Barclays analyst David Anderson initiates coverage on $AESI Holdings (AESI.US)$ with a buy rating, and sets the target price at $23.
According to TipRanks data, the analyst has a success rate of 44.1% and a total average return of -0.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $AESI Holdings (AESI.US)$'s main analysts recently are as follows:
The firm acknowledges that macro concerns, subdued expectations, and the absence of catalysts are adequately captured in the energy services group's current discounted valuations. They anticipate that limited downside risk to estimates exists. Looking ahead, the firm suggests that outperformance in the market will be influenced by businesses that stand apart and themes that provide clear earnings visibility in an environment characterized by modest growth.
A weakening in global oil demand growth paired with ample supply is anticipated to present challenges for oil prices and Oilfield Services stock selection in the year 2025. It is the assessment that the present state of global oil supply and demand necessitates an immediate stabilization of U.S. Land oil production. Consequently, there has been an average reduction of 6% in price targets across the sector.
Note:
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