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Exploring Analysts’ Targets for WFT, HAL, BHI, and TDW

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Analysts’ recommendations

In this article, we’ll look at Wall Street analysts’ targets for the oilfield equipment and services (or OFS) companies we discussed earlier in this series.

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Halliburton has the most “buy” recommendations

Approximately 90% of analysts tracking Halliburton (HAL) have recommended “buys” or equivalents, ~5% have recommended “holds,” and the rest have recommended “sells” on the stock. Analysts’ consensus target price for HAL is ~$63.5. HAL is currently trading near $54.3, implying a return of ~17% over the next 12 months. Halliburton, freed from the Baker Hughes merger, is one of analysts’ top picks in the OFS industry.

Recommendations for Weatherford and Baker Hughes

Approximately 73% of analysts tracking Weatherford International (WFT) have recommended “buys” or equivalents, ~19% have recommended “holds,” and the rest have recommended “sells” on the stock. Analysts’ consensus target price for WFT is ~$7.5. WFT is currently trading at ~$5.9, implying a ~26% return over the next 12 months.

Approximately 57% of analysts tracking Baker Hughes (BHI) have recommended “buys” or equivalents, ~40% have recommended “holds,” and the rest have recommended “sells” on the stock. Analysts’ consensus target price for BHI is $69.5. BHI is currently trading near $61.2, implying a 13.6% return over the next 12 months. BHI makes up 7.2% of the iShares US Oil Equipment & Services ETF (IEZ).

Tidewater has no “buy” recommendations

No analysts tracking Tidewater (TDW) have recommended “buys” or equivalents, ~50% have recommended “holds,” and the rest have recommended “sells” on the stock. Analysts’ consensus target price for TDW is near $1.5. TDW is currently trading near $1.35, implying an 11% upside over the next 12 months.

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

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