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Wall Street Target Prices for Select Oilfield Services Companies

Analyzing the Energy Services Landscape through Four Midcaps

(Continued from Prior Part)

Analysts’ recommendations

In this article, we will see Wall Street analysts’ recommendations about select OFS (oilfield equipment and services) stocks. Analysts expect all the stocks we’ve been discussing in this series, except Transocean (RIG), to deliver positive returns over the next year. Weatherford International (WFT) is expected to fetch the highest returns over the next 12 months. We will also discover Wall Street targets for these oilfield services companies.

Why analysts are upbeat on Weatherford

Approximately 63% of analysts tracking Weatherford International have recommended a buy or equivalent, while 33% have recommended a hold and the rest a sell. Analysts’ consensus target price for WFT...