This summary was created by AI, based on 1 opinions in the last 12 months.
The experts generally agree that the energy sector, including iShares Oil & Gas Exploration & Production ETF (IEO-N), has been underperforming but is now undervalued. They also point out that with the increase in WTI, the stocks in this sector are likely to move up. Despite the negative sentiment around 54% of IEO's names, there is anticipation of new discoveries in the coming quarter.
He's bullish oil and oil stocks, that stocks will close the gap with the rise in crude oil.
iShares Oil & Gas Exploration & Production ETF is a American stock, trading under the symbol IEO-N on the BATS Global Markets (IEO). It is usually referred to as AMEX:IEO or IEO-N
In the last year, 1 stock analyst published opinions about IEO-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for iShares Oil & Gas Exploration & Production ETF.
iShares Oil & Gas Exploration & Production ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for iShares Oil & Gas Exploration & Production ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered iShares Oil & Gas Exploration & Production ETF In the last year. It is a trending stock that is worth watching.
On 2024-12-13, iShares Oil & Gas Exploration & Production ETF (IEO-N) stock closed at a price of $92.71.
Energy has been the worst sector, but now it's the cheapest at 10x price to free cash flow and 12x PE. The median return in S&P energy is -3% vs. 30% for all S&P. 54% of IEO's names are negative, but he predicts some will be discovered this quarter. Problem is WTI is up 1% this year at $71. When WTI moves up, so will these stocks.