A new report by Susquehanna Financial Group analyst Biju Perincheril focuses on exploration and production (E&P) stocks and what investors can expect from the oil industry in coming months. After a disastrous past 12 months, Perincheril now believes that the valuations of many E&P stocks are finally starting to look “more reasonable.”

Lowered Expectations

In the report, Susquehanna lowered its long-term outlook for WTI oil prices from $75/bbl to $65/bbl. In addition, the firm lowered its outlook for HH natural gas prices from $4.00/mmbtu to 3.50/mmbtu. Susquehanna believes that this updated price forecast better reflects the realities of the current commodity environment.

Whiting Upgrade

Considering the firm’s updated oil & gas price forecasts, many E&P stocks seem…

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