Stifel's fresh E&P stock price targets - Nov 9
Posted: Mon Nov 09, 2020 2:54 pm
This morning I received a detailed report from the Stifel Energy Research Team. Below are their updated prices target for the companies in our three model portfolios that they cover.
Sweet 16 Companies:
> CPE = $16.50
> CRK = $7.50
> CLR = $22.00
> CXO = $65.00 < I have dropped CXO because of the merger with COP
> DVN = $31.00 < Now one of my Top Picks
> EOG = $89.00 < Rock solid and recently announced a major gas discovery in South Texas
> FANG = $81.00
> MTDR = $15.00
> PDCE = $22.00
> PE = $16.00 < will soon merge with PXD
> PXD = $149.00
> RRC = $8.00 < Despite the rise in natural gas prices, Stifel still rates it a HOLD
> WPX = $10.00 < will soon merge with DVN and I love the deal
> TALO = $15.00 < IMO a STRONG BUY if hurricane season ever ends
> XEC = $54.00 < Now one of my Top Picks
Others:
> LPI = $23.00
> SM = $4.00 < Despite a price target double the current share price, Stifel rates it a HOLD
> BSM = $14.00 < An MLP heavily weighted to gas
> MNRL = $16.00
> VNOM = $16.00
Sweet 16 Companies:
> CPE = $16.50
> CRK = $7.50
> CLR = $22.00
> CXO = $65.00 < I have dropped CXO because of the merger with COP
> DVN = $31.00 < Now one of my Top Picks
> EOG = $89.00 < Rock solid and recently announced a major gas discovery in South Texas
> FANG = $81.00
> MTDR = $15.00
> PDCE = $22.00
> PE = $16.00 < will soon merge with PXD
> PXD = $149.00
> RRC = $8.00 < Despite the rise in natural gas prices, Stifel still rates it a HOLD
> WPX = $10.00 < will soon merge with DVN and I love the deal
> TALO = $15.00 < IMO a STRONG BUY if hurricane season ever ends
> XEC = $54.00 < Now one of my Top Picks
Others:
> LPI = $23.00
> SM = $4.00 < Despite a price target double the current share price, Stifel rates it a HOLD
> BSM = $14.00 < An MLP heavily weighted to gas
> MNRL = $16.00
> VNOM = $16.00