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Wall Street Forecasts for Recently Listed Oilfield Service Stocks

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Wall Street forecasts for oilfield service stocks

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Consensus rating for CCLP and FI

On January 27, approximately 25% of analysts tracking CSI Compressco LP (CCLP) rated it a “buy” or some equivalent. Approximately 63% rated the company a “hold,” and 12% of analysts recommended a “sell” or an equivalent.

By comparison, approximately 16% of analysts tracking Frank’s International (FI) rated it a “buy” or some equivalent. Approximately 58% rated the company a “hold,” and 26% of analysts recommended a “sell” or an equivalent. FI is 1.6% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES).

Consensus rating for KEG and TUSK

Approximately 50% of analysts tracking Key Energy Services (KEG) rated it a “buy” or some equivalent. The remaining 50% rated the company a “hold.” By comparison, approximately 88% of analysts tracking Mammoth Energy Services (TUSK) rated it a “buy” or some equivalent. Approximately 12% rated the company a “hold.”

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Negative potential returns—CCLP and FI

Wall Street analysts’ mean target price for CCLP on January 27 was $10.4. CCLP is currently trading at ~$12.7, implying ~18% downside for the next year at its current consensus mean price. Analysts’ mean target price for FI on January 27 was $11.9. FI is currently trading at ~$12.5, implying ~5% downside for the next year at its current consensus mean price.

Positive potential returns—KEG and TUSK

Wall Street analysts’ mean target price for KEG on January 27 was $38.1. KEG is currently trading at ~$33.8, implying ~13% upside for the next year at its current consensus mean price. Analysts’ mean target price for TUSK on January 27 was $19.5. FI is currently trading at ~$18.1, implying ~7% upside for the next year at its current consensus mean price.

Learn more about the OFS industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.

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