Wall Street’s recommendations for Halliburton
Analysts’ rating for Halliburton
On February 15, 2018, approximately 92% of the Wall Street analysts tracking Halliburton rated it a “buy” or some equivalent. Approximately 8% have rated it a “hold” or some equivalent, while none of the sell-side analysts tracking HAL have recommended a “sell.” By comparison, 57% of the sell-side analysts tracking TechnipFMC (FTI) rated it a “buy” or some equivalent on February 15, 2018, while 31% rated it as a “hold,” and the rest of the analysts recommended a “sell” for FTI.
Analysts’ rating changes for HAL
From November 15, 2017, to February 15, 2018, the percentage of analysts recommending a “buy” or some equivalent for HAL has increased from 89% to 92%. Analysts’ “hold” recommendations have remained unchanged during the same period, while their “sell” recommendations decreased. A year ago, ~90% of the sell-side analysts recommended a “buy” for HAL. Halliburton makes up 2.4% of the iShares North American Natural Resources ETF (IGE). IGE decreased 5% in the past year versus a 14% fall in HAL’s stock price during the same period.
Analysts’ target prices for HAL and its peers
On February 15, the sell-side analysts’ mean target price for HAL was $63.9. HAL is currently trading at ~$46.9, implying ~36% return potential at its current price. A month ago, analysts’ average target price for HAL was $54.5.
The mean target price for Core Laboratories (CLB) was $118.3. CLB is currently trading at ~$106.2, implying ~11% upside at its current price. The mean target price among the sell-side analysts for Basic Energy Services (BAS) was ~$27.8. BAS is currently trading at ~$18.4, implying ~51% upside at its current price.
Learn more about the OFS industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.