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Wall Street’s Targets for the Best-Performing Upstream Stocks

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Updated

The word on Wall Street

We’ll now look at Wall Street’s recommendations for the leading gainers in 2018 from the US oil and gas production, or upstream, sector.

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Recommendations for Whiting Petroleum

As of March 13, Reuters reported 33 analysts with recommendations on Whiting Petroleum (WLL). Of these, seven analysts have a “strong buy” recommendation while seven have “buy” recommendations on WLL. There are 17 “hold” recommendations, and there’s one “sell” recommendation and one “strong sell” recommendation for WLL.

The median price target for WLL is $35.00, which is ~15% higher than the March 13 closing price of $30.40.

Recommendations for W&T Offshore

As of March 13, Reuters reported two analysts with recommendations on W&T Offshore (WTI). Both analysts have “hold” recommendations on WTI. There are no “strong buy,” “buy,” “sell,” or “strong sell” ratings on the stock.

The median price target for WTI is $4.25, which is ~8% higher than the March 13 closing price of $3.94.

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Recommendations for Enerplus

Currently, all eight Wall Street analysts recommending Enerplus (ERF) have a “buy” recommendation on the stock. There are no “strong buy,” “hold,” “sell,” or “strong sell” ratings on the stock.

The median price target for ERF is $18.00, which is ~64% higher than the March 13 closing price of $10.96.

Recommendations for Anadarko Petroleum

Currently, ~88% of Wall Street analysts rate Anadarko Petroleum (APC) a “strong buy” or “buy,” and ~12% rate it a “hold.” There’s no “sell” or “strong sell” rating on the stock.

The median price target for APC is $73.00, which is ~25% higher than the March 13 closing price of $58.55.

Recommendations for Denbury Resources

Currently, 10% of Wall Street analysts rate Denbury Resources (DNR) a “strong buy” or “buy,” and 80% rate it a “hold.” Around 10% of analysts have “sell” or “strong sell” ratings on the stock.

The median price target for DNR is $2.50, which is ~4% higher than the March 13 closing price of $2.40.

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