Halliburton Company

Halliburton Company (NYSE: HAL) provides a broad range of products and services to the global energy sector. The company operates through two primary segments: Completion and Production, and Drilling and Evaluation. Its Completion and Production segment offers services such as cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and various completion solutions. This segment also includes offerings across artificial lift systems, completion tools, pipeline and process services, production enhancement, and integrated production solutions.

As per Kalkine’s Global Tariff Report published on ‘HAL’ on Jan 05, 2026, Kalkine provided an ‘Buy’ stance on the stock at USD 31.61 based on fundamental analysis and has moved up by 19.14% since then and trading above resistance level 2.

Noted below are the details of support and resistance levels provided in our previous report:

Rationale:

Halliburton’s recent strategic developments, including a multibillion-dollar contract in Argentina’s Vaca Muerta and offshore partnerships in Suriname, highlight its expanding global footprint and strong technological capabilities. However, these opportunities are highly capital-intensive and rely on continued external funding as well as stable commodity prices. Despite solid execution and recent earnings outperformance, much of the near-term growth outlook appears to be already reflected in the stock’s recent gains, while Q1’26 estimates indicate relatively modest revenue growth compared to previous quarters. Moreover, greater exposure to international markets introduces execution, geopolitical, and margin-related risks, particularly in complex shale and offshore operations, which could affect earnings consistency and limit further upside potential from current levels.

Valuation (Using Price/Earnings Per Share Multiple)

Share Price Chart

Conclusion

Given moderating near-term revenue momentum, rising exposure to international execution and geopolitical risks, elevated capital intensity, and ongoing sensitivity to oil price fluctuations, a "Sell" is recommendation on Halliburton Company (NYSE: HAL) has been given at the current market price of USD 37.66 as on 14 April 2026 at 10:20 am PDT.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 14 April 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/or technical analysis taking into consideration both short-term and long-term scenario.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.