Why Halliburton Company (HAL) Crashed on Tuesday

We recently published an article titled Gold Miners Dominate Tuesday’s Worst-Performing Stocks. In this article, we are going to take a look at where Halliburton Company (NYSE:HAL) stands against the other stocks.

Wall Street’s main indices bounced back from a bloodbath on Tuesday as investors gobbled up shares on hopes that the US-China trade tensions can subside.

The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent.

Despite a broader market optimism, 10 companies, predominantly gold miners, were heavily sold down amid lower gold prices.

To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in trading volume.

A drilling rig in the desert with an orange sunset in the background.

Halliburton Company (NYSE:HAL)

Halliburton Company (NYSE:HAL) dropped its share prices for a second straight day, shedding 5.57 percent to finish at $20.70 apiece as investors sold off positions following a dismal first earnings performance.

In a statement, Halliburton Company (NYSE:HAL) said net income attributable to the company dropped by 66 percent to $204 million from $606 million in the same period a year earlier, as revenues dropped by 6.7 percent to $5.4 billion from $5.8 billion year-on-year.

Earlier, Halliburton Company (NYSE:HAL) earned a lower price target of $28 from RBC Capital, down from $34 previously. 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 pressure over tariff policies and broader economic issues.

Overall HAL ranks 5th on our list of Tuesday’s worst-performing stocks. 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.