2017 Energy Outlook - Factset

What is the outlook for oil prices and Energy sector earnings going forward? Do analysts expect oil prices and Energy sector earnings to rise in 2017?

The answer is yes. Analysts currently project that both the price of oil (WTI) and the estimated earnings for the Energy sector will increase over the next several quarters. In terms of the price of oil (WTI), analysts believe the average price for the quarter will increase from $46.84 in Q3 2016 to $55.88 in Q3 2017. In terms of projected earnings for the S&P 500 Energy sector, analysts believe dollar-level earnings will increase from $4.3 billion in Q3 2016 to $14.0 billion in Q3 2017.

Sources : http://www.factset.com/insight/2016/09/earningsinsight_09.23.16#.V-iH-_p942w