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What Are Analysts’ Targets for the Top OFS Companies in 2017?

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Analyst recommendations

In this part of the series, we’ll look at Wall Street analysts’ targets for the top OFS (oilfield services and equipment) stocks from our select set. We’ve screened these stocks based on the highest expected revenue, EBITDA (earnings before interest, tax, depreciation, and amortization), and EPS (earnings per share) in 1Q17, as estimated by Wall Street analysts.

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Analysts’ target for Halliburton

Halliburton (HAL) ranks first among our list of OFS companies in terms of earnings growth. About 92.0% of sell-side analysts tracking Halliburton have recommended a “buy” or equivalent. Analysts’ consensus target price for HAL is $64.26. HAL is currently trading near $50. That implies a 29.0% rise over the next 12 months. HAL makes up 0.21% of the SPDR S&P 500 ETF (SPY).

Analysts’ recommendations for FTK and FMSA

Flotek Industries (FTK) is expected to post the second-highest EPS growth among our select set of OFS companies. All the sell-side analysts tracking FTK have recommended a “buy” or equivalent, according to data compiled by Reuters. Analysts’ consensus target price for FTK is $18.30. FTK is currently trading near $11.20. That implies a rise of ~64.0% over the next 12 months.

About 93.0% of analysts have recommended a “buy” for Fairmount Santrol Holdings (FMSA), and only 7.0% have recommended a “sell.” Analysts’ consensus target price for FMSA is $12.50. FMSA is currently trading near $6.60. That implies a rise of ~89.0% over the next 12 months.

Analysts’ recommendations for WFT

Approximately 74.0% of analysts tracking Weatherford International (WFT) have recommended a “buy” or equivalent for the stock. About 20.0% have recommended a “hold,” and the rest have recommended a “sell.” Analysts’ consensus target price for WFT is $7.46. WFT is currently trading near $6. That implies a rise of ~24.0% over the next 12 months.

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

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