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What Are Wall Street’s Targets for XOG, CHK, PE, GPOR, and WPX?

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Wall Street targets

In this part, we will look at the Wall Street recommendations for the worst normalized free cash flow upstream companies that we’re discussing in this series. To know more about our normalized free cash flow methodology and filtering criteria, refer to part one of this series.

Recommendations for Extraction Oil & Gas

As of December 20, 2017, 14 analysts are covering Extraction Oil & Gas (XOG). Of these, five analysts have “strong buy” ratings, seven analysts have “buy” recommendations, while two analysts have “hold” recommendations on XOG. There aren’t any “sell” or “strong sell” recommendations on the stock.

The median price target for XOG is $20.00, which is ~35% higher than the December 20, 2017, closing price of $14.83.

Recommendations for Chesapeake Energy

As of December 20, 2017, Reuters reported 30 analysts having recommendations on Chesapeake Energy (CHK). Of these, one analyst has a “strong buy” recommendation, while three analysts have “buy” recommendations on CHK. There are 19 “hold” recommendations on Chesapeake Energy. Also, there are six “sell” and one “strong sell” ratings on the stock.

The median price target for CHK is $4.25, which is ~12% higher than the December 20, 2017, closing price of $3.78.

Other upstream companies

Based on the median price targets from Wall Street analysts, Parsley Energy (PE), Gulfport Resources (GPOR), and WPX Energy (WPX) have upside potentials of ~36%, ~60%, and ~26% from their December 20 closing prices.

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