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Halliburton stock price market watchers note Halliburton stock
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Market watchers note Halliburton stock price remains below recent highs, leaving room for rebound if global drilling activity accelerates. Options flow this week skewed bullish, hinting at near-term upward pressure. Houston, Texas-based Halliburton Company (HAL) provides products and services to the energy industry worldwide. With a market cap of $21.2 billion, the company operates in two segments, Completion and Production, and Drilling and Evaluation. The energy company is slated to report its fiscal 2025 Q3 earnings before the market opens on Tuesday, Oct. 21. Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide. With Halliburton stock price holding above its 50-day moving average, momentum indicators suggest bullish sentiment among institutional investors. A sustained oil price above $75 per barrel may extend the rally in oilfield service equities.