Halliburton (HAL) Soars 7.8%: Is Further Upside Left in the Stock?

Halliburton (HAL) shares soared 7.8% in the last trading session to close at $31.92. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4% gain over the past four weeks.Halliburton’s shares moved higher amid optimism that recent U.S. actions related to Venezuela’s President Nicolás Maduro could pave the way for increased activity in the oil-rich country. Any renewed investment by U.S. exploration and production companies to lift Venezuela’s subdued output would likely provide an indirect lift to oilfield services providers such as Halliburton. Market sentiment was further strengthened after Donald Trump publicly urged U.S. oil companies to commit significant capital to rebuilding Venezuela’s oil infrastructure, emphasizing a leading role for American firms. Adding to the positive momentum, a Form 4 regulatory filing showed that Chief Financial Officer Eric Carre purchased 37,548 shares on Jan 2 under the company’s stock and incentive plan, reinforcing investor confidence in the stock.This provider of drilling services to oil and gas operators is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of -22.9%. Revenues are expected to be $5.39 billion, down 3.9% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Halliburton, the consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on HAL going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Halliburton belongs to the Zacks Oil and Gas - Field Services industry. Another stock from the same industry, FMC Technologies (FTI), closed the last trading session 2.1% higher at $48.29. Over the past month, FTI has returned 2.8%.For FMC Technologies, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.51. This represents a change of -5.6% from what the company reported a year ago. FMC Technologies currently has a Zacks Rank of #2 (Buy).Just Released: Zacks Top 10 Stocks for 2026Hurry – you can still get in early on our 10 top tickers for 2026. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful.From inception in 2012 through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2026. You can still be among the first to see these just-released stocks with enormous potential.See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Halliburton Company (HAL): Free Stock Analysis Report TechnipFMC plc (FTI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks