Wall Street recommendations
To conclude this series on the biggest movers in the upstream and oilfield services sector, we will now look at the Wall Street recommendations for the leading gainers and decliners this week.
Recommendations for Northern Oil and Gas
As of January 2, 2018, three of four analysts covering Northern Oil and Gas (NOG) had “hold” recommendations, while one analyst had a “sell” recommendation. There weren’t any “strong buy,” “buy,” or “strong sell” ratings on the stock. The median price target for NOG is $2.25, which is ~11% lower than the January 2 closing price of $2.54.
Recommendations for Jones Energy
As of January 2, 2018, Reuters reported eight analysts having recommendations on Jones Energy (JONE). The median price target for JONE is $1.75, which is ~64% higher than the January 2, 2018, closing price of $1.07.
Recommendations for Flotek Industries
Currently, the two Wall Street analysts covering Flotek Industries (FTK) rate it a “buy.” The median price target for FTK is $6.00, which is ~13% higher than the January 2, 2018, closing price of $5.30.
Recommendations for Weatherford International
Currently, ~78% of Wall Street analysts rate Weatherford International (WFT) a “strong buy” or “buy,” and ~19% rate it a “hold.” Around 3% of analysts have “sell,” or “strong sell” ratings on the stock. The median price target for WFT is $5.00, which is ~45% higher than the January 2, 2018, closing price of $3.46.