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



Wall Street’s forecasts for Halliburton

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

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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.

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