Key Analyst Ratings on Energy Stocks Last Week
XOM’s outlook downgraded
ExxonMobil (XOM) has a long-term credit rating of AA+, the highest among its peers. However, in 2Q17, Standard & Poor’s downgraded XOM’s outlook from “stable” to “negative,” stating that “the negative outlook reflects financial leverage that is high for the current rating, as well as the potential for a downgrade if we no longer expect credit measures to improve over the next two years.”
Interested in FTK? Don't miss the next report.
Receive e-mail alerts for new research on FTK
COP’s ratings since Barnett announcement
As of June 30, 2017, 28.0% of analysts covering ConocoPhillips (COP) had “strong buy” recommendations for the stock.
Twenty-five analysts have given recommendations for COP. Of those, seven have recommended a “strong buy,” 11 have recommended a “buy,” and seven have given it a “hold.” There are no “strong sell” or “sell” recommendations for the stock.
Latest recommendations for Flotek
According to Reuters, as of June 30, 2017, all of the sell-side analysts tracking Flotek Industries (FTK) have rated the stock a “buy” or some equivalent. By comparison, only about 50.0% of analysts tracking Core Laboratories (CLB) have rated the stock a “buy” or some equivalent as of the same date.
On June 30, 2017, Bank of America Merrill Lynch downgraded Ensco (ESV) to “underperform” from “neutral.” Ensco announced its plan to acquire Atwood Oceanics (ATW) on May 30, 2017. Since then, many analysts have revised their recommendations and target prices for the company. On June 19, 2017, Piper Jaffray downgraded Atwood Oceanics (ATW) to “neutral” from “overweight.”
Analyst ratings for refiners
MPC, VLO, TSO, and PSX are covered by 20, 22, 21, and 20 analysts, respectively. Of those analysts, 95.0%, 55.0%, 81.0%, and 30.0%, respectively, have given “buy” recommendations.