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The Indebted 5: Upstream Energy’s Most Leveraged Companies

PART:
1 2 3 4 5 6
Part 5
The Indebted 5: Upstream Energy’s Most Leveraged Companies PART 5 OF 6

Analyzing Wall Street Targets for JONE, HES, SN, DNR, and AREX

Wall Street recommendations

In this part of our series, we’ll analyze Wall Street recommendations for the five most leveraged oil and gas producers we’ve been discussing in this series.

Analyzing Wall Street Targets for JONE, HES, SN, DNR, and AREX

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Recommendations for Jones Energy

As of September 13, Reuters reported nine analysts with recommendations on Jones Energy (JONE). Of these, two analysts have “strong buy” recommendations, four analysts have “buy” recommendations, and two analysts have “hold” recommendations on JONE. There are one “sell” recommendation and no “strong sell” ratings on the stock.

The mean price target for JONE is $3.00, which is ~146% higher than the September 13 closing price of $1.22.

Recommendations for HESS Corporation

As of September 13, Reuters reported 21 analysts with recommendations on Hess Corporation (HES). Of these, four analysts have “strong buy” recommendations, six analysts have “buy” recommendations, and ten analysts have “hold” recommendations on HESS Corporation. There are one “sell” recommendation and no “strong sell” ratings on the stock.

The mean price target for HES is $50.00, which is ~19% higher than the September 13 closing price of $42.13.

Recommendations for Sanchez Energy

Currently, ~46% of Wall Street analysts rate Sanchez Energy (SN) a “strong buy” or “buy,” and ~39% rate it a “hold.” Around 15% rate the stock a “sell.” The mean price target for SN is $6.00, which is ~33% higher than the September 13 closing price of $4.51.

Recommendations for Denbury Resources

Currently, ~10% of Wall Street analysts rate Denbury Resources (DNR) a “strong buy” and ~70% rate it a “hold.” Around 20% rate the stock a “sell.” There’s no “buy” or “strong sell” rating on the stock.

The mean price target for DNR is $1.40, which is ~24% higher than the September 13 closing price of $1.13.

Recommendations for Approach Resources

As of September 13, Reuters reported 11 analysts with recommendations on Approach Resources (AREX). Of these, one analyst has a “strong buy” recommendation, one analyst has a “buy” recommendation, and seven analysts have “hold” recommendations on AREX. There are two “sell” recommendations and no “strong sell” recommendation on the stock.

The mean price target for AREX is $2.75, which is just ~1% higher than the September 13 closing price of $2.73.

Based on the above Wall Street recommendations, we find that all the stocks covered in this series are trading below their respective targets and have upside potentials ranging from 1% to 146%.

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