12 Most Promising Energy Stocks According to Analysts

6) Halliburton Company (NYSE:HAL)

Average Upside Potential: 30.9%

Number of Hedge Fund Holders: 38

Halliburton Company (NYSE:HAL) offers products and services to the energy industry. Saurabh Pant, an analyst from Bank of America Securities, maintained a “Buy” rating on the company’s stock. The rating is backed by several factors, such as strategic initiatives and market positioning. Even though the company faced challenges in 2025 because of weak US pricing and a cautious global oil market, Halliburton Company (NYSE:HAL)’s prospects seem to be promising with an expected recovery in North American spending in 2026 and beyond.

Halliburton Company (NYSE:HAL)’s robust customer alliances and investments over the past years have placed it well to capture a broader market share without the requirement of new acquisitions. While there are some risks, mainly with anticipated declines in revenues and margins over the near term, Halliburton Company (NYSE:HAL)’s disciplined capital management, together with healthy FCF, aids the analyst’s Buy rating. The anticipation of a bottoming out of the US land downcycle, together with an expected upside in broader gas markets, paints a positive outlook.

Despite the challenging environment, there are certain areas where Halliburton Company (NYSE:HAL) continues to make progress. It has been making investments in advanced drilling technology, artificial lift, and well intervention services, which can support its revenues over the upcoming 3-5 years.