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What Wall Street Is Forecasting for Halliburton

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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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