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Will SLB, HAL, BHGE, and FTI Rise 50%?


Nov. 20 2020, Updated 11:38 a.m. ET

Oilfield services stocks

Oilfield services stocks have mainly been weak in 2018. The stocks fell significantly in the past month. The VanEck Vectors Oil Services ETF (OIH) has hit a 15-year low. Top oilfield services stocks Schlumberger (SLB), Haliburton (HAL), and TechnipFMC (FTI) hit new 52-week lows on November 13. The three stocks have fallen 32%, 35%, and 26%, respectively, YTD (year-to-date).

Baker Hughes (BHGE) and National Oilwell Varco (NOV) have fallen 26% and 11%, respectively, YTD. Helmerich & Payne (HP) stock has fallen 11% YTD. While the environment for oilfield services stocks looks weak, analysts either seem bullish or haven’t updated their recommendations yet for these stocks.

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Are analysts bullish on oil services stocks?

The above graph shows analysts’ recommendations for oilfield services stocks. As the graph shows, Halliburton, TechnipFMC, Baker Hughes, and Schlumberger must rise more than 50% from their current levels to meet analysts’ respective mean target prices. If these stocks achieve their mean target prices, there will be a very attractive upside for investors.

The above graph ranks the stocks by the percentage of “buy” recommendations. Halliburton has the most “buy” recommendations among the selected stocks. Among the analysts surveyed by Reuters, 83% rated Halliburton as a “buy.” TechnipFMC and Baker Hughes got the second and third highest “buy” ratings.

In this series, we’ll discuss analysts’ ratings for the selected stocks. We’ll start with analysts’ ratings for Halliburton.


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