HAL
Halliburton Company Energy - Oilfield Services Investor Relations →
Halliburton Company (HAL) closed at $34.93 as of 2026-06-19, trading 13.9% above its 200-week moving average of $30.66. The stock is currently moving closer to the line, down from 29.3% last week. The 14-week RSI sits at 53, indicating neutral momentum.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.15 ratio) is neutral — neither side is clearly dominating.
Over the past 2772 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 +9.8%.
With a market cap of $29.2 billion, HAL is a large-cap stock. The company generates a free cash flow yield of 7.0%, which is healthy. Return on equity stands at 14.6%. The stock trades at 2.7x 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 33.5 years, a hypothetical investment of $100 in HAL would have grown to $888, compared to $3097 for the S&P 500. HAL has returned 6.7% annualized vs 10.8% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 10.7% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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 +9.5% after 12 months (median +7.0%), compared to +9.8% 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 +11.3% vs +17.9% 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: 2026-07-21.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $35.87 | Unusually cheap — potential buy zone |
| Value | +1σ | $39.45 | Cheap vs. own history |
| Fair Value | +0σ | $43.84 | Historical mean behavior |
| Expensive | -1σ | $49.32 | Expensive vs. own history |
| Deep Expensive | -2σ | $56.36 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
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?"
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 reference points for identifying potential swing trade opportunities, not buy/sell signals. 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. They are starting points for research, not buy or sell signals. 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 +9.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1974 | Apr 1974 | 3 | 3.6% | +5.9% | +1884.9% |
| May 1974 | Jun 1974 | 2 | 5.9% | +21.1% | +1863.6% |
| Jun 1974 | Oct 1974 | 17 | 23.5% | +33.5% | +1831.6% |
| Nov 1974 | Apr 1975 | 21 | 15.3% | +4.9% | +1900.7% |
| Oct 1975 | Dec 1975 | 8 | 5.8% | +36.8% | +1806.7% |
| Mar 1976 | Mar 1976 | 2 | 4.5% | +28.6% | +1878.9% |
| Jan 1982 | Aug 1983 | 82 | 50.7% | -14.2% | +771.9% |
| Aug 1983 | Jan 1987 | 175 | 37.2% | -23.3% | +724.7% |
| Oct 1987 | Jan 1988 | 14 | 14.2% | +17.1% | +1116.6% |
| Aug 1988 | Dec 1988 | 15 | 5.4% | +53.8% | +992.7% |
| Jul 1991 | Jul 1991 | 1 | 1.6% | -19.1% | +668.9% |
| Sep 1991 | Mar 1993 | 79 | 37.4% | +3.4% | +658.7% |
| Mar 1993 | Apr 1993 | 1 | 0.5% | -15.9% | +617.9% |
| Sep 1993 | Sep 1993 | 2 | 4.0% | -12.4% | +616.6% |
| Oct 1993 | Jun 1994 | 36 | 17.8% | -7.4% | +619.2% |
| Aug 1994 | Oct 1994 | 12 | 11.6% | +31.9% | +662.0% |
| Aug 1998 | Sep 1998 | 4 | 6.8% | +62.4% | +264.5% |
| Sep 1998 | Oct 1998 | 3 | 14.1% | +42.9% | +276.9% |
| Nov 1998 | Mar 1999 | 15 | 13.8% | +30.5% | +249.7% |
| Oct 1999 | Oct 1999 | 2 | 6.8% | +30.3% | +214.5% |
| Nov 1999 | Nov 1999 | 1 | 3.6% | +7.2% | +201.7% |
| Dec 1999 | Dec 1999 | 2 | 6.1% | +6.5% | +206.2% |
| Jan 2000 | Feb 2000 | 5 | 10.9% | +15.2% | +198.7% |
| Oct 2000 | Feb 2001 | 15 | 17.3% | -23.5% | +186.6% |
| Feb 2001 | Feb 2001 | 1 | 4.0% | -57.6% | +167.2% |
| Mar 2001 | Apr 2001 | 6 | 16.9% | -56.5% | +169.5% |
| Jun 2001 | Jan 2004 | 133 | 72.9% | -57.6% | +167.7% |
| Sep 2008 | Jan 2010 | 66 | 56.4% | -2.2% | +75.2% |
| Jan 2010 | Mar 2010 | 5 | 8.4% | +52.0% | +57.4% |
| Mar 2010 | Mar 2010 | 2 | 4.0% | +46.5% | +50.3% |
| May 2010 | Aug 2010 | 17 | 23.6% | +71.5% | +66.6% |
| Sep 2011 | Oct 2011 | 2 | 6.6% | +14.4% | +42.6% |
| Nov 2011 | Nov 2011 | 1 | 2.8% | +2.0% | +42.0% |
| Dec 2011 | Dec 2011 | 1 | 2.7% | +6.3% | +41.8% |
| May 2012 | Jul 2012 | 10 | 11.0% | +52.9% | +50.1% |
| Nov 2012 | Nov 2012 | 3 | 5.5% | +83.1% | +46.2% |
| Nov 2014 | Mar 2015 | 18 | 14.4% | -5.7% | +3.6% |
| Jun 2015 | Jun 2016 | 50 | 33.4% | +3.8% | +0.1% |
| Jun 2016 | Jun 2016 | 1 | 0.5% | -4.1% | -3.5% |
| Jul 2016 | Sep 2016 | 10 | 8.2% | +2.8% | -3.3% |
| Apr 2017 | Dec 2017 | 34 | 15.7% | +17.1% | -8.7% |
| Jul 2018 | Oct 2021 | 168 | 86.0% | -43.5% | -1.8% |
| Oct 2021 | Jan 2022 | 10 | 11.6% | +45.7% | +53.4% |
| Sep 2024 | Sep 2024 | 4 | 7.3% | -20.6% | +28.4% |
| Oct 2024 | Nov 2024 | 5 | 9.1% | -19.1% | +28.8% |
| Dec 2024 | Jan 2026 | 57 | 36.5% | +1.7% | +26.8% |
| Average | 24 | — | +9.8% | — |
Frequently Asked Questions
Is HAL below its 200-week moving average?
No. Halliburton Company (HAL) is currently 13.9% above its 200-week moving average of $30.66. It would need to fall to $30.66 to cross below the line.
What is HAL's 200-week moving average price?
Halliburton Company's 200-week moving average is $30.66 as of 2026-06-19. 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 +9.8%. 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 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 53. Free cash flow yield is 7.0%. Return on equity is 14.6%. Price-to-book is 2.7x. 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 33.5 years, $100 invested in HAL would have grown to $888, compared to $3097 for the S&P 500. That's 6.7% annualized vs 10.8% for the index. HAL has underperformed the broader market over this period.
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 2026-06-19