Halliburton Company (HAL) Stock Analysis — Fair Value, Risk & Moat Rating
NYQ · Energy · Oil & Gas Equipment & Services
Is Halliburton Company a safe investment right now?
Halliburton Company's Altman Z-Score of 3.64 places it in the safe zone. Our fair value estimate is $34.78 (Fairly Valued). Moat rating: 3.4/5 stars.
Could Halliburton Company go bankrupt? Altman Z-Score analysis
Z-Score of 3.64 is above 3.0, indicating the company is financially healthy by this metric.
- Below 1.8 — Distress Zone (high bankruptcy risk)
- 1.8 to 3.0 — Gray Zone (elevated uncertainty)
- Above 3.0 — Safe Zone (financially healthy)
What drives HAL's Z-Score?
| Component | Formula | Value | Weight | Contribution |
|---|---|---|---|---|
| A · Working Capital / Total Assets | WC / TA | 0.2323 | 1.2 | 0.28 |
| B · Retained Earnings / Total Assets | RE / TA | 0.6012 | 1.4 | 0.84 |
| C · EBIT / Total Assets | EBIT / TA | 0.0849 | 3.3 | 0.28 |
| D · Market Cap / Total Liabilities | MCap / TL | 2.2583 | 0.6 | 1.35 |
| E · Revenue / Total Assets | Rev / TA | 0.887 | 1.0 | 0.89 |
How has HAL's financial health changed over time?
| Year | Z-Score | Zone |
|---|---|---|
| 2022 | 3.45 | Safe |
| 2023 | 3.72 | Safe |
| 2024 | 3.75 | Safe |
| 2025 | 3.64 | Safe |
Source: Calculated from HAL's latest 10-K filing on SEC EDGAR.
What is Halliburton Company actually worth?
How we calculated this
| Input | Value | Source |
|---|---|---|
| Predicted EPS (α) | $1.89 | Proprietary blend of reported actuals (1Q actual) + analyst consensus, weighted by α |
| Last Year EPS | $1.50 | Annual report (SEC EDGAR) |
| Analyst Consensus EPS (This Year) | $2.21 | 25 analysts consensus |
| Trailing P/E | 21.6x | Current market pricing |
| Fair P/E (β discount) | 18.4x | Trailing PE adjusted by value discount factor β, hard-capped |
| Earnings Trend (γ) | Growing | Directional signal: predicted vs trailing EPS |
Wall Street Reference: Analyst consensus target price is $39.30 (25 analysts). This is shown for reference only and is not used in our valuation model.
Source: Earnings data from SEC EDGAR filings. Market data via Yahoo Finance.
Does Halliburton Company have a durable competitive advantage?
Moat rating: 3.4/5.
What makes up HAL's moat score?
ROIC Stability
ROIC variability over the past decade. Score: 4/5.
Gross Margin Trend
Gross margin trajectory over the past decade. Score: 3/5.
Switching Costs
Estimated customer lock-in based on margin level. Score: 3/5.
How stable is HAL's return on invested capital?
| Year | ROIC | Trend |
|---|---|---|
| 2022 | 16.4% | — |
| 2023 | 22.1% | Rising |
| 2024 | 19.9% | Declining |
| 2025 | 12.0% | Declining |
Source: ROIC calculated from SEC EDGAR filings.
Is Halliburton Company's dividend safe?
Can Halliburton Company afford its dividend?
Payout ratio is 37.6%. FCF covers the dividend 2.8x. 55 consecutive years of payments.
Halliburton Company's key financial metrics
| Metric | Latest | 1Y Ago | 3Y Ago | Trend |
|---|---|---|---|---|
| Revenue | $22.2B | $22.9B | $20.3B | Rising |
| Net Income | $1.3B | $2.5B | $1.6B | Declining |
| Free Cash Flow | $1.7B | $2.4B | $1.2B | Rising |
| Gross Margin | 15.7% | 18.8% | 16.3% | Stable |
Recent events that affect our HAL analysis
HAL analyst consensus: 67% bullish (18 of 27 analysts)
4 Strong Buy, 14 Buy, 6 Hold, 1 Sell, 2 Strong Sell. Consensus target: $39.30 (0.5% upside). Compare with our independent Fair Value: $34.78.
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL paid $0.1700/share dividend
Dividend Safety Grade: A. Payout ratio: 37.6%.
HAL filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL paid $0.1700/share dividend
Dividend Safety Grade: A. Payout ratio: 37.6%.
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL paid $0.1700/share dividend
Dividend Safety Grade: A. Payout ratio: 37.6%.
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL paid $0.1700/share dividend
Dividend Safety Grade: A. Payout ratio: 37.6%.
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL paid $0.1700/share dividend
Dividend Safety Grade: A. Payout ratio: 37.6%.
HAL filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
HAL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
Common questions about Halliburton Company
What is Halliburton Company stock price today?
Halliburton Company (HAL) stock price is $39.11 as of the latest market close, traded on the NYSE exchange.
What does Halliburton Company do?
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; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger systems, sand control systems, multilateral systems, and service tools.
What is Halliburton Company market cap?
Halliburton Company has a market capitalization of $32.76B, classifying it as a large-cap stock in the Energy sector.
What sector and industry is HAL in?
Halliburton Company operates in the Energy sector, specifically within the Oil & Gas Equipment & Services industry. It trades on the NYSE under the ticker symbol HAL.
Is HAL stock overvalued or undervalued?
Based on our valuation model, Halliburton Company trades 12.4% above our fair value estimate — potentially overvalued.
- FairValueLabs Fair Value: $34.78
- Current Price: $39.11
- Valuation Zone: Fairly Valued
What is HAL stock forecast and analyst target price?
Based on 25 Wall Street analysts, the consensus price target for Halliburton Company is $39.30, implying upside of 0.5% from the current price.
- Analyst High Target: $46.48
- Analyst Low Target: $29.00
Note: Analyst targets are shown for reference and are not used in our valuation model.
Is Halliburton Company revenue and earnings growing?
Here are the analyst consensus growth estimates for Halliburton Company:
- Revenue growth (current year est.): -2.5%
- EPS growth (current year est.): -8.6%
- Revenue growth (next year est.): 4.8%
- EPS growth (next year est.): 23.5%
What are Halliburton Company's key financial metrics?
| Metric | Latest | Trend |
|---|---|---|
| Revenue | $22.2B | Rising |
| Net Income | $1.3B | Declining |
| Free Cash Flow | $1.7B | Rising |
| Gross Margin | 15.7% | Stable |
What is HAL's P/E ratio?
The price-to-earnings ratio measures how much investors pay per dollar of earnings:
- Trailing P/E (last 12 months): 21.6x
- Forward P/E (next 12 months est.): 13.7x
- FairValueLabs Fair P/E: 18.4x
How volatile is HAL stock?
Halliburton Company has a beta of 0.69, meaning it is less volatile than the broader market. A beta above 1.0 indicates higher price swings relative to the S&P 500, while below 1.0 suggests more stability.
How much cash and debt does Halliburton Company have?
Halliburton Company's balance sheet shows:
- Total Cash: $2.00B
- Total Debt: $8.08B
- Net Cash Position: $-6.08B
A positive net cash position means the company holds more cash than debt, reducing financial risk.
What is Halliburton Company's free cash flow?
Halliburton Company generated $2.03B in trailing twelve-month free cash flow (from $2.82B in operating cash flow). Free cash flow represents the cash available for dividends, buybacks, and debt reduction after all capital expenditures.
Does Halliburton Company pay a dividend, and is it safe?
Yes, Halliburton Company pays a regular dividend. Here are the key metrics:
- Dividend Yield: 1.8%
- Payout Ratio: 37.6%
- Consecutive Years Paid: 55
- 5-Year Dividend Growth: -1.1%
- FairValueLabs Safety Grade: A
Is Halliburton Company at risk of going bankrupt?
Halliburton Company's Altman Z-Score is 3.64, placing it in the safe zone (above 3.0) — bankruptcy risk is low. The Z-Score uses five balance sheet ratios to predict bankruptcy probability within two years.
Does Halliburton Company have a durable competitive advantage?
Halliburton Company scores 3.4/5 stars (Narrow moat) in our moat analysis:
- ROIC Stability: 4/5
- Gross Margin Trend: 3/5
- Switching Costs: 3/5
A score above 3.5 suggests meaningful pricing power and a defensible market position.
What is HAL's return on equity (ROE)?
Halliburton Company's return on equity is 14.6%. ROE measures how efficiently a company generates profits from shareholder equity. An ROE above 15% is generally considered strong, while below 10% may signal inefficiency.
How do I buy HAL stock?
HAL shares can be purchased through any brokerage account that provides access to the NYSE. Common steps:
- Open an account with a broker (e.g., Fidelity, Schwab, Interactive Brokers)
- Search for ticker symbol HAL
- Place a market or limit order for your desired number of shares
This is not investment advice. Always do your own research before buying any stock.
Is HAL a value stock or speculative?
FairValueLabs classifies Halliburton Company as Value Investment. It exhibits consistent profitability, reasonable valuation, and financial stability — characteristics of a traditional value investment.
Who is the CEO of Halliburton Company?
The current CEO of Halliburton Company is Mr. Jeffrey Allen Miller CPA.
What is HAL's earnings per share (EPS)?
Earnings per share measures the company's profit allocated to each outstanding share:
- Trailing EPS (last 12 months): $1.81
- Forward EPS (next 12 months est.): $2.85
- Analyst consensus EPS (this year): $2.21
- Analyst consensus EPS (next year): $2.73
Other Energy companies analyzed by FairValueLabs
FairValueLabs Disclaimer
All valuations, scores, ratings, and classifications on this page are produced by the FairValueLabs internal valuation system. They do not represent actual market value, guaranteed outcomes, or professional investment advice. These are analytical estimates for educational and research purposes only.
This is not financial advice. All data is sourced from SEC EDGAR public filings. Always consult a qualified financial advisor before making investment decisions.
Last updated: Apr 22, 2026. Data sources: SEC EDGAR (financial statements), Yahoo Finance (market data, analyst consensus). Data may not reflect the most recent quarter.
HAL analysis methodology: How we calculate fair value, Z-Scores, and moat ratings