How Is Wall Street Currently Rating Energy Companies?
Recent upgrades and downgrades
In this part, we’ll study analysts’ most recent ratings for the five largest oilfield services companies by enterprise value.
Recently, there were no upgrades issued by Wall Street analysts for the top five oilfield services companies.
There were also no downgrades issued by Wall Street analysts for the top five oilfield services companies.
Recent recommendations
For Schlumberger (SLB), the most recent recommendation of “outperform” comes from RBC Capital Markets. It was issued on March 1, 2016. RBC Capital Markets assigned SLB the target price of $95, ~28% higher than its March 1 closing price of $74.01.
For Halliburton (HAL), the most recent recommendation of “outperform” comes from RBC Capital Markets. It was issued on March 1. RBC Capital Markets assigned HAL the target price of $42, ~27% higher than its March 1 closing price of $33.02.
For Baker Hughes (BHI), the most recent recommendation of “outperform” comes from RBC Capital Markets. It was issued on March 1. RBC Capital Markets assigned BHI the target price of $66, ~49% higher than its March 1 closing price of $44.26.
For Cameron International (CAM), the most recent recommendation of “buy” comes from Evercore. It was issued on March 1. Evercore assigned CAM the target price of $67, almost the same as its March 1 closing price of $67.15.
For National Oilwell Varco (NOV), the most recent recommendation of “sector perform” comes from RBC Capital Markets. It was issued on March 1. RBC Capital Markets assigned NOV the target price of $33, ~12% higher than its March 1 closing price of $29.51.
All of the above price targets are for a 12-month period from the date of recommendation.
In the next part, we’ll delve further into the recommendations for each of these companies.
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