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Wall Street’s Forecasts for Halliburton before Its 4Q16 Earnings

Alex Chamberlin - Author

Jan. 10 2017, Updated 7:36 a.m. ET

Consensus rating for Halliburton

In this article, we’ll look at Wall Street analysts’ recommendations for Halliburton (HAL). On January 3, 2017, 90% of the analysts tracking Halliburton rated it a “buy” or some equivalent. Approximately 5% of the analysts tracking HAL have recommended a “hold” while the remaining 5% have rated a “sell” or some equivalent. In comparison, approximately 45% of analysts tracking Core Laboratories (CLB) rated it a “buy” or some equivalent on January 3.

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Analysts’ rating changes for HAL

From October 3, 2016, to January 3, 2017, the percentage of analysts recommending a “buy” or some equivalent for HAL has increased from 88% to 90%. Analysts’ “hold” recommendations have declined for HAL in the past three months, while the company’s “sell” recommendations have remained unchanged.

A year ago, ~78% of the sell-side analysts recommended a “buy” for HAL. Halliburton comprises 2.6% of the iShares North American Natural Resources ETF (IGE).

Analysts’ target prices for HAL and its peers

Wall Street analysts’ median target price for HAL on January 3 was $60. HAL is currently trading at ~$55.60, implying an ~8% upside at its current median price. A year ago, analysts’ average target price for HAL was $46.30.

The mean target price surveyed among the sell-side analysts for Tidewater (TDW) was $3.63 on January 3, 2017. TDW is currently trading at ~$3.60, implying an ~1% upside at its average target price.

The mean target price surveyed among the sell-side analysts for FMC Technologies (FTI) was ~$35.50 on January 3. FTI is currently trading at ~$36.40, implying a 2% downside at its average price.

You can learn more about the OFS industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.


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