Price Target changes by Mizuho Securities - Sept 18
Posted: Mon Sep 18, 2023 11:06 am
This morning Nitin Kumar, CFA at Mizuho Securities adjusted his price targets as follows:
He is rated 5 Star by TipRanks
AR -$1 to $38
CPE +$4 to $63
CRK -$1 to $14
EOG +$2 to $157
EQT -$5 to $47
ESTE +$1 to $23 < Merging into PR soon, so ESTE's stock price should move in lock step to PR at 1.446/1. My valuation of PR is $21.
FANG +$6 to $197
MTDR +$2 to $80
OVV +$2 to $63
RRC +$1 to $39 < The only gasser that he increase.
SM +$2 to $50
Obviously, Mizuho is lowering their natural gas price forecast and raising their oil price forecast.
He is rated 5 Star by TipRanks
AR -$1 to $38
CPE +$4 to $63
CRK -$1 to $14
EOG +$2 to $157
EQT -$5 to $47
ESTE +$1 to $23 < Merging into PR soon, so ESTE's stock price should move in lock step to PR at 1.446/1. My valuation of PR is $21.
FANG +$6 to $197
MTDR +$2 to $80
OVV +$2 to $63
RRC +$1 to $39 < The only gasser that he increase.
SM +$2 to $50
Obviously, Mizuho is lowering their natural gas price forecast and raising their oil price forecast.