Wall Street’s forecasts for Halliburton
Analysts’ ratings for Halliburton
As of January 16, 2018, 89% of Wall Street analysts tracking Halliburton rated it a “buy” or some equivalent. Approximately 11% of the analysts tracking HAL have recommended a “hold,” while none rated it a “sell” or equivalent. By comparison, ~47% of sell-side analysts tracking Tenaris (TS) rated it a “buy” or some equivalent as of April 16, while 47% recommended a “hold,” according to data compiled by Reuters.
Analysts’ rating changes for HAL
From January 16, 2018, to April 16, 2018, the percentage of analysts recommending a “buy” or some equivalent for HAL has remained unchanged at 89%. Analysts’ “sell” recommendations, however, have decreased during this period. A year ago, ~92% of sell-side analysts recommended a “buy” for HAL. Halliburton makes up 2.9% of the iShares US Energy ETF (IYE). IYE provides exposure to US companies that produce and distribute oil and gas. IYE rose 3% in the past one year versus a 4% increase in Halliburton stock during the same period.
Analysts’ target prices for HAL and its peers
Wall Street analysts’ mean target price for HAL on April 16, 2018, was ~$62.7. HAL is currently trading at ~$50.8, implying a ~23% upside at its current mean price. A month ago, analysts’ average target price for HAL was $63.2.
The mean target price among sell-side analysts for US Silica Holdings (SLCA) was $37.3 as of April 16. SLCA is currently trading at ~$27.2, implying nearly 37% returns at its current price. The mean target price among the sell-side analysts for Basic Energy Services (BAS) was ~$23.0 as of April 16. BAS is currently trading at ~$15.2, 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. Also, read Market Realist’s Analyzing Schlumberger before Its 1Q18 Earnings.