Halliburton (HAL) Stock Forecast & Price Target

Halliburton's strategic focus on new technologies in Directional Drilling, Well Intervention, and Artificial Lift is anticipated to drive revenue increases of $2.5-3 billion over the next 3-5 years, contributing to its robust position in the hydraulic fracturing and completions market. The company's international revenue reached $3,397 million, marking a 2.6% sequential growth, underpinned by strong demand for drilling-related services, particularly in the North Sea and Africa, and supported by a projected 3-5% growth in the Eastern Hemisphere. Furthermore, innovations such as the Octiv® Auto Frac technology and the expected increase in deployed electric frac equipment are poised to enhance operational efficiency and margins, reinforcing Halliburton's competitive stance and financial health in the oilfield services sector.

Halliburton's revenue for 4Q24 totaled $5,610 million, slightly below projections and reflecting a 1.5% sequential decline and a 2.2% year-over-year decrease, driven by a 9.5% drop in Latin American revenue primarily due to challenges in Mexico. Although EBITDA matched expectations at $1,207 million, it represented a 4.0% decline sequentially and an 8.1% drop compared to the previous year, while adjusted EPS remained stagnant at $0.70, reflecting recent challenges from external disruptions and a tightening revenue environment. The company's outlook for FY25 is cautious, with anticipated low to mid-single-digit declines in North American revenue and flat performance expected from its international business, indicating potential further struggles ahead.