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Global oilfield services companies are bracing for a hit to earnings as the Iran war disrupts energy infrastructure across the Middle East and producers hold back ​on new drilling until higher oil prices prove durable.

Low reliance on debt should enable oilfield service companies to access capital on favorable terms in a volatile business environment, underpinning a promising outlook for the Zacks Oil and Gas- Field Services industry. HAL, BKR, FTI and AROC are well poised to gain.

Halliburton Company remains a Buy, supported by strong fundamentals, robust technicals, and attractive valuation despite a reduced price target to $51. Q4 results exceeded expectations, with $0.69 EPS and $5.7B revenue; international growth offset North American softness, and FCF reached $875M. HAL targets capex at 5–6% of revenue, returning at least 50% of annual free cash flow to shareholders, with 85% returned last year.

Halliburton (NYSE:HAL) has been on a strong run heading into spring 2026.

In the most recent trading session, Halliburton (HAL) closed at $37.51, indicating a +2.68% shift from the previous trading day.

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HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) will host a conference call on Tuesday, April 21, 2026, to discuss its first quarter 2026 financial results. The call will begin at 8:00 a.m. CT (9:00 a.m. ET). The Company will issue a press release regarding the first quarter 2026 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com. Please visit the Halliburton website to listen to the call via live webcast. A record.