Deep Dive: Oil stocks have lagged the S&P 500 in 2019 but Wall Street loves them

A screen of the S&P stocks shows something remarkable: the stocks that Wall Street analysts have the most confidence in are concentrated in the oil and gas industry.

There are 80 stocks in the S&P 500 SPX, -0.62% with “buy” or equivalent ratings from at least 75% of sell-side analysts polled by FactSet. Among those 80, here are the 10 with the highest 12-month upside potential, based on the analysts’ mean price targets:

Company Ticker Industry Share ‘buy’ ratings Share neutral ratings Closing price – July 16 Consensus price target Implied 12-month upside potential
Halliburton Co. HAL, +0.32% Oilfield Services/ Equipment 85% 15% $22.88 $34.93 53%
Concho Resources Inc. CXO, +2.81% Oil & Gas Production 89% 11% $98.80 $145.38 47%
Noble Energy Inc.

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