management Limited
6,976,857$171.8m7.94%0.05%
0.76%
Goldman Sachs Asset Management, L.P.
6,911,862$170.2m25.33%0.07%
0.72%
Morgan Stanley, Investment Banking and Brokerage Investments
6,571,200$161.8m15.91%0.03%
0.65%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
5,888,015$145.0m2.28%0.05%
0.6%
Barrow, Hanley, Mewhinney & Strauss, LLC
5,451,666$134.2m958.72%0.5%
0.59%
Fisher Asset Management, LLC
5,315,424$130.9m7.42%0.1%
0.56%
Charles Schwab Investment Management, Inc.
5,073,540$124.9m-0.78%0.03%

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$22.329b
  • Shares outstanding: 906.94m
  • Website: https://www.halliburton.com

Number of Employees


Location

  • Halliburton Company
  • 3000 North Sam Houston Parkway East
  • Houston
  • Texas
  • 77032
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HALNYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1968
HALSWX (SIX Swiss Exchange)YesCommon SharesCHCHFJan 1968
HALXTRA (XETRA Trading Platform)YesCommon SharesDEEURJan 1968
HALDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1968
HALSNSE (Santiago Stock Exchange)YesCommon SharesCLUSDJan 1968
HAL *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNJan 1968
0R23LSE (London Stock Exchange)YesCommon SharesGBUSDJan 1968
HALWBAG (Wiener Boerse AG)YesCommon SharesATEURJan 1968
HALETLX (Eurotlx)YesCommon SharesITEURJan 1968
HALCLSNSE (Santiago Stock Exchange)YesCommon SharesCLCLPJan 1968
HALI34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COM SHSBRBRLAug 2012
HALDBASE (Buenos Aires Stock Exchange)CEDEAR EACH 2 REPR 1 COMARUSDMar 2021
HALBASE (Buenos Aires Stock Exchange)CEDEAR EACH 2 REPR 1 COMARARSMar 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.