Wall Street’s recommendations for Halliburton
In this article, we’ll look at changes in Wall Street analysts’ recommendations for Halliburton (HAL) on March 13, 2017.
Analyst ratings for Halliburton
On March 13, 92% 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 3% have rated it a “sell” or some equivalent. In comparison, approximately 58% of analysts tracking Baker Hughes (BHI) rated it a “buy” or some equivalent.
Analysts’ rating changes for HAL
From December 13, 2016, to March 13, 2017, the percentage of analysts recommending a “buy” or some equivalent for HAL has increased from 88% to 92%. Analysts’ “hold” and “sell” recommendations have fallen for HAL in the past four months. A year ago, ~78% of the sell-side analysts recommended a “buy” for HAL. Halliburton makes up 2.6% of the iShares North American Natural Resources ETF (IGE).
Analysts’ target prices for HAL and its peers
Wall Street analysts’ mean target price for HAL on March 13 was $64.20. HAL is currently trading at ~$51, implying a ~26% upside at its current median price. A month ago, analysts’ average target price for HAL was $63.50.
The mean target price among the sell-side analysts for the Oil States International (OIS) is $40.30. OIS is currently trading at ~$32, implying a ~26% upside at its average target price. The mean target price among sell-side analysts for Weatherford International (WFT) is ~$7.50. WFT is currently trading at ~$6.30, implying an ~18% upside at its mean target price.
Learn more about the OFS industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.