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Analyzing Wall Street’s Targets for CVRR, PARR, CEO, and SU

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Wall Street’s recommendations

To conclude our series on the biggest movers in the refining and marketing sector and the integrated energy sector, let’s look at Wall Street’s recommendations for the leading gainers and decliners this week.

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Recommendations for CVR Refining

As of October 11, 2017, Reuters reported that eight analysts have recommendations for CVR Refining (CVRR). Of those, one analyst has a “strong buy” recommendation, six have a “hold” recommendation, and one has a “sell” recommendation for CVRR. There are no “buy” or “strong sell” ratings for the stock.

The median price target for CVRR is $10, which is ~12.0% lower than the October 11, 2017, closing price of $11.30.

Recommendations for Par Pacific Holdings

As of October 11, 2017, Reuters reported that four analysts have given recommendations for Par Pacific Holdings (PARR). Of those, one analyst has a “strong buy” recommendation, and three have a “buy” recommendation for PARR. There are no “hold,” “sell,” or “strong sell” ratings for the stock.

The median price target for PARR is $23, which is ~11.0% higher than the October 11, 2017, closing price of $20.67.

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Recommendations for China National Offshore Oil

Currently, 67.0% of Wall Street analysts covering China National Offshore Oil (CEO) rate it a “strong buy” or “buy,” and 33.0% rate it a “hold.” There are no “sell” or “strong sell” ratings for the stock. The median price target for CEO is $146, which is ~12.0% higher than the October 11, 2017, closing price of $130.50.

Recommendations for Suncor Energy

Currently, ~79.0% of Wall Street analysts covering Suncor Energy (SU) rate it a “strong buy” or “buy,” and ~21.0% rate it a “hold.” There are no “sell” or “strong sell” ratings for the stock.

The median price target for SU is $47.89, which is ~39.0% higher than the October 11, 2017, closing price of $34.52.

To find out what’s happening in the upstream and oilfield services sectors this week, be sure to read Market Realist’s series The Best, Worst in Upstream and Oilfield Services This Week.

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