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Oilfield Services Stocks: Free Cash Flow Winners and Losers

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Part 10
Oilfield Services Stocks: Free Cash Flow Winners and Losers PART 10 OF 10

Wall Street Targets for the Best and Worst Oilfield Service Stocks

Analysts’ recommendations

In this article, we’ll look at Wall Street analysts’ targets for our select best and worst oilfield equipment and services (or OFS) stocks. Analysts expect all four companies registering the highest free cash flow growth (or FCF) in 2Q17 to deliver positive returns over the next 12 months. Wall Street analysts also expect the two worst OFS companies by FCF growth to post positive returns over the next 12 months.Wall Street Targets for the Best and Worst Oilfield Service Stocks

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SPN has the no “sell” recommendations

Approximately 50% of Wall Street analysts tracking Superior Energy Services (SPN) have recommended a “buy” or equivalent on the stock, as surveyed by Reuters. Approximately 50% recommended a “hold.” None of the sell-side analysts recommended a “sell.” Analysts’ consensus target price for SPN is ~$14.6. SPN is currently trading near $8.4, which implies ~73.5% returns over the next 12 months.

Recommendations for HAL and FMSA

Approximately 90% of analysts tracking Halliburton (HAL) have recommended a “buy” or equivalent. Approximately 8% recommended a “hold,” and ~3% of sell-side analysts recommended a “sell.” Analysts’ consensus target price for HAL is ~$54. HAL is currently trading at $39, which implies a 39% return over the next 12 months. Halliburton is one of the top picks for sell-side analysts covering the OFS industry.

Approximately 63% of sell-side analysts tracking Fairmount Santrol Holdings (FMSA) have recommended a “buy” or equivalent and ~31% have recommended a “hold.” Analysts’ consensus target price for FMSA is near $5.4. FMSA is currently trading near $2.65, which implies 104% upside over the next 12 months. FMSA is 0.89% of the iShares U.S. Oil Equipment & Services ETF (IEZ). Since June 30, 2017, FMSA fell 32%, compared to an 11% decline in IEZ’s price.

Analysts have moderate ratings for NOV

Approximately 24% of analysts tracking National Oilwell Varco (NOV) have recommended a “buy” or equivalent on the stock. Approximately 65% recommend a “hold,” and the rest recommend a “sell.” Analysts’ consensus target price for NOV is ~$35. NOV is currently trading near $30.4, which implies ~15% returns over the next 12 months.

Learn more about the OFS industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.

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