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Wall Street’s Forecasts for Halliburton after Low Fiscal 4Q15 Earnings

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Nov. 20 2020, Updated 3:21 p.m. ET

Wall Street analyst forecasts for Halliburton after fiscal 4Q15

In this last part of our series, we’ll look at the Wall Street analyst forecasts for Halliburton Company’s (HAL) shares following its fiscal 4Q15 earnings release.

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The consensus rating for Halliburton still looks positive

Approximately 81% of analysts tracking Halliburton have rated it a “buy” or some equivalent. By contrast, approximately 17% of analysts tracking the company have rated it a “hold” or some equivalent, while the remaining analysts have recommended a “sell.”

In comparison, approximately 48% of the analysts tracking RPC (RES) have rated the company a “buy” or some equivalent, and approximately 48% of the analysts tracking the company have rated it as “hold,” while the rest of the analysts have rated it as “sell.” Halliburton makes up 3.2% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES).

Analyst recommendations for Halliburton are still high

When it comes to individual recommendations, Scotia Howard Weil, an energy investment and research firm, gave Halliburton a target price of $45, one of the highest target prices the company has received. Halliburton currently trades near $29, implying an approximate 54% return over the next 12 months. By comparison, Capital One Securities, another independent research firm, gave Halliburton a one-year target price of $36, which is one of the lowest target prices the company has received. But notably, this target price still implies a 23% return over the next year.

Among the large investment banks, Barclays (BRC) gave Halliburton a one-year target price of $40, which implies a 37% return over the next 12 months.

Strong analyst target prices for Halliburton?

So following the company’s fiscal 4Q15 financial results, the highest target price for HAL is $50 while the lowest is $36. This means that the median target price for HAL, when surveyed among the sell-side analysts, is approximately $42.6. HAL is currently trading at around $29.3, implying an approximate 45% upside at its median price.

For more sharp and up-to-date analysis of the oil and gas industry, check out Market Realist’s Energy and Power page.

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