What Are Wall Street’s Targets for WTI, CRC, DNR, WLL, and OAS?

To conclude our overview of the biggest movers in the upstream and oilfield services sector, we’ll discuss Wall Street analysts’ recommendations for the companies with the strongest gains in 2018.

As of May 22, Reuters reported three analysts covering W&T Offshore (WTI). Of these, one analyst has a “hold” recommendation, one analyst has a “sell” recommendation, while one analyst has a “strong sell” recommendation on WTI. There aren’t any “strong buy” or “buy” ratings on the stock. The median price target for WTI is $6.00, which is ~28% lower than the May 22 closing price of $8.34.

As of May 22, Reuters reported seven analysts having recommendations on California Resources (CRC). Of these, one analyst has a “strong buy” recommendation, one analyst has a “buy” recommendation, while five analysts have “hold” recommendations on CRC. There aren’t any “sell” or “strong sell” ratings on the stock. The median price target for CRC is $34.50, which is ~10% lower than the May 22 closing price of $38.14.

Based on the median price targets from Wall Street analysts, Denbury Resources (DNR) has a potential downside of ~7%, whereas Oasis Petroleum (OAS) has a potential upside of ~12% from May 22 closing prices. As of May 22, Whiting Petroleum (WLL) is trading marginally below its target price.