uploads/2018/01/XLE-Best-Worst-2017-Analyst-Worst-1.png

Wall Street Targets for Worst-Performing XLE Stocks in 2017

By

Updated

Wall Street recommendations

In this final part of the series, we’ll look at Wall Street analysts’ recommendations for the biggest losing stocks in 2017 from the Energy Select Sector SPDR ETF (XLE) that we’ve been looking at in this series.

Article continues below advertisement

Recommendations for Range Resources

As of January 23, 2018, Reuters reported 32 analysts with recommendations for Range Resources (RRC). Seven of them have “strong buy” recommendations, and 15 have “buy” recommendations for the stock. There are eight “hold” recommendations, one “sell” recommendation, and one “strong sell” recommendation.

The median price target for RRC is $24, which is ~38% higher than the closing price of $17.33 on January 23, 2018.

Recommendations for Chesapeake Energy

As of January 23, 2018, Reuters reported 30 analysts with recommendations for Chesapeake Energy (CHK). One of them has a “strong buy” recommendation, while three have “buy” recommendations. There are 18 “hold” recommendations, seven “sell” recommendations, and one “strong sell” recommendation.

The median price target for CHK is $4.50, which is ~11% higher than the closing price of $4.07 on January 23, 2018.

Article continues below advertisement

Recommendations for Apache

As of January 23, 2018, Reuters reported 31 analysts with recommendations for Apache Corporation (APA). Two of them have “strong buy” recommendations, and five have “buy” recommendations. There are 16 “hold” recommendations, six “sell” recommendations, and two “strong sell” recommendations.

The median price target for APA is $50, which is ~5% higher than the closing price of $47.77 on January 23, 2018.

Recommendations for Baker Hughes

Currently, ~39% of Wall Street analysts rate Baker Hughes, a GE company (BHGE) a “strong buy” or “buy,” and ~55% rate it a “hold.” About 6% of them have a “sell” or “strong sell” rating for the stock.

The median price target for BHGE is $37, which is ~3% higher than the closing price of $35.82 on January 23, 2018.

Recommendations for Hess

Currently, ~43% of Wall Street analysts rate Hess Corporation (HES) a “strong buy” or “buy,” and ~43% rate it a “hold.” About 14% of the analysts have a “sell” or “strong sell” rating for the stock.

The median price target for HES is $55.50, which is ~3% higher than the closing price of $53.62 on January 23, 2018.

Advertisement

More From Market Realist