Is It Time To Reassess Halliburton (HAL) After Its Recent Share Price Recovery?

Simply Wall St.02-19

If you are wondering whether Halliburton’s current share price reflects its real worth, this article walks through the numbers so you can judge the value story for yourself. With the stock last ...

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With the stock last ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/energy/nyse-hal/halliburton/news/is-it-time-to-reassess-halliburton-hal-after-its-recent-shar\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DCF","symbol_name":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","start_time":0,"source_url":"https://simplywall.st/stocks/us/energy/nyse-hal/halliburton/news/is-it-time-to-reassess-halliburton-hal-after-its-recent-shar","article_id":"2612428731","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/1022000-choice2-main-header/1585186558401"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/energy/nyse-hal/halliburton/news/is-it-time-to-reassess-halliburton-hal-after-its-recent-shar","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2612428731","pubTimestamp":1771436102,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"If you are wondering whether Halliburton’s current share price reflects its real worth, this article walks through the numbers so you can judge the value story for yourself.\nWith the stock last closing at US$33.71 and returns of 3.5% over 30 days, 13.9% year to date, 29.9% over 1 year, a 0.9% decline over 3 years, and 76.2% over 5 years, many investors are reassessing what they are willing to pay for the business.\nRecent coverage has focused on Halliburton’s role as a major oilfield services...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"DCF":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","LU0256331488.USD":"SCHRODER ISF GLOBAL ENERGY \"A\" ACC","BK7054":"投资银行业与经纪业","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","HAL":"哈里伯顿","BK4588":"碎股","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","BK4585":"ETF&股票定投概念","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","BK4179":"石油天然气设备与服务","HAL.AU":"HALO TECHNOLOGIES HOLDINGS L"},"translate_title":"哈里伯顿（HAL）近期股价回升后，是时候重新评估其股价了吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DCF":1,"HAL.AU":1.5,"HAL":1.5},"content_text":"If you are wondering whether Halliburton’s current share price reflects its real worth, this article walks through the numbers so you can judge the value story for yourself. With the stock last closing at US$33.71 and returns of 3.5% over 30 days, 13.9% year to date, 29.9% over 1 year, a 0.9% decline over 3 years, and 76.2% over 5 years, many investors are reassessing what they are willing to pay for the business. Recent coverage has focused on Halliburton’s role as a major oilfield services provider and how sentiment around energy spending and oil and gas activity influences expectations for its contract pipeline and service demand. This backdrop helps explain why the share price has moved unevenly over the last few years as investors react to shifting expectations for project activity and capital budgets across the sector. Halliburton currently has a valuation score of 4 out of 6. We will unpack this using several standard valuation approaches next, before finishing with a more holistic way to think about what that score really means for long term investors.  Find out why Halliburton's 29.9% return over the last year is lagging behind its peers. AdvertisementApproach 1: Halliburton Discounted Cash Flow (DCF) Analysis A Discounted Cash Flow, or DCF, model estimates what a business could be worth today by projecting its future cash flows and then discounting those back to a present value. For Halliburton, the model used is a 2 Stage Free Cash Flow to Equity approach based on cash flows in $. The latest twelve month free cash flow is about $1.6b. Analysts have provided specific annual free cash flow estimates out to 2030, such as $1.9b in 2026 and $2.851b in 2030. Simply Wall St then extrapolates further years to build a 10 year path of projected cash flows. After discounting those projected cash flows, the DCF model arrives at an estimated intrinsic value of about $77.46 per share. Compared with a recent share price of $33.71, this implies the stock is around 56.5% undervalued on this method. Result: UNDERVALUED Our Discounted Cash Flow (DCF) analysis suggests Halliburton is undervalued by 56.5%. Track this in your watchlist or portfolio, or discover 56 more high quality undervalued stocks. HAL Discounted Cash Flow as at Feb 2026 Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Halliburton. Approach 2: Halliburton Price vs Earnings For a business that is generating profits, the P/E ratio is a straightforward way to think about what you are paying for each dollar of earnings. It gives you a quick sense of how the market currently values those earnings relative to other companies. What counts as a “normal” or “fair” P/E depends on how the market views a company’s growth prospects and risks. Higher expected growth or lower perceived risk can support a higher multiple, while lower growth or higher uncertainty usually means investors are comfortable with a lower P/E. Halliburton currently trades on a P/E of about 22.01x, compared with an Energy Services industry average of 25.27x and a peer group average of 21.86x. Simply Wall St also calculates a “Fair Ratio” of 22.64x. This Fair Ratio is a proprietary estimate of the P/E that might be reasonable for Halliburton given its earnings growth profile, industry, profit margins, market value and risk factors. It is designed to be more tailored than a simple comparison with peers or the broad industry because it builds in company specific characteristics rather than treating all firms as alike. Compared with the current P/E of 22.01x, the Fair Ratio of 22.64x suggests Halliburton’s P/E is slightly below that model based estimate. Result: UNDERVALUED NYSE:HAL P/E Ratio as at Feb 2026 P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 23 top founder-led companies. Upgrade Your Decision Making: Choose your Halliburton Narrative Earlier we mentioned that there is an even better way to understand valuation. Narratives on Simply Wall St’s Community page let you turn your view of Halliburton into a clear story that links assumptions about future revenue, earnings and margins to a fair value, then compares that fair value with today’s price and keeps it updated as new news or earnings arrive. This is why one Halliburton Narrative can be cautious and anchor around a fair value near US$28.16, while another is more optimistic and centers closer to US$43.78. Both are simply different, structured ways for investors to decide whether the current market price lines up with their own expectations. For Halliburton however we'll make it really easy for you with previews of two leading Halliburton Narratives: 🐂 Halliburton Bull Case Fair value: US$43.78 per share Implied discount or premium vs last close of US$33.71: about 23% discount using this fair value Revenue growth assumption: 5.04%  Analysts in this camp expect Halliburton’s digital tools, automation and international artificial lift footprint to support higher margins and recurring revenue over time. They factor in earnings rising to about US$2.4b by 2028, with profit margins moving higher and the company trading on a future P/E that remains below the Energy Services industry reference multiple. The fair value of US$43.78 reflects higher assumed revenue growth, a higher future P/E and a slightly lower discount rate built into their models, all tied to a constructive view on projects such as data center power solutions and expanded energy infrastructure work.  🐻 Halliburton Bear Case Fair value: US$28.16 per share Implied discount or premium vs last close of US$33.71: about 20% premium using this fair value Revenue growth assumption: 0.09%  Bearish analysts focus on decarbonization targets, ESG pressures and regulation that could cap long run oil and gas activity and limit Halliburton’s project pipeline and pricing power. Their models assume revenue gradually trends lower, margins slip toward 8.0% and earnings in 2028 are nearer US$1.6b, with a future P/E multiple that sits below the Energy Services industry reference level. The updated fair value of US$28.16 folds in slightly firmer margins and less negative revenue assumptions than before, but still reflects concerns about U.S. land headwinds, valuation risk after recent share price strength and the possibility that enthusiasm around themes like Venezuela proves overdone.  If you want to see how these bullish and bearish Halliburton stories are built from the ground up, including the detailed assumptions behind each fair value, you can review the full Community views for Halliburton, starting with Curious how numbers become stories that shape markets? Explore Community Narratives. Do you think there's more to the story for Halliburton? Head over to our Community to see what others are saying! NYSE:HAL 1-Year Stock Price Chart  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Halliburton might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. 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