NEW YORK (TheStreet) -- The Wall Street view of natural gas stocks hasn't been good, and it got even worse on Friday with pile-on bearish natural gas pricing and stock outlooks from Stifel and Argus Research.
Earlier in the week, as natural gas spot market pricing hit its lowest level in eight months, predictions surfaced calling for a natural gas spot price under $2 in 2012. Pricing may not get that bad, but it is getting worse and that will hit the natural gas stocks hard, cutting into earnings and keeping the sector in the equity market doghouse, according to the latest analyst research.
Natural gas stocks, led by last year's 102% gainer Cabot Oil & Gas (COG), began a slide that has continued throughout the week.
Stifel reduced its natural gas pricing forecast for 2012 to $3.25/$4.00 from $4.50/$5.00.
|The Wall Street view of natural gas stocks continues to be a pile-on pessimism outlook in 2012.|
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