uploads/2016/04/Broker-Recommendations21.jpg

Wall Street’s Forecasts for HAL before Its 1Q16 Earnings

By

Updated

Wall Street’s forecasts for Halliburton

In this article, we’ll look at Wall Street analysts’ forecasts for Halliburton (HAL).

Article continues below advertisement

Consensus rating for Halliburton

Approximately 78% of analysts tracking Halliburton rate it as a “buy” or some equivalent. Approximately 19% rate the company as a “hold” or an equivalent, and the remaining 3% rate it as a “sell.” Halliburton makes up 0.18% of the SPDR S&P 500 ETF (SPY).

In comparison, approximately 36% of analysts tracking C&J Energy Services (CJES) rate it as a “buy” or some equivalent, while approximately 59% of analysts tracking it rate it as a “hold,” and the rest rate it as a “sell.”

Analysts’ recommendations for Halliburton

When it comes to individual recommendations, BMO Capital Markets, the investment banking subsidiary of the Bank of Montreal, gave HAL a target price of $44. HAL is currently trading near $38, implying a ~15% return over the next 12 months.

JPMorgan Chase (JPM) has a target price of $38 for HAL, one of the stock’s lowest target prices. At HAL’s current share price, this implies a near-zero return over the next 12 months.

Raymond James has given HAL a target of $49, one of its highest target prices. This implies a ~29% return for Halliburton over the next 12 months.

Analysts’ target prices for Halliburton

While the highest target price for HAL is $52, the lowest is $33. HAL’s median target price, surveyed among sell-side analysts, is ~$41.3. HAL is currently trading at ~$38, implying an 8% upside at its median price.

Learn more about the oil & gas industry at Market Realist’s Energy and Power page.

Advertisement

More From Market Realist