Why These Energy Stocks are Gaining This Week

4. Halliburton Company (NYSE:HAL)

Share Price Gains Between Oct. 17 and Oct. 24: 19.22%

Next on our list of Energy Stocks that Gained This Week is Halliburton Company (NYSE:HAL), one of the largest providers of products and services to the energy industry in the world.

Halliburton Company (NYSE:HAL) shot up after the company announced better-than-expected results for its Q3 2025 on October 21, topping estimates in both earnings and revenue. Moreover, HAL revealed that it is expecting $400 million in annual savings from its cost-cutting measures, which is much-needed given the long-term negative outlook on global oil demand growth.

Following the third quarter reports, Halliburton Company (NYSE:HAL) received an extensive amount of positive attention from analysts, including upgrades from ‘Sector Perform’ to ‘Outperform’ from RBC Capital and from ‘Hold’ to ‘Buy’ at HSBC.

Moreover, Halliburton Company (NYSE:HAL) announced last week that it is collaborating with VoltaGrid to deliver power solutions to data centers, signaling the company’s foray into the booming power market at a time when the global demand for oilfield fracking is slackening.