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Wall Street’s Forecasts for Halliburton after 2Q16 Earnings

<p>Approximately 82% of analysts tracking Halliburton rate it a “buy” or some equivalent. About 16% rate it a “hold” or equivalent, and 2% recommend a “sell.”</p>

Alex Chamberlin - Author

Jul. 22 2016, Updated 1:14 p.m. ET

Wall Street’s forecasts for Halliburton

In this final part of our series, we’ll look at Wall Street analysts’ forecasts for Halliburton (HAL) shares following its fiscal 2Q16 earnings release.

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Consensus rating for Halliburton

Approximately 82% of analysts tracking Halliburton rate it a “buy” or some equivalent. About 16% rate it a “hold” or equivalent. Only 2% recommend a “sell.” Halliburton is 0.15% of the WisdomTree Total Dividend ETF (DTD).

In comparison, approximately 25% of analysts tracking C&J Energy Services (CJES) rate it a “buy” or some equivalent. About 63% rate it a “hold,” and 12% rate it a “sell.”

Analyst recommendations for HAL

When it comes to individual recommendations, BMO Capital Markets, the investment banking subsidiary of Canadian Bank of Montreal, gave Halliburton a target price of $50 after the fiscal 2Q16 earnings release. Halliburton currently trades near $44, implying a ~13% return for the next 12 months.

Among the large investment banks, JPMorgan Chase (JPM) gave HAL a one-year target price of $40, one of its lowest. This implies a -10% return over the next one year.

Morgan Stanley (MS) gave Halliburton a one-year target price of $60, one of its highest. This implies a ~36% return at its current price over the next 12 months.

Analyst target prices for HAL

Following the fiscal 2Q16 financial results, the highest target price for HAL is $64.30, and the lowest is $40. The median target price for HAL, surveyed among sell-side analysts, is ~$51.20. HAL is currently trading at ~$44, implying a ~16% upside at its median price.

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