HALLIBURTON (HAL) closed at $34.51, down 3.25 percent, as crude oil prices retreated to their lowest levels since the Iran conflict began. The S&P 500 fell 0.45 percent, the Dow Jones Industrials dropped 1.21 percent, and the Nasdaq Composite declined 0.01 percent.
The decline came as tankers resumed transit through the Strait of Hormuz, easing supply concerns that had supported crude prices earlier. HAL underperformed its Oil and Gas - Field Services peers, which rose 3.72 percent over the past month despite the S&P 500's 2.43 percent loss.
Halliburton reports Q3 earnings on Oct. 20. Consensus projects EPS of $0.58, flat year-over-year, with revenue of $5.59 billion, down 0.13 percent. Some analyst estimates run lower—$0.54 EPS and $5.48 billion revenue—signaling uncertainty about the quarter. For full-year 2026, Zacks expects $2.34 EPS (down 3.31 percent) and $22.39 billion revenue (up 0.94 percent).
HAL trades at a forward P/E of 15.23, a 32 percent discount to the sector's 22.48 multiple. The stock carries a Zacks Rank #3 (Hold). Its PEG ratio of 2.06 matches the industry average, indicating fair valuation relative to expected growth. The Oil and Gas - Field Services industry ranks in the top 41 percent of 250 analyzed sectors.
