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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:
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Concho Resources (NYSE: CXO)-Buy, $149 target
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Canadian Natural Resources Ltd (NYSE: CNQ)-Buy
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Range Resources Corp (NYSE: RRC)-Buy, $71 target
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Newfield Exploration Co (NYSE: NFX)-Buy, $47 target
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Marathon Oil Corp (NYSE: MRO)-Buy, $36 target
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Anadarko Petroleum Corp (NYSE: APC)-Buy, $104 target
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Continental Resources Inc (NYSE: CLR)-Buy, $61 target
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Encana Corp (NYSE: ECA)-Buy, $16 target
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EOG Resources Inc (NYSE: EOG)- Buy, $112 target
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Pioneer Natural Resources Co (NYSE: PXD)-Buy, $212 target
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Suncor Energy Inc (NYSE: SU)-Buy
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Apache Corp (NYSE: APA)-Reduce, $63 target
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Chesapeake Energy Corp (NYSE: CHK)-Reduce, $13 target
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Cenovus Energy Inc (NYSE: CVE)-Reduce
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Denbury Resources (NYSE: DNR)-Reduce, $9 target
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Noble Energy (NYSE: NBL)-Reduce, $48 target
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Cabot Oil & Gas Corp (NYSE: COG)-Neutral, $33 target
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ConocoPhillips (NYSE: COP)-Neutral, $70 target
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Devon Energy Corp (NYSE: DVN)-Neutral, $74 target
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Hess Corp (NYSE: HES)-Neutral, $85 target
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Murphy Oil Corp (NYSE: MUR)-Neutral, $52 target
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Oasis Petroleum Inc (NYSE: OAS)-Neutral, $17 target
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Southwestern Energy Corp (NYSE: SWN)-Neutral, $27 target
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Ultra Petroleum Corp (NYSE: UPL)-Neutral, $17 target
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Whiting Petroleum Corp (NYSE: WLL)-Neutral, $39 target
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Climarex Energy Corp (NYSE: XEC)-Neutral, $130 target
Latest Ratings for APA
| Date | Firm | Action | From | To |
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| Apr 2015 | Nomura | Initiates Coverage on | | Reduce | | Apr 2015 | BMO Capital | Initiates Coverage on | | Market Perform | | Mar 2015 | Citigroup | Maintains | | Buy |
View More Analyst Ratings for APA
View the Latest Analyst Ratings
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Anadarko
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CODE : APC |
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ISIN : US0325111070 |
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ProfileMarket
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Anadarko is a exploration company based in Canada. Anadarko is listed in Germany and in United States of America. Its market capitalisation is US$ 38.6 billions as of today (€ 34.5 billions). Its stock quote reached its lowest recent point on May 12, 1995 at US$ 10.00, and its highest recent level on May 23, 2014 at US$ 99.93. Anadarko has 531 000 000 shares outstanding. |