How Is Wall Street Currently Rating Energy Companies?
Recent upgrades and downgrades
In this part, we’ll study analysts’ most recent ratings for the five largest integrated companies by market capitalization.
Recently, there were no upgrades issued by Wall Street analysts for the top five integrated companies.
There were also no downgrades issued by Wall Street analysts for the top five integrated companies.
Recent recommendations
For ExxonMobil (XOM), the most recent recommendation of “sector perform” comes from Scotia Howard Weil. It was issued on March 1, 2016. Scotia Howard Weil assigned XOM the target price of $85, ~5% higher than its March 1 closing price of $81.28.
For PetroChina (PTR), the most recent recommendation of “hold” comes from Morningstar. It was issued on February 16, 2016. Morningstar did not mention any target price for PTR.
For Chevron (CVX), the most recent recommendation of “buy” comes from Edward Jones. It was issued on February 26, 2016. Edward Jones didn’t mention any target price for CVX.
For Royal Dutch Shell (RDS.A), the most recent recommendation of “buy” comes from Tudor Pickering and Company. It was issued on February 29, 2016. Tudor Pickering assigned RDS.A the target price of $52.2, ~12% higher than its March 1 closing price of $46.44.
For BP (BP), the most recent recommendation of “hold” comes from Tudor Pickering and Company. It was issued on February 29. Tudor Pickering assigned BP the target price of $28.28, ~5% lower than its March 1 closing price of $29.63.
All of the above price targets are for a 12-month period from the date of recommendation.
In the next part, we’ll delve further into the recommendations for each of these companies.
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