Why Halliburton Company (HAL) is Skyrocketing?

We recently published a list of 10 Firms End Stronger, Buck Muted Broader Market Trading. In this article, we are going to take a look at where Halliburton Company (NYSE:HAL) stands against other other firms that ended the week strong.

The stock market ended the shortened trading week mixed, with two of the major indices clocking in just modest movements, as investors parked funds for now while continuing to digest President Donald Trump’s tariff policies.

Among the major indices, only the S&P 500 registered gains, up 0.13 percent. In contrast, the Dow Jones fell by 1.33 percent, and the Nasdaq dropped by 0.13 percent.

Ten firms, on the other hand, ended the week strong, on the back of a flurry of catalysts that sparked buying appetite. In this article, we have detailed the reasons behind their gains.

To come up with the list, we only considered the stocks with a $2 billion market capitalization and a $5 million trading volume.

Halliburton Company (NYSE:HAL)

Halliburton grew its share prices by 5.16 percent on Thursday to close at $22.53 apiece as investors continued to buy shares in the company ahead of the release of its first quarter earnings results on Tuesday, April 22.

The oil drilling giant is expected to post a decline in year-on-year revenues, but whether it misses or beats earnings expectations will be crucial in the performance of its stock.

Earlier this week, HAL earned a lower price target of $28 from RBC Capital, down from $34 previously. The new target represented a 24-percent upside from the company’s latest closing price. However, RBC Capital maintained its Sector Perform rating for HAL.

According to RBC, the lower adjustment was part of its wider analysis on the oil and gas equipment and services sector which is currently under pressures over tariff policies and broader economic issues.

Overall, HAL ranks 10th on our list of firms that ended the week strong. While we acknowledge the potential of HAL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HAL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.