Sweet 16 Price Targets - Jan 10
Posted: Tue Jan 10, 2023 3:02 pm
Mizuho Securities USA initiates CHK, CHRD, CIVI, others; assumes APA, AR, COP, others
Initiated:
Chesapeake Energy (CHK) initiated buy with $155 target
Chord Energy (CHRD) initiated buy with $196 target
Callon Petroleum (CPE) initiated buy with $59 target
California Resources (CRC) initiated buy with $60 target
Crescent Energy (CRGY) initiated buy with $19 target
Magnolia Oil & Gas (MGY) initiated buy with $32 target
PDC Energy (PDCE) initiated buy with $97 target
SM Energy (SM) initiated buy with $51 target
Civitas Resources (CIVI) initiated neutral with $71 target
Earthstone Energy (ESTE) initiated neutral with $19 target
Gulfport Energy (GPOR) initiated neutral with $92 target
Matador Resources (MTDR) initiated neutral with $70 target
Permian Resources (PR) initiated neutral with $13 target
CNX Resources (CNX) initiated underperform with $19 target
Assumed:
Antero Resources (AR) assumed buy; target increased to $51 from $47
ConocoPhillips (COP) assumed buy; target increased to $151 from $135
Coterra Energy (CTRA) assumed buy; target decreased to $41 from $42
HF Sinclair (DINO) assumed buy vs prior neutral; target increased to $68 from $40
Devon Energy (DVN) assumed buy; target decreased to $82 from $86
EQT Corp (EQT) assumed buy; target increased to $64 from $61
Diamondback Energy (FANG) assumed buy; target decreased to $195 from $211
Murphy Oil (MUR) assumed buy; target decreased to $51 from $53
Ovintiv (OVV) assumed buy; target increased to $68 from $61
Occidental Petroleum (OXY) assumed buy; target increased to $82 from $81
PBF Energy (PBF) assumed buy; target increased to $50 from $43
Pioneer Natural Resources (PXD) assumed buy; target decreased to $294 from $305
Valero Energy (VLO) assumed buy; target increased to $157 from $150
Exxon Mobil (XOM) assumed buy; target increased to $140 from $90
Comstock Resources (CRK) assumed neutral vs prior buy; target decreased to $17 from $21
Chevron (CVX) assumed neutral vs prior buy; target increased to $200 from $185
EOG Resources (EOG) assumed neutral vs prior buy; target increased to $160 from $155
Hess Corporation (HES) assumed neutral vs prior buy; target increased to $164 from $150
Marathon Petroleum (MPC) assumed neutral vs prior buy; target increased to $133 from $125
Marathon Oil (MRO) assumed neutral vs prior buy; target is $32
Phillips 66 (PSX) assumed neutral vs prior buy; target increased to $121 from $115
Range Resources Corp. (RRC) assumed neutral; target decreased to $32 from $38
Southwestern Energy (SWN) assumed neutral vs prior buy; target is $9
APA Corp. (APA) assumed underperform vs prior buy; target decreased to $48 from $52
Delek US Holdings (DK) assumed underperform vs prior neutral; target increased to $30 from $25
Vital Energy (LPI) assumed underperform; target is $55
Top picks are FANG, CTRA, XOM
Analyst is Nitin Kumar
Initiated:
Chesapeake Energy (CHK) initiated buy with $155 target
Chord Energy (CHRD) initiated buy with $196 target
Callon Petroleum (CPE) initiated buy with $59 target
California Resources (CRC) initiated buy with $60 target
Crescent Energy (CRGY) initiated buy with $19 target
Magnolia Oil & Gas (MGY) initiated buy with $32 target
PDC Energy (PDCE) initiated buy with $97 target
SM Energy (SM) initiated buy with $51 target
Civitas Resources (CIVI) initiated neutral with $71 target
Earthstone Energy (ESTE) initiated neutral with $19 target
Gulfport Energy (GPOR) initiated neutral with $92 target
Matador Resources (MTDR) initiated neutral with $70 target
Permian Resources (PR) initiated neutral with $13 target
CNX Resources (CNX) initiated underperform with $19 target
Assumed:
Antero Resources (AR) assumed buy; target increased to $51 from $47
ConocoPhillips (COP) assumed buy; target increased to $151 from $135
Coterra Energy (CTRA) assumed buy; target decreased to $41 from $42
HF Sinclair (DINO) assumed buy vs prior neutral; target increased to $68 from $40
Devon Energy (DVN) assumed buy; target decreased to $82 from $86
EQT Corp (EQT) assumed buy; target increased to $64 from $61
Diamondback Energy (FANG) assumed buy; target decreased to $195 from $211
Murphy Oil (MUR) assumed buy; target decreased to $51 from $53
Ovintiv (OVV) assumed buy; target increased to $68 from $61
Occidental Petroleum (OXY) assumed buy; target increased to $82 from $81
PBF Energy (PBF) assumed buy; target increased to $50 from $43
Pioneer Natural Resources (PXD) assumed buy; target decreased to $294 from $305
Valero Energy (VLO) assumed buy; target increased to $157 from $150
Exxon Mobil (XOM) assumed buy; target increased to $140 from $90
Comstock Resources (CRK) assumed neutral vs prior buy; target decreased to $17 from $21
Chevron (CVX) assumed neutral vs prior buy; target increased to $200 from $185
EOG Resources (EOG) assumed neutral vs prior buy; target increased to $160 from $155
Hess Corporation (HES) assumed neutral vs prior buy; target increased to $164 from $150
Marathon Petroleum (MPC) assumed neutral vs prior buy; target increased to $133 from $125
Marathon Oil (MRO) assumed neutral vs prior buy; target is $32
Phillips 66 (PSX) assumed neutral vs prior buy; target increased to $121 from $115
Range Resources Corp. (RRC) assumed neutral; target decreased to $32 from $38
Southwestern Energy (SWN) assumed neutral vs prior buy; target is $9
APA Corp. (APA) assumed underperform vs prior buy; target decreased to $48 from $52
Delek US Holdings (DK) assumed underperform vs prior neutral; target increased to $30 from $25
Vital Energy (LPI) assumed underperform; target is $55
Top picks are FANG, CTRA, XOM
Analyst is Nitin Kumar