What Wall Street Is Forecasting for Halliburton



Wall Street’s forecasts for Halliburton

In this part of the series, we’ll look at Wall Street analysts’ forecasts for Halliburton (HAL) stock.

On March 3, 2017, approximately 92.0% of analysts tracking Halliburton stock rated it a “buy” or some equivalent. Approximately 5.0% rated it a “hold.” Only 3.0% recommended a “sell” or equivalent. Halliburton makes up 0.23% of the SPDR S&P 500 ETF (SPY).

By comparison, about 39.0% of analysts tracking Core Laboratories (CLB) rated it a “buy” or some equivalent on March 3, 2017. About 56.0% rated it a “hold.”

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Analysts’ rating changes for HAL

From December 3, 2016, to March 3, 2017, the percentage of analysts recommending a “buy” or some equivalent for HAL has risen from 88.0% to 92.0%. A year ago, ~78.0% of sell-side analysts recommended a “buy” for the stock.

Analysts’ target price for HAL

Wall Street analysts’ mean target price for HAL on March 3, 2017, was $64.23. HAL is currently trading at ~$53.90, implying a ~19.0% upside to its current consensus mean price. A month ago, analysts’ average target price for HAL was $63.50.

Target prices for HAL’s peers

The mean target price among sell-side analysts for Keane Group (FRAC) was $25.20 on March 3, 2017. FRAC is currently trading at ~$17.20, implying a 46.0% upside to its average target price. You can read Market Realist’s analysis at Keane Group’s IPO: Is the Timing Right? 

The mean target price surveyed among sell-side analysts for Oil States International (OIS) is $40.30. OIS is currently trading at ~$35.50, implying a 13.0% upside to its average target price.

You can find out more about the OFS (oilfield equipment and services) industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.


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