Recommendations for HAL
After Halliburton’s (HAL) third-quarter earnings release, Credit Suisse cut its target price on the stock from $51 to $46. RBC cut its target price for HAL from $60 to $56. It has given the stock an “outperform” rating.
Of the 35 analysts surveyed by Reuters covering Halliburton stock, 13 have rated it as a “strong buy,” 16 have rated it as a “buy,” and six have rated it as a “hold.”
The graph above shows how analysts’ recommendations and mean target prices for Halliburton have changed in the last 12 months.
The mean price target for Halliburton is currently $50.2, implying a massive upside potential of ~38% from Halliburton’s current price of $36.4.
Of the analysts covering Schlumberger (SLB), 60% have given it “buys,” 37% have given it “holds,” and 3% have given it “sells.” The median target price for Schlumberger provided by the surveyed analysts is $74.
Of the analysts covering TechnipFMC (FTI), 72% have given it “buys,” 21% have given it “holds,” and 7% have given it “sells.” In comparison, half of the analysts covering Baker Hughes, a GE company (BHGE), have given it “buys,” 46% have given it “holds,” and 4% have given it “sells.”
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