A key guide to Halliburton before its earnings release (Part 12 of 12)
What’s Wall Street saying?
In this series, we’ve seen how Halliburton’s (HAL) stock turned south sharply in recent months. Now, let’s look at what Wall Street brokers have to say about the company.
Most rate Halliburton a “buy”
Approximately 78% of the analysts tracking Halliburton rate it as a “buy” or some equivalent. Approximately 22% of the analysts rate the company as a “hold” or some equivalent. None of the analysts recommend it as a “sell.”
More than 75% of the analysts tracking the stock recommend a “buy” rating—even in the midst of one of the most severe crude oil price slumps in history. This is positive for the company’s performance.
Analysts’ recommendations
When it comes to individual recommendations, Argus Research gives Halliburton the highest target price. Argus Research is an independent research and analysis firm. The firm has a target of $64 for the company. Currently, Halliburton trades near $38. This implies a 67% return for the next 12 months.
Investment bank UBS AG (UBS) and Barclays (BCS) both have a 12-month target of $55 and $48 for Halliburton, respectively. These targets imply an ~43% and 25% return from Halliburton over the next 12 months, respectively.
Societe Generale is a French multinational banking and financial services company. It gave Halliburton a target of $47. This implies a decent 23% return over the next 12 months. Global Hunter Securities is a Houston-based investment bank. It has a significant focus on energy. It gave the most pessimistic target of $42. This still implies a 10% return over a one-year period.
Wall Street has decent expectations for Halliburton. Halliburton is part of the Market Vectors Oil Services ETF (OIH) and the Energy Select Sector SPDR (XLE).
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