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What Are Wall Street’s Forecasts for HAL ahead of 2Q16 Earnings?

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Jul. 8 2016, Updated 3:06 p.m. ET

Wall Street’s forecasts for HAL

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

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Consensus rating for Halliburton

Approximately 85% of analysts tracking Halliburton rate it a “buy” or some equivalent. ~13% rate the company a “hold” or an equivalent, and the rest have rated it as a “sell.” HAL makes up 0.15% of the WisdomTree Total Dividend ETF (DTD).

In comparison, ~67% of analysts tracking Weatherford International (WFT) rate it a “buy” or some equivalent. ~25% of analysts tracking it rate it as a “hold,” and the rest rate it a “sell.”

Analyst recommendations for Halliburton

When it comes to individual recommendations, Capital One Securities gave HAL a target price of $42, one of its lowest target prices. HAL currently trades near $43.5, so the target implies a -4% return over the next 12 months. Evercore ISI has a $58 target price for HAL, one of the stock’s highest target prices. At its current share price, this target implies a 33% return over the next 12 months.

Among the large investment banks, Credit Suisse (CS) gave HAL a target of $49. This implies a ~13% return from Halliburton over the next 12 months.

Analyst target prices for HAL

While the highest target price for HAL is $60, the lowest is $35. The median target price surveyed among sell-side analysts for HAL is ~$48, implying an 11% upside.

For more industry analysis, visit Market Realist’s Energy and Power page.

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