Halliburton Q1 beats estimates but sees limited upside amid uncertain drilling activity.

Halliburton reported resilient Q1 results, beating estimates despite a 4% revenue drop and 21% net income decline quarter-over-quarter. The company’s future growth depends on a delayed increase in global drilling activity, which has not yet materialized despite higher oil prices. The analyst rates Halliburton as a hold, suggesting re-entry below $35 per share to reduce downside risk amid ongoing industry and economic uncertainties.