Wall Street’s forecasts for HAL

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

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

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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