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Analyzing Wall Street Targets for the Worst-Performing Upstream Stocks

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Dec. 5 2017, Published 6:20 p.m. ET

Wall Street recommendations

To conclude our series on the best- and worst-performing upstream stocks in 2017, we’ll look at the Wall Street recommendations for the leading decliners discussed in this series.

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Recommendations for Bonanza Creek Energy

On December 1, 2017, Reuters reported that four analysts gave recommendations on Bonanza Creek Energy (BCEI). Of these, three analysts gave “hold” recommendations while one analyst gave a “sell” recommendation. There were no “strong buy,” “buy,” or “strong sell” ratings on the stock.

The median price target for BCEI is $34.86, which is ~25.0% higher than its December 1, 2017, closing price of $27.99.

Recommendations for EP Energy

On December 1, 2017, Reuters reported 15 analysts tracking EP Energy (EPE). Of these, one analyst gave a “strong buy” recommendation, six analysts gave “hold” recommendations, while five analysts gave “sell” recommendations for EPE.

There were three “strong sell” recommendations for EPE. There were no “buy” recommendations for EPE.

The median price target for EPE is $3.00, which is ~67.0% higher than the December 1, 2017, closing price of $1.80.

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Recommendations for Denbury Resources

About 9.0% of Wall Street analysts rated Denbury Resources (DNR) as a “strong buy” or “buy,” and ~73.0% rated it as a “hold.” Around 18% of these analysts gave “sell” or “strong sell” ratings on the stock.

The median price target for DNR is $2.00, which is ~5.0% higher than the December 1, 2017, closing price of $1.91.

Recommendations for Whiting Petroleum

About 37% of Wall Street analysts rated Whiting Petroleum (WLL) as a “strong buy” or “buy,” and ~44% rated it as a “hold.” Around 19% of these analysts gave “sell” or “strong sell” rating on the stock.

The median price target for WLL is $30.00, which is ~16.0% higher than the December 1, 2017, closing price of $25.86.

According to Reuters, there are no analysts covering Energy XXI Gulf Coast (EXXI).

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