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Analyzing Wall Street Targets for the Best-Performing Upstream Stocks

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Wall Street recommendations

In this article, we’ll look at Wall Street’s recommendations for the leading gainers in 2017 from the upstream sectors, which we have examined in this series.

Recommendations for W&T Offshore

On December 1, 2017, Reuters reported that three analysts gave recommendations on W&T Offshore (WTI). Of these, two analysts gave “hold” recommendations while one analyst gave a “sell” recommendation. There were no “strong buy,” “buy,” or “strong sell” ratings on WTI stock.

The median price target for WTI is $2.00, which is ~43.0% lower than the December 1, 2017, closing price of $3.49.

Recommendations for Cabot Oil & Gas

On December 1, 2017, Reuters reported 29 analysts covered Cabot Oil & Gas (COG) stock. Of these, four analysts gave “strong buy” recommendations, 16 analysts gave “buy” recommendations, and nine analysts gave “hold” recommendations for COG. There were no “sell” or “strong sell” ratings on the stock.

The median price target for COG is $32.00, which is ~12.0% higher than its December 1, 2017, closing price of $28.68. COG is primarily a natural gas (UNG) producer, and it has risen ~23.0% in 2017 despite the significant year-to-date decline in natural gas prices in 2017.

Recommendations for Tellurian

Currently, the only analyst tracking Tellurian (TELL) gave a “buy” rating on the stock. There were no “strong buy,” “hold,” “sell,” or “strong sell” ratings on the stock.

The median price target for TELL is $13.50, which is ~1.0% higher than its December 1, 2017, closing price of $13.32.

Recommendations for Kosmos Energy

Currently, ~69.0% of Wall Street analysts tracking Kosmos Energy (KOS) rate it as a “strong buy” or “buy.” About 31.0% rated it as a “hold.” There were no “sell” or “strong sell” ratings on KOS stock.

The median price target for KOS is $10.00, which is ~25.0% higher than its December 1, 2017, closing price of $7.99.

Recommendations for Matador Resources

Currently, ~72.0% of Wall Street analysts tracking Matador Resources (MTDR) rated it as a “strong buy” or “buy.” About 28.0% rated it as a “hold.” There were no “sell” or “strong sell” ratings on MTDR stock.

The median price target for MTDR is $31.00, which is ~6.0% higher than its December 1, 2017, closing price of $29.14.

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