Deutsche Bank lifts price targets at seven oil services stocks


Deutsche Bank analysts raise their price targets on top oil service stocks (OIH), seeing increasing strength in a North American cyclical recovery with current forward earnings estimates perhaps proving to be conservative.

Basic Energy Services (BAS) gets a big price boost to $43 from $18, citing a recent activity update that indicated utilization levels had increased across all the company’s business segments.

Other top stocks rated Buy at the firm, including those whose price objectives have been raised: BHI, EXH, HAL, PTEN, PES, SLB.

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Comments (2)
  • mjtroll1
    , contributor
    Comments (2792) | Send Message
     
    the oih/spy pair is near to top of 3yr downtrend vs spy than bottom (-2.5+25) current _15 ..would look for better location especially given that xle/spy is definitely extended (xle rich)
    17 Apr 2014, 02:43 PM Reply Like
  • The Retired one
    , contributor
    Comments (185) | Send Message
     
    A little humor here.Hal is having a holiday wait till it really kicks into high gear.
    I.M.H.O.
    C Is hiding in wait. always a great pickle
    F is F-ing around real good w/ G.M. who coild possibly deserves it more?
    17 Apr 2014, 02:44 PM Reply Like
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