SIG analyst Charles Minervino maintains $Halliburton (HAL.US)$ with a buy rating, and adjusts the target price from $46 to $42.
According to TipRanks data, the analyst has a success rate of 45.6% and a total average return of -1.7% 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 assumptions for U.S. activity in the second half of 2024 and 2025, tempering expectations for international growth in 2025, and adjusting its estimates for covered oilfield services companies. The outlook projects approximately flat U.S. activity through 2025 and notes a general lack of immediate catalysts for stocks in the sector, with the exception of strong free cash flow and returns of cash to shareholders.
The firm prefers greater international levered Oilfield Services exposure, although Halliburton's valuation is attractive and its execution has been strong.
Note:
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