Halliburton's Trading Volume Drops 32.77% to $223 Million, Ranks 482nd in Market

Generated by AI AgentAinvest Market Brief
Tuesday, May 13, 2025 7:59 pm ET1min read
HAL--

On May 13, 2025, Halliburton's trading volume reached $223 million, a 32.77% decrease from the previous day, ranking 482nd in the day's stock market. HalliburtonHAL-- (HAL) rose 0.28%, marking its fourth consecutive day of gains, with a total increase of 10.07% over the past four days.

Halliburton's fourth-quarter 2024 earnings report highlighted international growth offsetting a decline in North America. This international expansion is a key driver for the company's revenue growth, despite challenges in the North American market.

Analysts have adjusted their forecasts following Halliburton's first-quarter results. Stifel reduced its stock price target to $32 from $37, while BarclaysBCS-- lowered its target to $26 from $29. These adjustments reflect concerns over the company's performance and the broader energy market conditions.

Halliburton's first-quarter earnings met estimates, but revenues exceeded forecasts. However, the company's CEO noted ongoing trade challenges and their impact on the business. The company also outlined its growth engines for 2025, including the adoption of Zeus IQ, a digital platform aimed at enhancing operational efficiency.

Despite these challenges, Halliburton remains focused on international growth and technological advancements to navigate the current market pressures. The company's strategic initiatives and international expansion efforts are expected to play a crucial role in its future performance.

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