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Analyzing Wall Street’s Targets for COP, EOG, OXY, PXD, and APC

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The top 5 heavyweights

To conclude this series on how the upstream’s top five heavyweights managed their debt situations in 2017, we’ll look now at Wall Street’s recommendations.

Recommendations for ConocoPhillips

As of December 12, 2017, Reuters reported 21 analysts giving recommendations for ConocoPhillips (COP). Six of them have rated COP a “strong buy,” and nine have rated it a “buy.” Six analysts have given it a “hold,” and there are no “sell” or “strong sell” recommendations for the stock.

The median price target for COP is $57, which is ~10% higher than the December 12, 2017, closing price of $51.96.

Recommendations for EOG Resources

As of December 12, 2017, Reuters reported 35 analysts giving recommendations for EOG Resources (EOG). Ten of them have rated EOG a “strong buy,” and 11 have rated it a “buy.” Fourteen analysts have recommended a “hold,” and there are no “sell” or “strong sell” ratings.

The median price target for EOG is $110, which is ~10% higher than the December 12, 2017, closing price of $100.28.

Recommendations for Occidental Petroleum

Currently, ~33% of Wall Street analysts rate Occidental Petroleum (OXY) a “strong buy” or “buy,” and ~59% rate it a “hold.” About 8% of the analysts have rated it a “sell” or “strong sell.” The median price target for OXY is $69.50, which is ~1% lower than the December 12, 2017, closing price of $70.03.

Recommendations for Pioneer Natural Resources

Currently, ~87% of Wall Street analysts covering Pioneer Natural Resources (PXD) have given it a “strong buy” or “buy” rating, and ~13% have rated it a “hold.” There are no “sell” or “strong sell” ratings. The median price target for PXD is $185, which is ~16% higher than the December 12, 2017, closing price of $158.99.

Recommendations for Anadarko Petroleum

Currently, ~79% of Wall Street analysts covering Anadarko Petroleum (APC) stock recommend a “strong buy” or “buy,” and ~18% rate it a “hold.” Around 3% of them have rated it a “sell” or “strong sell.”

The median price target for APC is $62, which is ~28% higher than the December 12, 2017, closing price of $48.54.

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