| Despite Tough Macros, Only Ultra, Gastar And Chesapeake Face Potential Credit Issues Before 2018 | |
| | |
|
There’s no question it has been a tough couple of years for oil & gas E&P stocks, but a new report by Sterne Agee CRT analyst Tim Rezvan suggests that things may not be as bad as the market fears for many companies.
Rezvan sees battered stocks Oasis Petroleum (NYSE: OAS) and Whiting Petroleum Corp (NYSE: WLL) as extremely oversold at this point. After taking a close look at the liquidity positions of the E&P names under coverage, he concludes that only Ultra Petroleum Corp. (NYSE: UPL), Gastar Exploration Inc (NYSE: GST) and Chesapeake Energy Corporation (NYSE: CHK) face potential credit issues prior to 2018.
Related Link: OECD Economist: We're In 'Epic' Situation Worse Than 2007
“Oasis and Whiting, on the other hand, maintain strong liquidity, despite sharp equity underperformance since ’15 that suggests otherwise, and can withstand the inevitable reduction in credit facilities we expect this spring from lending banks feeling stress in their energy loan portfolios,” Rezvan explained.
The firm has Buy ratings on Whiting and Oasis and Neutral ratings on Ultra, Chesapeake and Gastar.
Disclosure: the author owns shares of Whiting Petroleum.
Latest Ratings for OAS
Date | Firm | Action | From | To |
---|
Jan 2016 | Deutsche Bank | Maintains | | Hold | Jan 2016 | Nomura | Maintains | | Neutral | Jan 2016 | Citigroup | Upgrades | Sell | Neutral |
View More Analyst Ratings for OAS
View the Latest Analyst Ratings
See more from Benzinga © 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
|
|
|
Whiting Petroleum Corporation
|
|
|
CODE : WLL |
ISIN : US9663871021 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Whiting Petroleum est une société de production minière de pétrole basée aux Etats-Unis D'Amerique. Whiting Petroleum est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 6,2 milliards US$ (6,1 milliards €). La valeur de son action a atteint son plus haut niveau récent le 22 août 2008 à 99,26 US$, et son plus bas niveau récent le 03 avril 2020 à 0,25 US$. Whiting Petroleum possède 90 927 193 actions en circulation. |