Halliburton (HAL) Rises Higher Than Market: Key Facts

In the latest close session, Halliburton (HAL) was up +2.26% at $37.63. This change outpaced the S&P 500's 0.46% gain on the day. Elsewhere, the Dow saw an upswing of 0.56%, while the tech-heavy Nasdaq appreciated by 0.45%.

Prior to today's trading, shares of the provider of drilling services to oil and gas operators had gained 13.72% outpaced the Oils-Energy sector's loss of 0% and the S&P 500's gain of 2%.

The upcoming earnings release of Halliburton will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.58, reflecting no change from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $5.59 billion, down 0.13% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.34 per share and a revenue of $22.39 billion, signifying shifts of -3.31% and +0.94%, respectively, from the last year.

Investors should also note any recent changes to analyst estimates for Halliburton. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.09% lower. Halliburton is currently sporting a Zacks Rank of #3 (Hold).

Investors should also note Halliburton's current valuation metrics, including its Forward P/E ratio of 15.71. This denotes a discount relative to the industry average Forward P/E of 24.44.

We can also see that HAL currently has a PEG ratio of 2.12. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 2.12 based on yesterday's closing prices.

The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 37% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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