RBC Capital Markets' Sweet 16 Price Targets - Sept 17

[dan_s]

RBC Capital sent out an updated report on the upstream companies which they follow.
Below are their current Sweet 16 price targets based on 2021 commodity prices of $45.15/bbl for WTI and $2.40/mcf for HH gas.
NOTE that they don't cover all 16 companies. It should also be noted that the current NYMEX strip for HH gas is much higher than the gas price their analysts have to use.

CPE = $30
CLR = $18
CXO = $73
DVN = $14 < I am updating my forecast /valuation today & tomorrow for Devon. It is likely to be added back to the Sweet 16 in my next newsletter.
ESTE = $5
FANG = $50
EOG = $69
EQT = $16
OVV = $11
PE = $14
PXD = $115
RRC = $6