Halliburton vs Devon Energy
Halliburton and Devon Energy are compared on this page, with a neutral overview that examines business models, financial performance, and market context. The aim is to present accessible information about how each company operates and positions itself within the energy sector. Educational content, not financial advice.
Halliburton and Devon Energy are compared on this page, with a neutral overview that examines business models, financial performance, and market context. The aim is to present accessible information a...
Why It's Moving
HAL Stock Warning: Why Analysts See -9% Downside Risk
- Q4 revenue hit $5.7B, topping estimates by 5.36%, with EPS at $0.69 versus $0.55 expected—yet the rally faded as 2026 guidance highlighted 'challenging conditions' curbing momentum.
- North America faces high-single-digit contraction while international revenue stays flat, contrasting 2025's 16.31% total return and pressuring profitability amid lower drilling activity.
- Insider selling accelerated with CEO Jeffrey Miller offloading 171,200 shares recently, amplifying investor jitters despite ongoing shareholder returns via dividends and buybacks.
DVN Surges on Analyst Upgrades and Merger Buzz, Fueling Bullish Momentum.
- Barclays upgraded DVN to Overweight on February 4, highlighting potential upside as the stock outpaces energy peers like Exxon and Chevron.
- Unusually high call-option volume spiked 56% above average, reflecting short-term bullish bets and informed speculation on upcoming catalysts.
- Allianz Asset Management boosted its DVN stake, joining a wave of positive analyst moves and chatter around a transformative Devon-Coterra merger for scale and synergies.
HAL Stock Warning: Why Analysts See -9% Downside Risk
- Q4 revenue hit $5.7B, topping estimates by 5.36%, with EPS at $0.69 versus $0.55 expected—yet the rally faded as 2026 guidance highlighted 'challenging conditions' curbing momentum.
- North America faces high-single-digit contraction while international revenue stays flat, contrasting 2025's 16.31% total return and pressuring profitability amid lower drilling activity.
- Insider selling accelerated with CEO Jeffrey Miller offloading 171,200 shares recently, amplifying investor jitters despite ongoing shareholder returns via dividends and buybacks.
DVN Surges on Analyst Upgrades and Merger Buzz, Fueling Bullish Momentum.
- Barclays upgraded DVN to Overweight on February 4, highlighting potential upside as the stock outpaces energy peers like Exxon and Chevron.
- Unusually high call-option volume spiked 56% above average, reflecting short-term bullish bets and informed speculation on upcoming catalysts.
- Allianz Asset Management boosted its DVN stake, joining a wave of positive analyst moves and chatter around a transformative Devon-Coterra merger for scale and synergies.
Investment Analysis
Halliburton
HAL
Pros
- Halliburton is investing heavily in AI tools for exploration and drilling optimization, positioning it as an innovation leader in oilfield services.
- The company shows strong cash flow generation and commitment to returning capital to shareholders, benefiting from operational efficiency improvements.
- Market interest and institutional buying have ramped up significantly in 2025, indicating growing analyst coverage and investor confidence.
Considerations
- Halliburton’s stock price is relatively volatile with a max historical drawdown near 93%, reflecting high risk and sensitivity to market fluctuations.
- The company faces headwinds in some international markets including rig reductions and lower activity in regions like Saudi Arabia and Middle East/Asia.
- Despite growth prospects, Halliburton’s net income in Q3 2025 was modest at $18 million, suggesting challenges in translating revenue to profit in the short term.
Devon Energy
DVN
Pros
- Devon Energy maintains a solid current ratio of 1.22, indicating good short-term liquidity compared to industry peers.
- The company is considered undervalued within the energy sector, presenting potential upside relative to market expectations.
- Devon Energy benefits from a lower stock volatility than Halliburton, suggesting more stable price movements and potentially reduced investment risk.
Considerations
- Devon’s current ratio is below its 10-year average, possibly indicating weakening liquidity or increasing short-term liabilities.
- The stock price has experienced significant historical drawdowns nearing 95%, showing downside risks in volatile commodity markets.
- Devon Energy’s recent trading price is below its 52-week high, suggesting it is still under pressure or facing headwinds in broader market context.
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Halliburton (HAL) Next Earnings Date
Halliburton (HAL)'s next earnings date is estimated for April 28, 2026. This release will cover the first quarter of 2026 (Q1 2026) results. Following the pattern of recent reports, including Q4 2025 on January 21, 2026, investors should monitor for official confirmation as the date approaches.
Devon Energy (DVN) Next Earnings Date
Devon Energy (DVN) is estimated to release its next earnings report on February 17, 2026, covering the fourth quarter of 2025. This date aligns with the company's historical pattern of mid-February announcements for Q4 results, following the Q3 2025 report issued in early November 2025. Investors should monitor official channels for any confirmation or adjustments to this schedule.
Halliburton (HAL) Next Earnings Date
Halliburton (HAL)'s next earnings date is estimated for April 28, 2026. This release will cover the first quarter of 2026 (Q1 2026) results. Following the pattern of recent reports, including Q4 2025 on January 21, 2026, investors should monitor for official confirmation as the date approaches.
Devon Energy (DVN) Next Earnings Date
Devon Energy (DVN) is estimated to release its next earnings report on February 17, 2026, covering the fourth quarter of 2025. This date aligns with the company's historical pattern of mid-February announcements for Q4 results, following the Q3 2025 report issued in early November 2025. Investors should monitor official channels for any confirmation or adjustments to this schedule.
Which Baskets Do They Appear In?
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Explore BasketWhich Baskets Do They Appear In?
OPEC+ Supply Squeeze: Could Shale Stocks Surge?
OPEC+ has decided to limit its oil production increase, causing a climb in global oil prices. This creates a potential investment opportunity in oil and gas companies, especially U.S. shale producers, who can benefit from the higher prices.
Published: October 10, 2025
Explore BasketOil & Gas
Fuel up with investment opportunities in the energy markets. This collection features carefully selected stocks from industry giants and innovators, chosen by professional analysts for their potential in the growing $6.93 trillion global oil and gas market.
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Explore BasketBuy HAL or DVN in Nemo
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