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Halliburton stock price currently trades at a forward P/E of

Model: NS-40F401NA26
SKU: 6614066
$135.00
Comp. Value: $826.000
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Halliburton stock price currently trades at a forward P/E of 11.8, below the industry average. This valuation gap could narrow if quarterly profits exceed consensus estimates. On Oct. 2, Halliburton shares dropped more than 2%, weighed down by a sharp decline in crude oil prices to a 4-month low. Halliburton (HAL) closed the most recent trading day at $22.02, moving -4.59% from the previous trading session. This move lagged the S&P 500's daily gain of 0.14%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.27%. Halliburton stock price showed resilience this week despite mixed broader market sentiment, buoyed by steady order flows in North America’s drilling market. Analysts project Q3 earnings could deliver modest beats if rig counts rise as forecast.