In the spreadsheet above I have tracked the earnings estimates for the Exploration & Production Sector (XOP). I have columns for what the 2021 estimates were: 11/24/2020 and today.
The column under the date 1/24/2021 has a letter that represents the movement in 2021 earnings estimates since the most recent print (11/24/2020). “U” means 2021 estimates are UP in the last 60 days. “D” means 2021 estimates are DOWN in the last 60 days. “S” means 2021 estimates have remained the SAME in the last 60 days. The column entitled “1yr Target Est” is the Wall Street consensus 12 month price target for each stock. You can see how it has come up or come down in recent weeks.
What this table is telling us so far is that estimates for the sector have jumped. More estimates went UP for 2021 in the past 60 days than came DOWN – 24:6 UP:DOWN ratio. The rest remained the same.
The cumulative 2021 earnings power of the group rose by +42.13% in the last 60 days.
