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Analyzing Wall Street Targets for WLL, AREX, AROC, and IO

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Analyst forecast

To conclude our series on the biggest movers in the upstream and oilfield services sectors, let’s take a look at Wall Street analysts’ recommendations for the leading gainers and losers of the week.

Recommendations for Whiting Petroleum

On January 16, 2018, Reuters reported that 34 analysts had given recommendations on Whiting Petroleum (WLL). Of these, seven analysts gave the stock “strong buy” recommendations, and five gave it “buy” recommendations. There were 17 “hold” recommendations, three “sell” recommendations, and two “strong sell” recommendations on WLL.

The median price target for WLL is $30.00, which is slightly lower than its January 16, 2018, closing price of $30.03.

Recommendations for Approach Resources

On January 16, 2018, Reuters reported that eight analysts had given recommendations on Approach Resources (AREX). Of these analysts, one had a “strong buy” recommendation on AREX. There were five “hold” recommendations and two “sell” recommendations on AREX. There were no “buy” or “strong sell” recommendations on the stock.

The median price target for AREX is $2.25, which is ~38% lower than its January 16 closing price of $3.62.

Recommendations for Archrock

Currently, ~43% of Wall Street analysts call Archrock (AROC) a “strong buy” or a “buy,” while ~57% rate it as a “hold.” There are no “sell” or “strong sell” recommendations on the stock.

AROC’s median price target is $13.00, which is ~24% higher than its January 16 closing price of $10.50.

Recommendations for ION Geophysical

Currently, the single Wall Street analyst covering ION Geophysical (IO) has a “hold” recommendation on the stock. There are no “strong buy,” “buy,” “sell,” or “strong sell” recommendations on the stock.

The median price target for IO is $13.00, which is ~32% lower than its January 16 closing price of $19.05.

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