Does Macquarie rate Whitehaven Coal shares a buy, hold or sell?

Whitehaven Coal Ltd (ASX: WHC) shares have been resilient in what has been a down year for ASX energy shares.

The S&P/ASX 200 Energy Index (ASX: XEJ) is down roughly 3% year to date. 

Meanwhile, Whitehaven Coal shares have risen almost 11%.

Broker Macquarie has…