Core Insights - Halliburton Company (HAL) is one of the largest oilfield service providers globally, with a market cap of $22.9 billion, offering a range of services to the energy sector [1] Financial Performance - HAL's stock has underperformed the broader market, with a year-to-date decline of 1.4% and a 52-week drop of 4.7%, while the S&P 500 Index gained 15.1% in 2025 and 18.5% over the past year [2] - The company also lagged behind the iShares U.S. Oil Equipment & Services ETF, which saw a 2.2% increase in 2025 and a 2.9% rise over the past year [3] - Following the release of better-than-expected Q3 results on October 21, HAL's stock surged 11.6%. The company's Q3 revenue decreased 1.7% year-over-year to $5.6 billion but exceeded expectations by 4%. Adjusted net income fell 22.6% year-over-year to $496 million, while adjusted EPS of $0.58 surpassed consensus estimates by 16% [4] Future Outlook - For the full fiscal year 2025, analysts project HAL to deliver an adjusted EPS of $2.16, reflecting a 27.8% year-over-year decline. However, the company has a strong earnings surprise history, exceeding bottom-line projections in the last four quarters. The consensus rating among 24 analysts is a "Moderate Buy," with 13 "Strong Buys," three "Moderate Buys," and eight "Holds" [5] - A month ago, the stock had a "Strong Sell" rating, indicating a more optimistic outlook now [6] - On November 3, Rothschild & Co analyst initiated coverage on HAL with a "Buy" rating and set a price target of $35. The mean price target of $29.59 suggests a 10.4% premium, while the highest target of $41.50 indicates a potential upside of 54.8% from current levels [7]