Halliburton (HAL) closed at $33.48, down 1.15% from the previous day, underperforming the S&P 500. Shares fell 8.95% in the last month, trailing the Oils-Energy sector. Q1 earnings forecast an EPS of $0.80 and revenue of $5.95 billion. Zacks estimates full-year earnings at $3.39 per share and revenue of $24.3 billion, reflecting positive growth.
Investors are advised to track analyst estimates for Halliburton, which may indicate short-term business trends. Zacks Rank system suggests positive estimate revisions signal a favorable outlook. With a Zacks Rank of #3 (Hold), the stock has a Forward P/E ratio of 9.99, lower than the industry average. The PEG ratio stands at 0.86, indicating potential growth.
For the next 30 days, experts recommend 7 elite stocks, including Halliburton, as Zacks Rank #1 Strong Buys. These stocks have historically outperformed the market, with an average annual return of +24.2%. Investors can access the full list for potential price pops and market-beating gains. Follow Zacks.com for the latest stock-moving metrics and recommendations.
Read more at Nasdaq: Halliburton (HAL) Stock Dips While Market Gains: Key Facts
