Halliburton and SLB Stocks Rise 4.6% and 4.0% Respectively
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Energy Sector Outperformance: As of midday Friday, the Energy sector rose by 1.9%, with Halliburton's stock gaining 4.6% and SLB's stock increasing by 4.0%, indicating a strong recovery in the sector that may attract more investor interest.
- Stable ETF Performance: The Energy Select Sector SPDR ETF (XLE), which tracks the energy sector, increased by 2.0% on the day, showing market confidence in the energy industry despite being flat year-to-date.
- Materials Sector Follows Suit: The Materials sector rose by 1.6%, with Mosaic Co and CF Industries gaining 4.4% and 4.2% respectively, suggesting a gradual recovery in the industry that could present new opportunities for investors.
- ETF Tracking Materials Stocks: The Materials Select Sector SPDR ETF (XLB) increased by 1.2%, indicating potential growth expectations in the materials sector, even though it has remained flat year-to-date.
Analyst Views on CF
Wall Street analysts forecast CF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CF is 94.22 USD with a low forecast of 82.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
3 Buy
6 Hold
1 Sell
Hold
Current: 77.340
Low
82.00
Averages
94.22
High
110.00
Current: 77.340
Low
82.00
Averages
94.22
High
110.00
About CF
CF Industries Holdings, Inc. is a global manufacturer of hydrogen and nitrogen products. The Company is focused on decarbonizing its ammonia production network to enable low-carbon hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. The Company's segments include Ammonia, Granular Urea, UAN, AN and Other. Ammonia segment produces anhydrous ammonia (ammonia), which is the base product that it manufactures (containing 82% nitrogen and 18% hydrogen). Granular Urea segment produces granular urea, which contains 46% nitrogen. UAN segment produces urea ammonium nitrate solution (UAN). AN segment produces ammonium nitrate (AN). Other segment primarily includes products, such as diesel exhaust fluid (DEF), urea liquor and nitric acid. Its manufacturing complexes in the United States, Canada, and the United Kingdom, a storage, transportation and distribution network in North America, and logistics capabilities enable a global reach.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
