Stifel analyst Stephen Gengaro maintains $Halliburton (HAL.US)$ with a buy rating, and adjusts the target price from $45 to $42.
According to TipRanks data, the analyst has a success rate of 41.2% and a total average return of 4.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Halliburton (HAL.US)$'s main analysts recently are as follows:
The firm is revising its activity assumptions for the second half of 2024 and 2025 for the U.S., tempering its international growth expectations for 2025, and adjusting estimates for covered oilfield services companies. The analyst notes a projection of roughly flat U.S. activity through 2025 and suggests that, broadly speaking, there are 'limited near-term catalysts for stocks' in the sector, barring the 'robust' free cash and cash returns to shareholders.
The firm's outlook on Halliburton has been adjusted in anticipation of the upcoming Q3 results for the Oilfield Services and Refining sector. While acknowledging the stock's appealing valuation and solid execution, analysts express a preference for companies with more significant international leverage in the OFS market.
Note:
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