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

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Updated

The word on Wall Street

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

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Recommendations for Halcon Resources

As of March 13, Reuters reported nine analysts with recommendations on Halcon Resources (HK). Of these, one analyst has a “strong buy” recommendation, six analysts have “buy” recommendations, and two analysts have “hold” recommendations for HK. There are no “sell” or “strong sell” ratings on the stock.

The median price target for HK is $10.00, which is ~84% higher than the March 13 closing price of $5.43.

Recommendations for Carrizo Oil & Gas

As of March 13, Reuters reported 22 analysts with recommendations on Carrizo Oil & Gas (CRZO). Of these, six have “strong buy” recommendations, 11 have “buy” recommendations, and five have “hold” recommendations for CRZO. There are no “sell” or “strong sell” ratings on the stock.

The median price target for CRZO is $27.00, which is ~76% higher than the March 13 closing price of $15.35.

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Recommendations for Newfield Exploration

Currently, ~72% of Wall Street analysts rate Newfield Exploration (NFX) a “strong buy” or “buy,” and ~28% rate it a “hold.” There is no “sell” or “strong sell” rating on the stock.

The median price target for NFX is $38.00, which is ~62% higher than the March 13 closing price of $23.50.

Recommendations for California Resources

Currently, ~43% of Wall Street analysts rate California Resources (CRC) a “strong buy” or “buy,” and ~57% rate it a “hold.” There’s no “sell” or “strong sell” rating on the stock.

The median price target for CRC is $25.50, which is ~78% higher than the March 13 closing price of $14.31.

Recommendations for Jagged Peak Energy

Currently, ~67% of Wall Street analysts rate Jagged Peak Energy (JAG) a “strong buy” or “buy,” and ~33% rate it a “hold.” There’s no “sell” or “strong sell” rating on the stock.

The median price target for JAG is $17.00, which is ~41% higher than the March 13 closing price of $12.02.

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