TipRanks

Notifications

Tag: ET

Total 397 Posts

Analysts Offer Insights on Energy Companies: Halliburton (HAL) and Energy Transfer (ET)

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Halliburton (HALResearch Report) and Energy Transfer (ETResearch Report) with bullish sentiments.

Halliburton (HAL)

TD Cowen analyst Marc Bianchi maintained a Buy rating on Halliburton yesterday and set a price target of $41.00. The company’s shares closed last Thursday at $29.55, close to its 52-week low of $27.26.

According to TipRanks.com, Bianchi is a 1-star analyst with an average return of -2.0% and a 41.5% success rate. Bianchi covers the NA sector, focusing on stocks such as Liberty Oilfield Services, Baker Hughes Company, and Schlumberger.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Halliburton with a $40.15 average price target, implying a 34.6% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $36.00 price target.

See today’s best-performing stocks on TipRanks >>

Energy Transfer (ET)

In a report released yesterday, Michael Blum from Wells Fargo maintained a Buy rating on Energy Transfer, with a price target of $20.00. The company’s shares closed last Thursday at $17.41, close to its 52-week high of $17.71.

According to TipRanks.com, Blum is a 5-star analyst with an average return of 11.2% and a 65.1% success rate. Blum covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Enterprise Products Partners, and Cheniere Energy Partners.

Currently, the analyst consensus on Energy Transfer is a Strong Buy with an average price target of $19.88, a 12.4% upside from current levels. In a report issued on November 6, Mizuho Securities also maintained a Buy rating on the stock.

Read More on HAL: