Florida Republicans Criticize Trump's Drilling Plan: Governor Ron DeSantis and other Florida Republicans have expressed strong opposition to President Trump's offshore drilling proposal for the Gulf of America, citing concerns over its impact on the state's natural beauty and economy.
Call for Reconsideration of Previous Policy: DeSantis's office has urged the Department of the Interior to revert to the 2020 policy that prohibited drilling off Florida's coasts, emphasizing the importance of preserving the state's beaches and coastal waters.
Bipartisan Concerns Over Environmental Impact: Senator Ashley Moody and Senator Rick Scott have both voiced their worries about the new drilling maps, highlighting the need to protect Florida's environment for residents and tourism.
Trump's Drilling Proposal Draws Broader Criticism: The updated offshore drilling plan has faced backlash not only from Florida but also from California, where Governor Gavin Newsom has criticized similar proposals, indicating a growing bipartisan concern over the administration's energy policies.
Wall Street analysts forecast XLE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast XLE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 48.750
Low
Averages
High
Current: 48.750
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
