Several major Wall Street firms have weighed in on exploration and production (E&P) stocks this week. The majority of E&P stocks are now priced at only a fraction of where they were just a year ago.
For some companies, current share prices offer a great investment opportunity for a long-term recovery. For other companies, liquidity issues and other concerns could mean that the worst is yet to come.
Here’s a summary of what these three firms had to say about which E&P names investors should be buying now.
Northland Capital Markets
Northland is expecting increased volatility in the E&P space surrounding Friday’s OPEC meeting. Northland has an Outperform rating on the following names:
- Bellatrix Exploration Ltd BXE 2.19%
- Bonanza Creek Energy Inc BCEI 0.7%
- Callon Petroleum Co CPE 4.6%
- Carrizo Oil & Gas Inc CRZO 4.86%
- Diamondback Energy Inc FANG 2.35%
- Earthstone Energy Inc ESTE 0.19%
- EP Energy Corp EPE 2.35%
- Evolution Petroleum Corp EPM 0.26%
- Gulfport Energy Corp GPOR 2.67%
- Matador Resources Co MTDR 2.56%
- Midstates Petroleum Company Inc MPO 1.69%
- Osage Exploration and Development Inc OEDV 0.4%
- Parsley Energy Inc PE 2.09%
- Rex Energy Corp REXX 1.39%
- Ring Energy Inc REI 1.81%
- RSP Permian Inc RSPP 2.23%
- Sanchez Energy Corp SN 1.16%
- Synergy Resources Corp SYRG 2.7%
- Viper Energy Partners LP VNOM 0.33%
Credit Suisse
Credit Suisse remains…
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