| Nomura: It's Finally Time To Buy E&P Stocks | |
| | |
|
Analysts at Nomura released a new report in which they initiated coverage on a long list of stocks within the U.S. Energy sector.
The report focused on Exploration and Production (E&P) companies.
Outlook
Analysts have a bullish view on North American E&P overall, despite noting that the S&P 500 is at all-time highs.
Analysts believe that oil prices, which are down nearly 50 percent in the past year, drive the performance of many E&P stocks, and they believe that a recovery in oil prices is coming in the near future.
Analysts initiated mostly bullish coverage on the following stocks:
-
Concho Resources (NYSE: CXO)-Buy, $149 target
-
Canadian Natural Resources Ltd (NYSE: CNQ)-Buy
-
Range Resources Corp (NYSE: RRC)-Buy, $71 target
-
Newfield Exploration Co (NYSE: NFX)-Buy, $47 target
-
Marathon Oil Corp (NYSE: MRO)-Buy, $36 target
-
Anadarko Petroleum Corp (NYSE: APC)-Buy, $104 target
-
Continental Resources Inc (NYSE: CLR)-Buy, $61 target
-
Encana Corp (NYSE: ECA)-Buy, $16 target
-
EOG Resources Inc (NYSE: EOG)- Buy, $112 target
-
Pioneer Natural Resources Co (NYSE: PXD)-Buy, $212 target
-
Suncor Energy Inc (NYSE: SU)-Buy
-
Apache Corp (NYSE: APA)-Reduce, $63 target
-
Chesapeake Energy Corp (NYSE: CHK)-Reduce, $13 target
-
Cenovus Energy Inc (NYSE: CVE)-Reduce
-
Denbury Resources (NYSE: DNR)-Reduce, $9 target
-
Noble Energy (NYSE: NBL)-Reduce, $48 target
-
Cabot Oil & Gas Corp (NYSE: COG)-Neutral, $33 target
-
ConocoPhillips (NYSE: COP)-Neutral, $70 target
-
Devon Energy Corp (NYSE: DVN)-Neutral, $74 target
-
Hess Corp (NYSE: HES)-Neutral, $85 target
-
Murphy Oil Corp (NYSE: MUR)-Neutral, $52 target
-
Oasis Petroleum Inc (NYSE: OAS)-Neutral, $17 target
-
Southwestern Energy Corp (NYSE: SWN)-Neutral, $27 target
-
Ultra Petroleum Corp (NYSE: UPL)-Neutral, $17 target
-
Whiting Petroleum Corp (NYSE: WLL)-Neutral, $39 target
-
Climarex Energy Corp (NYSE: XEC)-Neutral, $130 target
Latest Ratings for APA
Date | Firm | Action | From | To |
---|
Apr 2015 | Nomura | Initiates Coverage on | | Reduce | Apr 2015 | BMO Capital | Initiates Coverage on | | Market Perform | Mar 2015 | Citigroup | Maintains | | Buy |
View More Analyst Ratings for APA
View the Latest Analyst Ratings
See more from Benzinga © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
|
|
|
Chesapeake Energy Corporation
|
|
DEVELOPMENT STAGE |
CODE : CHK |
ISIN : US1651671075 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Chesapeake Energy is a producing company based in United states of america. Chesapeake Energy develops natural gas and oil in USA. Its main asset in development is DEEP BOSSIER in USA. Chesapeake Energy is listed in Germany and in United States of America. Its market capitalisation is US$ 83.7 billions as of today (€ 78.2 billions). Its stock quote reached its lowest recent point on March 13, 2020 at US$ 0.12, and its highest recent level on November 18, 2022 at US$ 99.94. Chesapeake Energy has 909 242 558 shares outstanding. |