RBC Capital analyst Keith Mackey maintains $Halliburton (HAL.US)$ with a hold rating, and adjusts the target price from $37 to $36.
According to TipRanks data, the analyst has a success rate of 63.7% and a total average return of 22.6% 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 assumptions for U.S. activity in the second half of 2024 and 2025, slightly curtailing its international growth forecasts for 2025, and adjusting estimates downward for the covered oilfield services companies. The firm notes an expectation of approximately flat U.S. activity through 2025 and, in general, observes a scarcity of immediate catalysts for stocks within the sector, except for the strong free cash flow and returns to shareholders that are anticipated.
The firm's assessment of Halliburton, as part of a wider preview of Q3 outcomes for Oilfield Services and Refining sectors, acknowledges the company's compelling valuation and solid performance. The preference, however, leans towards Oilfield Services entities with more international leverage.
Note:
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