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Analyzing Wall Street Targets for CRC, COG, BAS, and AROC

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Wall Street recommendations

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

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Recommendations for California Resources

As of November 8, Reuters reported eight analysts with recommendations on California Resources (CRC). Of these analysts, two have “buy” recommendations, four analysts have “hold” recommendations, and two analysts have “sell” recommendations on CRC. There’s no “strong buy” or “strong sell” rating on the stock.

The median price target for CRC is $13.00, which is ~19% lower than the November 7 closing price of $16.04.

Recommendations for Cabot Oil and Gas

As of November 8, Reuters reported 30 analysts with recommendations on Cabot Oil & Gas (COG). Of these analysts, four have “strong buy” recommendations while 16 have “buy” recommendations on COG. There are ten “hold” recommendations on COG. Currently, the stock has no “sell” or “strong sell” ratings.

The median price target for COG is $31.00, which is ~11% higher than the November 7 closing price of $27.84.

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Recommendations for Basic Energy Services

Currently, ~43% of Wall Street analysts rate Basic Energy Services (BAS) a “buy” and ~57% rate it a “hold.” There’s no “strong buy,” “sell,” or “strong sell” rating on the stock. The median price target for BAS is $23, which is ~2% lower than the November 7 closing price of $23.51.

Recommendations for Archrock

Currently, ~38% of Wall Street analysts rate Archrock (AROC) a “buy” and ~62% rate it a “hold.” There’s no “strong buy,” “sell,” or “strong sell” rating on the stock.

The median price target for AROC is $13.50, which is ~26% higher than the November 7 closing price of $10.70.

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