Wall Street Analysts’ Targets for CDEV, PE, OIS, and CRR

Analysts’ recommendations

To conclude the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the leading gainers and decliners this week.

Wall Street Analysts’ Targets for CDEV, PE, OIS, and CRR

Centennial Resource Development

As of January 30, 2018, Reuters reported that 15 analysts gave recommendations on Centennial Resource Development (CDEV). Eight analysts have a “strong buy” recommendation, five analysts have a “buy” recommendation, and two analysts have a “hold” recommendation. There aren’t any “sell” or “strong sell” ratings on the stock.

The median target price for Centennial Resource Development is $25.00, which is ~20% higher than the closing price of $20.92 on January 30, 2018.

Parsley Energy

As of January 30, 2018, Reuters reported that 31 analysts gave recommendations on Parsley Energy (PE). Nine analysts have a “strong buy” recommendation, 17 analysts have a “buy” recommendation, and five analysts have a “hold” recommendation. There aren’t any “sell” and “strong sell” ratings on the stock.

The median target price for Parsley Energy is $37.00, which is ~54% higher than the closing price of $24.07 on January 30, 2018.

Oil States International

Currently, ~68% of the analysts rate Oil States International (OIS) as a “strong buy” or “buy,” while ~62% rate it as a “hold.” There aren’t any “sell” or “strong sell” ratings on the stock. The median target price for Oil States International is $28.50, which is ~13% lower than the closing price of $32.80 on January 30.

CARBO Ceramics

Currently, ~17% of the analysts rate CARBO Ceramics (CRR) as a “strong buy” or “buy,” while ~83% rate it as a “hold.” There aren’t any “sell” or “strong sell” ratings on the stock. The median target price for CARBO Ceramics is $10.00, which is ~26% higher than the closing price of $7.91 on January 30.