HAL
Halliburton Company Energy - Oilfield Services Investor Relations →
Halliburton Company (HAL) closed at $33.64 as of 2026-09-18, trading 9.0% above its 200-week moving average of $30.87. The stock is currently moving closer to the line, down from 16.1% last week. The 14-week RSI sits at 36, indicating neutral momentum.
Trading volume is running at 1.4x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.81 ratio) is neutral — neither side is clearly dominating.
Over the past 2785 weeks of data, HAL has crossed below its 200-week moving average 46 times. On average, these episodes lasted 24 weeks. Historically, investors who bought HAL at the start of these episodes saw an average one-year return of +9.6%.
With a market cap of $28.0 billion, HAL is a large-cap stock. The company generates a free cash flow yield of 7.3%, which is healthy. Return on equity stands at 14.9%. The stock trades at 2.5x book value.
The company has been aggressively buying back shares, reducing its share count by 7.5% over the past three years.
Over the past 33.8 years, a hypothetical investment of $100 in HAL would have grown to $859, compared to $3167 for the S&P 500. HAL has returned 6.6% annualized vs 10.8% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 10.7% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: HAL vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After HAL Crosses Below the Line?
Across 36 historical episodes, buying HAL when it crossed below its 200-week moving average produced an average return of +9.8% after 12 months (median +7.0%), compared to +9.7% for the S&P 500 over the same periods. 53% of those episodes were profitable after one year. After 24 months, the average return was +12.8% vs +18.4% for the index.
Each line shows $100 invested at the moment HAL crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices HAL would reach each dislocation threshold.
Dislocation Price Levels
Prices where HAL's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-10-20.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $29.92 | Unusually cheap — analysis point |
| Value | +1σ | $31.62 | Cheap vs. own history |
| Fair Value | +0σ | $33.53 | Historical mean behavior |
| Expensive | -1σ | $35.68 | Expensive vs. own history |
| Deep Expensive | -2σ | $38.13 | Unusually expensive — analysis point |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Recent Earnings
| Date | EPS Est. | EPS Actual | Surprise |
|---|---|---|---|
| 2026-07-21 | $0.54 | $0.55 | +2.3% |
| 2026-04-21 | $0.50 | $0.55 | +10.4% |
| 2026-01-21 | $0.55 | $0.69 | +26.3% |
| 2025-10-21 | $0.50 | $0.58 | +16.9% |
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
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Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are analysis points: prices at which the yield deviation becomes unusual enough to justify the work. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from HAL's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. Each one is an analysis point, a reason to open the filings. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
HAL has crossed below its 200-week MA 46 times with an average 1-year return of +9.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1974 | Apr 1974 | 3 | 3.6% | +5.9% | +1820.5% |
| May 1974 | Jun 1974 | 2 | 5.9% | +21.1% | +1799.8% |
| Jun 1974 | Oct 1974 | 17 | 23.5% | +33.5% | +1768.9% |
| Nov 1974 | Apr 1975 | 21 | 15.3% | +4.9% | +1835.8% |
| Oct 1975 | Dec 1975 | 8 | 5.9% | +36.8% | +1744.8% |
| Mar 1976 | Mar 1976 | 2 | 4.2% | +28.9% | +1809.3% |
| Jan 1982 | Aug 1983 | 82 | 50.8% | -14.2% | +743.6% |
| Sep 1983 | Jan 1987 | 173 | 37.3% | -17.6% | +742.4% |
| Oct 1987 | Jan 1988 | 14 | 14.3% | +17.1% | +1077.1% |
| Sep 1988 | Dec 1988 | 13 | 5.4% | +57.5% | +993.3% |
| Jul 1991 | Jul 1991 | 1 | 1.6% | -19.1% | +644.0% |
| Sep 1991 | Mar 1993 | 79 | 37.5% | +3.4% | +634.1% |
| Mar 1993 | Apr 1993 | 1 | 0.5% | -15.9% | +594.6% |
| Sep 1993 | Sep 1993 | 2 | 4.1% | -12.4% | +593.4% |
| Oct 1993 | Jun 1994 | 36 | 17.9% | -7.4% | +595.8% |
| Aug 1994 | Oct 1994 | 12 | 11.7% | +31.9% | +637.2% |
| Aug 1998 | Sep 1998 | 4 | 6.4% | +62.4% | +252.7% |
| Sep 1998 | Oct 1998 | 3 | 14.2% | +42.9% | +264.7% |
| Nov 1998 | Mar 1999 | 15 | 13.8% | +30.0% | +237.0% |
| Oct 1999 | Oct 1999 | 2 | 6.8% | +30.3% | +204.3% |
| Nov 1999 | Nov 1999 | 1 | 3.7% | +7.2% | +192.0% |
| Dec 1999 | Dec 1999 | 2 | 6.1% | +6.5% | +196.2% |
| Jan 2000 | Feb 2000 | 5 | 10.9% | +15.2% | +189.0% |
| Oct 2000 | Feb 2001 | 15 | 17.0% | -23.5% | +177.3% |
| Feb 2001 | Feb 2001 | 1 | 4.0% | -57.6% | +158.6% |
| Mar 2001 | Apr 2001 | 6 | 17.0% | -56.5% | +160.7% |
| Jun 2001 | Jan 2004 | 133 | 72.9% | -57.6% | +159.0% |
| Sep 2008 | Jan 2010 | 66 | 56.2% | -2.2% | +69.6% |
| Jan 2010 | Mar 2010 | 5 | 8.5% | +52.0% | +52.3% |
| Mar 2010 | Mar 2010 | 2 | 4.0% | +46.5% | +45.4% |
| May 2010 | Aug 2010 | 17 | 23.6% | +71.5% | +61.2% |
| Sep 2011 | Oct 2011 | 2 | 6.6% | +14.4% | +38.0% |
| Nov 2011 | Nov 2011 | 1 | 2.8% | +2.0% | +37.4% |
| Dec 2011 | Dec 2011 | 1 | 2.7% | +6.3% | +37.2% |
| May 2012 | Jul 2012 | 10 | 10.9% | +52.9% | +45.2% |
| Oct 2012 | Nov 2012 | 4 | 5.5% | +67.7% | +34.6% |
| Nov 2014 | Mar 2015 | 18 | 14.4% | -5.7% | +0.2% |
| Jun 2015 | Jun 2016 | 50 | 33.4% | +3.8% | -3.1% |
| Jun 2016 | Jun 2016 | 1 | 0.5% | -4.1% | -6.7% |
| Jul 2016 | Sep 2016 | 10 | 8.2% | +2.8% | -6.5% |
| Apr 2017 | Dec 2017 | 34 | 15.7% | +17.1% | -11.6% |
| Jul 2018 | Oct 2021 | 168 | 86.0% | -43.5% | -5.0% |
| Oct 2021 | Jan 2022 | 10 | 11.6% | +45.7% | +48.4% |
| Sep 2024 | Sep 2024 | 4 | 7.3% | -20.5% | +23.5% |
| Oct 2024 | Nov 2024 | 5 | 9.2% | -19.1% | +24.6% |
| Dec 2024 | Jan 2026 | 57 | 36.5% | +1.8% | +22.0% |
| Average | 24 | — | +9.6% | — |
Frequently Asked Questions
Is HAL below its 200-week moving average?
No. Halliburton Company (HAL) is currently 9.0% above its 200-week moving average of $30.87. It would need to fall to $30.87 to cross below the line.
What is HAL's 200-week moving average price?
Halliburton Company's 200-week moving average is $30.87 as of 2026-09-18. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when HAL drops below its 200-week moving average?
HAL has crossed below its 200-week moving average 46 times in our data. On average, buying at that moment produced a one-year return of +9.6%. These dips have historically been decent entry points. These episodes lasted 24 weeks on average.
Is HAL a good value right now?
Here's what our data says about HAL as of 2026-09-18: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 36. Free cash flow yield is 7.3%. Return on equity is 14.9%. Price-to-book is 2.5x. This is not a buy or sell recommendation — always do your own research.
How does HAL compare to the S&P 500?
Over the past 33.8 years, $100 invested in HAL would have grown to $859, compared to $3167 for the S&P 500. That's 6.6% annualized vs 10.8% for the index. HAL has underperformed the broader market over this period.
Does HAL pay a dividend?
Yes. Halliburton Company currently pays a dividend yield of 202.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-09-18