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Wall Street Analysts’ Targets for SLB, HAL, NOV, and WFT

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Analysts’ recommendations

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Halliburton has the most “buy” recommendations

Approximately 90% of the analysts tracking Halliburton (HAL) recommended a “buy” or some equivalent, ~8% recommended a “hold,” and the rest recommended a “sell.” Analysts’ consensus target price for Halliburton is ~$54.2. Currently, Halliburton is trading near $41.5, which implies ~31% returns over the next 12 months. Halliburton is one of the sell-side analysts’ top picks in the OFS industry.

Schlumberger and Weatherford 

Approximately 73% of analysts tracking Schlumberger (SLB) recommended a “buy” or some equivalent, ~27% recommended a “hold,” and none of the sell-side analysts recommended a “sell.” Analysts’ consensus target price for Schlumberger is ~$78. Currently, Schlumberger is trading at $66.5, which implies 17.5% returns over the next 12 months.

Approximately 73% of the analysts tracking Weatherford International (WFT) recommended a “buy” or some equivalent, ~24% recommended a “hold,” and the rest recommended a “sell.” Analysts’ consensus target price for Weatherford is $5.9. Currently, Weatherford is trading near $4.3, which implies ~40% returns over the next 12 months.

National Oilwell Varco

Only ~21% of the analysts tracking National Oilwell Varco (NOV) recommended a “buy” or some equivalent, while ~68% recommended a “hold,” and ~11% recommended a “sell.” Analysts’ consensus target price for National Oilwell Varco is near $35. Currently, National Oilwell Varco is trading near $32, which implies 10% upside over the next 12 months. National Oilwell Varco makes up 5.8% of the iShares US Oil Equipment & Services (IEZ). IEZ fell 16% in the past year—compared to an 8% fall in National Oilwell Varco’s stock price during the same period. The SPX-INDEX rose 14% during this period.

To learn more about the OFS industry, read The Oilfield Equipment and Services Industry: A Primer.

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