Susquehanna has adjusted its price target for Halliburton (HAL, Financial), bringing it down to $30 from a previous target of $32. Despite the reduction, the firm maintains a Positive rating on the stock. This revision follows Halliburton's first-quarter performance and reflects the challenges currently facing the oilfield services sector.
Susquehanna acknowledges that the current market environment presents difficulties, but it remains optimistic about Halliburton's prospects. The company is praised for its effective execution and diverse range of products. Additionally, Halliburton's strong global presence and ability to generate free cash flow are seen as significant advantages, positioning it well within the industry despite short-term hurdles.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 analysts, the average target price for Halliburton Co (HAL, Financial) is $31.77 with a high estimate of $50.00 and a low estimate of $23.00. The average target implies an upside of 53.47% from the current price of $20.70. More detailed estimate data can be found on the Halliburton Co (HAL) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Halliburton Co's (HAL, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Halliburton Co (HAL, Financial) in one year is $38.34, suggesting a upside of 85.22% from the current price of $20.7. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Halliburton Co (HAL) Summary page.
