Should I buy HAL stock in 2025? Expert Analysis for Indian Investors

What is HAL?

How much is HAL stock?

The price of HAL stock is falling this week. As of now, HAL trades at $20.87, down 1.79% in the last 24 hours and registering a weekly decline. The company’s market capitalization stands at $17.94 billion, with an average 3-month trading volume of 14.05 million shares.

With a moderate dividend yield and a valuation below the broader market, the stock may appeal to Indian investors looking for value, but its recent volatility warrants closer attention.

Our full analysis on HAL stock

After a comprehensive review of Halliburton Company's (HAL) most recent financial results and a rigorous study of its stock performance over the past three years, we have harnessed a blend of advanced financial models and real-time market intelligence, incorporating technical, fundamental, and competitive sector data. By leveraging proprietary algorithms, we aim to distil the evolving landscape for HAL, capturing both current momentum and forward-looking opportunities. So, why might HAL stock once again become a strategic entry point into the energy equipment and services sector in 2025?

Recent Performance and Market Context

Halliburton’s share price sits at $20.87 as of May 19, 2025, a notable retreat from the 52-week high of $38.35, and just above its annual low of $18.72. Over the last three years, HAL’s volatility has mirrored the cyclical nature of global energy markets, yet the company's resilience in transition periods stands out. Despite the 6.7% YoY revenue decline in Q1 2025 and macro headwinds from North America, the underlying structure remains solid. International business segments, especially in Europe/Africa and the Middle East/Asia, posted 6% YoY growth—a reflection of HAL’s robust positioning in energy-hungry global regions.

• Global oil prices remain structurally elevated, incentivizing upstream investment.
• International demand, particularly from Asia and Europe, is intensifying, benefiting diversified service providers.
• Geopolitical moves to safeguard energy supply chains reinforce the importance of players like Halliburton.
• Renewed exploration and drilling initiatives, especially offshore, are driving fresh contract activity.

Recent major contract wins, share buybacks, and a growing international backlog collectively suggest that, despite short-term softness, Halliburton is strategically situated for long-term growth—timing that could soon reward patient investors.

Technical Analysis

• Relative Strength Index (RSI): At 47.3, RSI is in neutral territory, signaling neither overbought nor oversold. This neutrality often foreshadows inflection points, presenting traders with the opportunity for early positioning.
• MACD: The 50-day value of -1.30 does indicate a bearish undertone; yet a flatlining momentum at support often serves as a base for reversals, particularly when coupled with healthy volume and improving sector sentiment.
• Moving Averages: HAL trades above its 20-day MA ($20.55) but below all longer-term averages (50-, 100-, 200-day), a configuration often observed near the end of broader corrective phases.
• Key Support Levels: Immediate supports at $20.72, $20.53, $19.22, and the cycle low at $18.72 are holding firm, suggesting a well-defined floor for risk-managed entries.
• Resistance Levels: $21.41, $21.56, $21.85, and $22.19 are nearby hurdles; a break above these could trigger momentum-driven buying.

Stochastic oscillator readings (14-day %K at 61.46) reinforce this narrative of potential stabilization and rebound, while continued neutral momentum positions the stock for an upward technical breakout should positive news materialize.

Momentum traders often find such technical configurations—marked by range-bound trading above medium-term supports—conducive for initial buy accumulation, while value-oriented investors see the consolidation as a foundation for a longer-term uptrend.

Fundamental Analysis

• Valuation: With a trailing P/E of 8.73 and forward P/E of 8.28, HAL is trading at a notable discount to both the market and direct peers, a signal that current price levels may not fully account for normalized earnings power. Its price-to-sales ratio (0.83) and enterprise value/EBITDA (5.83) further cement the thesis of relative undervaluation.
• Profitability: A profit margin of 9.31% and robust ROE of 21.00% demonstrate that, even amidst transitory earnings pressure, HAL’s ability to generate cash and value for shareholders far outpaces many sector peers.
• Growth Levers: Despite softness in North America (down 12% YoY), international expansion is driving top-line resiliency, with EMEA and Asia regions providing reliable growth. Free cash flow remains impressive at $1.77 billion, underpinning both dividends and opportunistic buybacks.
• Dividend Profile: The current annual yield of 3.26%—with a conservative payout ratio (24.03%) and a 6% dividend boost YoY—positions HAL as both a growth and income vehicle.

Innovation remains a structural advantage: launches such as the Octiv® Auto Frac hydraulic fracturing system and the EcoStar® electric safety valve reveal a steady commitment to operational excellence and environmental responsibility—qualities increasingly prized by institutional investors.

Volume and Liquidity

• Market Liquidity: With an average 3-month daily volume exceeding 14 million shares, HAL’s liquidity profile is among the best in its class, enabling seamless entries, exits, and dynamic portfolio allocation.
• Share Float: The large and well-distributed float creates resilience against volatility spikes, discouraging stagnant trading and fostering a dynamic, fair valuation environment.
• Buyback Activity: Approximately $250 million was repurchased in Q1 2025 alone—a clear signal of internal confidence and proactive capital management.

Collectively, these liquidity characteristics ensure that both institutional and retail investors can strategize positions with minimal slippage, even during periods of elevated volatility—a crucial factor for emerging market participants in India seeking global exposure.

Catalysts and Positive Outlook

• Technological Innovation: New system rollouts (e.g., autonomous hydraulic fracturing, automated drilling) place Halliburton at the forefront of energy efficiency and sustainability, directly addressing evolving regulatory and customer demands.
• Major Contract Awards: Securing integrated service contracts with global giants like Petrobras and ongoing wins across the Middle East/Asia and EMEA regions provide predictable, diversified revenue streams extending well into 2026 and beyond.
• International Tailwinds: The pivot toward non-US operations, where growth has demonstrably accelerated, mitigates regional cyclicality and amplifies leverage to global recovery trends.
• ESG-Linked Initiatives: Emphasis on electric and automated field systems enhances Halliburton’s ESG profile, attracting institutional inflows from sustainability-focused funds and investors.
• Sectoral Rebound: The uphill trajectory of global oil prices and the resumption of capital expenditure by exploration & production companies support increased demand for drilling and completion services.

Upcoming earnings (scheduled for July 17-21, 2025) and the gradual stabilization of North American operations could ignite renewed buying interest, particularly as analyst price targets imply nearly 59% upside from current levels.

Investment Strategies

• Short-Term Positioning: For tactical traders, the proximity to robust support levels and a neutral RSI represent a prime window for initiating partial positions, with tight stop-loss management around the $19-21 area.
• Medium-Term Strategy: Investors looking to capture a technical rebound can leverage the anticipated earnings catalyst and improving macro backdrop, positioning ahead of contract visibility announcements and sector recoveries.
• Long-Term Holdings: For buy-and-hold investors seeking exposure to global energy transition, HAL’s undervaluation, dividend growth, and innovation pipeline coalesce into a compelling case for portfolio inclusion. Accumulating during cyclical lows or consolidation phases has historically offered superior risk-adjusted returns.

Ideally, gradual accumulation at technical floors, combined with nimble scaling as momentum emerges, allows investors to balance risk, upside, and exposure to sector-wide gains.

Is it the Right Time to Buy HAL?

To synthesize: Halliburton presents an array of strengths at current valuations. The stock’s discounted pricing, resilient free cash flows, strategic buybacks, and rising dividends highlight a company with both value and income characteristics. Its global diversification, technological leapfrogging, and ongoing contract wins support a refreshing return to growth. Technically, the consolidation near support and neutral momentum offer an attractive risk-reward, while highly liquid trading ensures flexible portfolio execution for investors in India and beyond.

While industry cyclicality demands respect, the convergence of growing international demand, next-generation product launches, and strong capital management suggests that HAL stock may be entering a new bullish phase. For those seeking an optimal blend of value, growth, and income exposure within the energy services universe, Halliburton seems to represent an excellent opportunity at current levels.

In the evolving world of global energy, Halliburton stands poised not just to weather volatility, but to transform it into enduring shareholder value—the coming quarters could witness the stock reclaim its leadership role in the sector.

How to buy HAL stock in IN?

Buying Halliburton Company (HAL) shares online is both simple and secure when you use a regulated broker—these platforms ensure your funds and transactions are protected by financial oversight. You have two main ways to access HAL as a retail investor: traditional ‘spot’ (cash) buying, where you own the actual shares, and trading Contracts for Difference (CFDs), which let you speculate on price movements with leverage. Each approach has distinct features and costs, suiting different investment goals. To help you make an informed choice, you'll find a broker comparison tool further down the page.

Spot buying

A cash (spot) purchase of HAL shares means you buy and own actual shares of Halliburton Company, giving you direct exposure to price movements and dividend payments. With most Indian brokers allowing access to US stocks, typical fees include a fixed commission per order—commonly around ₹100–₹200 per US trade (about $1–$2)—plus possible currency conversion charges.

Example

For example, if HAL’s share price is $20.87 and you invest $1,000 (approximately ₹83,000), you could buy around 47 shares, accounting for a brokerage fee of roughly $5.
Gain scenario:
If HAL’s price climbs by 10% (to $22.96), your shares are now valued at $1,100.
Result: That’s a $100 gross gain, representing +10% on your investment (before taxes and currency exchange effects).

Trading via CFD

CFD trading on HAL shares allows you to speculate on the stock’s price—up or down—without owning the underlying shares. CFDs work with leverage, letting you increase your market exposure using a smaller upfront stake. With CFDs, main fees are the spread (the small difference between buy/sell prices) and overnight financing charges if you keep positions open for more than a day.

Example

For instance, say you open a CFD position on HAL with $1,000 and use 5x leverage. This means you have market exposure of $5,000.
Gain scenario:
If HAL rises by 8%, your position would earn 8% × 5 = 40%.
Result: You would gain $400 on your $1,000 stake—excluding spreads and overnight fees.

Final advice

Before investing, always compare the fees, features and protections offered by different brokers. The right approach—whether spot buying or CFD trading—depends on your investment goals, risk appetite and whether you prefer to own shares directly or trade with leverage. Explore the detailed broker comparison below to find the option best suited to your strategy and start your HAL investment journey with confidence!

Our 7 tips for buying HAL stock

The latest news about HAL

Halliburton’s Q1 2025 results show sustained international growth, notably in Middle East and Europe/Africa regions. Despite a challenging North American market with a 12% YoY revenue decline, the company grew international revenues in the Middle East/Asia and Europe/Africa by 6%, revealing its success in diversifying geographically and offsetting domestic headwinds. This international resilience is particularly relevant for Indian markets due to the established energy sector collaborations between Indian oil and gas firms and global service providers like Halliburton, and signals broader global strength which often correlates with stable partnerships and technology exports into India.

The company has reinforced shareholder value through aggressive share buybacks and a sustainable, growing dividend. Halliburton repurchased approximately $250 million of its own shares in Q1 2025 and increased its annual dividend by 6% from the previous year, resulting in an attractive yield of 3.26% and a conservative payout ratio of 24.03%. This commitment to returning capital to shareholders is a positive signal for both domestic and international investors, including those in India who value stable, income-generating foreign assets, especially since many Indian institutions and funds hold US energy sector equities for diversification.

Recent technological innovations, including the launch of autonomous hydraulic fracturing and automated drilling, bolster Halliburton’s global competitive edge. By introducing the Octiv® Auto Frac service and the world’s first automated on-bottom drilling system, Halliburton further differentiates itself through operational efficiency and advanced solutions. Such advancements may hold particular interest for India’s energy sector stakeholders seeking to modernize upstream operations; Indian oil and gas companies often partner with or benefit from technology transfer and field upgrades facilitated by these global innovations.

Strong contract pipeline with multi-year international deals secures long-term revenue visibility. Securing a multi-year contract with Petrobras and active participation in tenders extending to 2026 and beyond underline Halliburton’s robust position in the global oilfield services market. Indian energy conglomerates monitoring the reliability and reach of their foreign service partners can view these international wins as strengthening Halliburton’s balance sheet and long-term prospects, reinforcing its creditworthiness and partnership appeal in markets like India.

Analyst consensus remains strongly positive, with a significant upside reflected in a $33.11 price target. Despite recent share price weakness, the consensus “Strong Buy” rating from reputable financial analysts, combined with undervalued market metrics such as a P/E ratio of 8.73, signals broad confidence in Halliburton’s recovery potential. For the Indian investor community, this presents a noteworthy opportunity to gain from potential share appreciation and dividend growth, leveraging exposure to global energy cycles while relying on data-driven, research-backed optimism in the company’s future.

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P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.